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Two Top Awards for MBA Systems
June 2008
Winner - MBA Systems
MBA Systems was awarded “Best Website” at this year’s Systems in the City event. This award acknowledges the benefits offered by MBA’s Internet Broker software that is used for the development of brokers’ online trading sites. MBA account manager, Jamie Whatley was also accredited with a personal achievement award. It is the second consecutive year that MBA has won the award for “Best Website” at this highly prestigious event.
Organised by Summerson Goodacre, nominations for the awards and the initial voting online came from systems’ users themselves from within the securities industry: stockbrokers, fund managers and investment bankers. The three finalists in each category then prepared a statement of support for their nomination and the final selection was made by an independent panel of judges, drawn from senior figures in the financial services industry.
The well-attended event took place on board the HQS Wellington. Comedian, Barry Cryer, gave an after dinner speech and presented the awards together with Summerson Goodacre managing director, Stephen Pinner.
The awards accredited to his company delighted Michael Bradford, managing director of MBA Systems. “We were honoured to receive these awards and I would like to thank all those who voted for us,” he said.
MBA’s award for Best Website comes shortly after the company had launched IB.Net2, the latest version of its Internet Broker software. This latest release provides greater flexibility in use, enhances account management and enables cost savings.
MBA Systems launches
IB.Net 2
May 2008
MBA Systems has launched IB.Net2, the latest version of its award winning Internet Broker software for online trading. This latest release provides greater flexibility in use, enhances account management and enables cost savings. Included in the range of new features and functionality are: a new front-end database facility (FED), a new limit order system, an enhanced payment utility and an expanded range of tradable instruments.
FED is a new front-end database application that enhances the service brokers give their clients. It enables client data to be exported from a firm’s back office system to support the management of trading activities in the front office. The data is then returned to the back office for settlement and clearing at any time – daily, hourly or instantly upon the completion of a trade.
This saves the cost of developing and maintaining expensive interfaces with the back office system. Moreover it enables data to be enriched at the front end to provide the client with more comprehensive information, presented in an improved format. IB.Net2 includes an agent or broker login, to enable the firm’s representative or investment manager to see the same view as their client, so they are able to provide a better service.
The new limit order system that has been incorporated into IB.Net2 enables a broker’s client to enforce ‘stop loss’ and ‘rising buys’ onto their trading/dealing account. This can be particularly effective when used as part of a trading strategy, which can be developed in conjunction with a client’s broker, or directly by an execution-only client pursing their own strategy. Providing clients with greater control of their dealing activity instils greater confidence and more trading opportunities, thereby encouraging increased deal flow.
An enhanced payment facility, improves security for both brokers and their clients. Transactions are now completed on the broker’s own secure trading site, without clients having to go through a third party. This enables better valuation checks against the back office system and in so doing, increases security and reduces risk for both parties.
IB.Net2 also incorporates an expanded range of tradable instruments to include unit trusts and other collective investments. Employing straight through processing and utilising a FIX interface with EMX, funds are traded almost entirely automatically. This eliminates a considerable amount of routine manual processes. As a result staff only need to deal with exceptions, freeing them up to carry out more valuable tasks.
Other new features in the system include an increased amount of available portfolio data, such as book cost and real-time profit and loss; bulk and model trading; and enhanced support for white label developments.
“MBA continues to invest in its electronic trading application,“ explains Stephen Taylor, director at MBA Systems. “The latest version of IB.Net brings with it an even greater level of automation to the broking process, ensuring that it stays ahead of market requirements.”