GL TRADE, global provider of multi-asset and multi-market solutions for financial institutions, is pleased to announce the expansion of its back-office product component suite with Instant Brokerage. A latest addition designed to manage and automate electronically traded derivatives’ brokerage processes.
Instant Brokerage is a dedicated solution aimed at futures and options firms offering brokerage services, execution (Give Up – receivables) and/or clearing (Take In – payables) processes. Instant Brokerage offers a complete solution including capturing trades, managing brokerage fees and commissions, generating invoices and issuing accounting entries.
Versatile invoicing features, full reconciliation process between payments and invoices, powerful drill-down capabilities and aging allowing users to control outstanding invoices and easily manage debtor tracking are the main benefits for the component’s users.
Instant Brokerage’s functionalities have already convinced four clients including two tier-one institutions who are using them in production.
In addition Instant Brokerage can be deployed in-house or in ASP mode of operations. It can also be fully integrated either with GL TRADE’s systems (CLEARVISION/UBIX), or with other back-office legacy systems.
Laurent Jacquemin, global head of GL TRADE’s post-trade for derivatives business line, adds: "Our clients have selected Instant Brokerage to streamline their invoicing process and consequently to accelerate their payment recovery."