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Brokerage services - e-settlement.
Real-time, straight-through-processing information and clearing system
The challenge
The legacy back-office systems in use today were developed for an industry on T+5 settlement. Inefficiencies such as batch processing, sequential information exchange and manual intervention will need to be overcome in order to facilitate straight-through-processing (STP) and to attain T+1.
The solution
CGI’s proprietary e-settlement technology is the real-time, STP information and clearing system that gives the securities industry the same level of transaction processing, speed, efficiency and accuracy as the Canadian banking industry’s Interac system. It is a complete front, mid and back-office system that is scaleable to meet your business needs.
The advantage
The benefits of e-settlement technology include reduced business risk, lower error rates and greater operations efficiency.
E-settlement technology gives your company the edge to compete in today’s shifting environment
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To |
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| T+3 settlement |
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T+1 and ultimately T+0 |
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| Manual processing |
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Straight-through–processing |
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| Commission-based revenues |
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Fee-based asset management |
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| Product-centric |
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Investor/agency-centric |
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| Bricks and mortar |
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Online and virtual electronic access |
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| Proprietary and restricted networks |
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Internet and wireless networks |
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| Domestic investment markets |
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Global opportunities |
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For more information, download the overview brochure.
Retail broker/dealer
E-settlement’s front, middle and back office functionality allows the retail investment dealer to improve operating efficiency and manage client/counterpart risk in a real time manner and enhance customer service.
Carrying broker/dealer
E-settlement’s front, middle and back-office functionality is uniquely positioned to support front office correspondent clients with sophisticated clearance, settlement and risk management tools that are incorporated into the back-office.
Institutional broker/dealer
E-settlement’s real time inventory management and clearance and settlement modules provide an institutional investment dealer with state of the art tools to manage risk (counterparty, market, settlement and foreign exchange).
Discount broker/dealer
E-settlement’s support for a discount broker/dealer is augmented by specialized suitability validations and are fully supported by our robust suite of application program interfaces to Web portal.
Intermediary
E-settlement’s front, middle and back-office functionality is uniquely positioned to support front-office intermediary customers, back-office settlement and exception reporting in compliance with MFDA regulations and allows the intermediary ease in offering a full end-to-end white labeled solution.
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