What We Do
ESP aggregates and reduces the number of allocations and settlements for institutional asset managers executing trades within or across multiple brokers and execution venues. The result is a single, aggregated allocation and delivery to each custodial account or fund. Investment managers and their clients may realize significant savings in custodial ticket charges and back-office costs. In the process, trade and settlement data is accurate and centralized providing buy-side clients with sophisticated, on-demand reporting and analytics.
What is Allocation Aggregation:
• Centralizes trade and allocation processing across order management systems and EMS’s
• Enables aggregation settings by account, broker, desk, symbol and market
• Outsources the allocation process
• Aggregates and reduces settlements
• Increases affirmation rates and reduces fails (provides one-stop fail management)
• Manages clearing counterparty risk
Trader benefits:
• Ability to increase order fragmentation across multiple execution venues
• Counters the impact that market fragmentation and increased tickets have on client account performance
• Eliminates the “Stop-and-Start” trading and waterfall allocation process even within a single broker
• Streamlines the cancel/correction process with executing brokers
IT Benefits:
• Provides single integration point for multiple system feeds (OMS’s, Accounting Systems, OASYS, etc.)
• Eliminates the need to maintain third-party systems and services such as CTM, Swift, Domestic OASYS
• Flexible data handlers enable implementation with little or no change to existing data feeds and formats
• Data integrity and privacy through on-site server deployment and maintenance
• Technology and downstream system benefits from reduced data storage
Operations Benefits:
• Centralizes view of trade instruction and settlements message streams and status
• Centralizes trade break and fail management
• Streamlines commission and CSA management processes
• Streamlines broker-of-credit and step-out processes
• 24:6 Global ESP Customer Service
Institutional Customer Benefits:
• Savings through fewer custodial tickets and settlement charges
• Decrease in fund operating expenses resulting from fewer allocations
• Fewer breaks and fails in custodial accounts allow for more accurate client reporting and statements
