Floats

Overview

GBST Floats™ streamlines the Floats and Issues processes across your business delivering increased efficiencies and greater management during the bid, offer and allocations process.

Improved management

Floats™ allows you to better manage and monitor the offer and allocation process across all levels - branch, adviser and client. You can collate and calculate bids for indicative interest of the Issue, automatically calculate total offers or acceptances, as well as monitor the firm's total position to prevent over allocation.

Streamline your issue process

Fully integrated with GBST Shares™, Floats™ delivers efficiencies to the Issue process removing the time consuming and error prone process of maintaining separate spreadsheets.

Targeted marketing

Floats™ allows you to market new issues to clients faster and with greater reach. You can perform queries for Issues across any branch, adviser or client for current or past Issues to ascertain, for example, clients who did not accept the offer or clients who did not receive an allocation in a previous float. Query results can then be exported to external applications such as Microsoft Excel.

Features & Benefits

Key Benefits

• Present, offer, process and allocate shares of Floats and other new Issues
• Collate and calculate Bids for indicative interest in a Placement or Float
• Better manage and monitor Offers across all levels - Corporate, Branch, Adviser
• Better organise stock allocations for Floats and Placements
• Place audit and security measures such as not permitting over allocation of shares
• Improve efficiency and reduce risks arising due to lack of controls
• Market new Issues to clients more quickly and with greater reach

Key Features

• Management of stock allocations, from the broker to the adviser to the client
• Tracing the acceptance of Offers as client lodge prospectus applications for the desired stock
• Real Time Interface to GBST Shares™
• Automatic calculation and summary of Bids at an Adviser or Client level
• Automatic calculation of total Offers / Acceptances
• Status Enquiry throughout the lifetime of a Float or Placement
• Float history enquiries for the future marketing of Floats or Placements