Electronic Trade Confirmation
MBA’s ETC system links brokers, banks and hedge funds to facilitate a fast efficient pre- and post- trade confirmation process. The system enables organizations in the financial sector to electronically confirm trading intentions and commitments despite having disparate technical and business processes and systems. The STP nature of ETC allows organizations to eliminate manual processes from the trading process.
Clients of the ETC system are linked to each other via a central Hub maintained and operated by MBA.
The physical links to the Hub can be via the internet, direct line, or via proprietary networks such as Radianz.
Clients interface to the system via a Graphical User Interface supplied by MBA or directly from Order Routing and Back Office systems via the FIX protocol. Where FIX is not appropriate, access to the system can be facilitated via one of MBA’s array of specific system interfaces which have been developed for exactly this purpose.
The system is suitable for a large spectrum of instrument types ranging from equities to various derivative categories. The system is international in scope in terms of both client location and its instrument coverage.
The existing system infrastructure means that most tier-1 banks and brokers are already linked to the system Hub; this means that new systems and instruments are easily incorporated. New participants can leverage this advantage to instantly have access to the core players in the financial market place.
The ETC system is provided as a managed service thus obviating infrastructure and ongoing operational management costs from the client’s perspective.