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DCA
Overview
GBST DCA™ is a fully integrated, real time client accounting system for derivatives trading, improving business efficiency and reducing transaction costs.
Seamless Integration with Clearing House and other systems
DCA™ interfaces directly with ASX's Derivatives Clearing System, processing messages (eg., trades) is real time and enabling access to all data issued by the Clearing House, eg., open interest, theoretical prices, etc. DCA™ identifies reconciliation differences with the Clearing House, allowing such differences to be proactively rectified. The DCA™ platform is extendable to RMS, Web Manager and clearing of other exchange traded product. In addition, GBST delivers better integration between DCA™ and Iress Portfolio System (IPS).
Real Time and Simultaneous Data Updates and Processing with Single Data Source
Clearing and client accounting updates are performed in real time and user transactions simultaneously update both, removing the requirement for dual entry. DCA™ also uses a single data source, eg., collateral lodged with the clearing house is reflected at clearing and client accounting levels.
Flexible Reporting, Tailoring of Service and Commission and Interest Management
Client statements can be produced quickly and easily and a range of parameters allows tailoring of service for individual client accounts. Commissions can be calculated by percentage or rate, overriden for specific deals, automatically calculated and posted with commission enquiries and reporting showing current, previous month and YTD earnings. Interest is calculated and accrued daily, posted monthly but can also be posted prior to the end of month and zeroised on demand.
GBST DCA™
Testimonial from Aequs for GBST DCA™:
"Aequs Securities recently implemented GBST's Derivatives Client Accounting System (DCA™). The GBST managed implementation process was seamless and required minimal effort on the part of Aequs Securities. The training provided was thorough and comprehensive and we have realised significant time savings from day 1. The automated settlement intergration between DCA™ and Shares™ for both Client and ACH settlement provides further benefits. DCA™ provides Aequs Securities with the opportunity to expand the business now that we have a solid clearing and settlement platform for derivatives."
Grant Henderson - Manager, Operations & Compliance Aequs Securities Pty Limited
Related Products
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DCA Web Manager™ can be integrated with DCA™ and enables brokers to make greater use of internet and email for both internal operational needs as well as providing an improved service to customers. |
Implementation of the CFD Module enables brokers to clear and settle ASX CFDs for both Clearing and Non Clearing Market Participants, using existing hardware (when integrated with ETO processing) with minimal training. |
GBST RMS™ allows brokers to manage client risk, providing in-depth analysis and what-if scenarios to anticipate market volatility. |
Features & Benefits
DCA – Derivatives Client Accounting System
The GBST Derivatives Client Accounting system provides a seamless interface to ASX’s Derivatives Clearing System.
Interface to Clearing House
DCA Interfaces directly to the Derivatives Clearing System (DCS) messaging component.
Reporting
Quick and easy production of client statements
Client Accounts
A range of parameters allows tailoring of service for individual accounts (e.g. commission, interest, and automatic exercise). An unlimited number of accounts can be accommodated, covering:
Financials
Full double entry accounting utilising posting groups and posting codes.
Commission
Commission calculation method by account with efficient maintenance functions.
Interest
Interest calculated and accrued daily, posted monthly but can also be posted (i.e. prior to the end of the month) and zeroised on demand.
Account Explorer
Provides advisers with a view of information relating to “their” accounts only.
Auditing
Comprehensive on-line auditing of user and system updates.
Security
Powerful security module enables you to restrict access to specific functions.
Reconciliation
Importantly DCA identifies reconciliation differences (with the clearing house) and allows such differences to be rectified.
Other
DCA provides a platform that can be extended by adding other modules to provide:
- Risk Manager
- Clearing of other Exchange traded products
- Margin FX.
Iress IPS Interface
DCA™ enables you to extract data in a format suitable for uploading into the Iress Portfolio System (IPS).
Profit & Loss Reporting
Profit and Loss of a client can be viewed over a given data range and enquiries made by Account and Group
for European installation of model-based, back office settlement and corporate actions processing.