Real-Time Accounting for Derivatives Trading

Home Retail Broking Real-Time Accounting for Derivatives Trading

GBST DCA

A fully integrated derivatives back office system, GBST Derivatives Client Accounting (DCA) helps enhance business efficiency with real-time data updates and processing combined with flexible, automated reporting for the retail and institutional business.

Improves efficiency

By interfacing directly with the ASX Derivatives Clearing System, DCA processes messages (e.g. trades) in real time. This gives users access to all data issued by the Clearing House including open interest, theoretical and reference prices, and more. Specifically, DCA clears:

  • Australian Equity Options
  • TORESS
  • Index
  • OTC
  • Lepos

DCA also interfaces with a number of banks for daily settlement obligation – identifying reconciliation differences with the Clearing House for proactive repairs.

Clearing and client accounting updates are performed in real time and user transactions simultaneously update both, eliminating the need for dual entry. DCA also uses a single data source. For example, collateral lodged with the Clearing House is reflected at clearing and client accounting levels.

Flexible reporting

Client statements can be produced quickly and easily with a range of parameters, allowing brokers to tailor their service for individual client accounts. DCA also accommodates an extensive range of internal reports, which are automatically archived for easy retrieval. Ad hoc reports can easily be exported in a variety of formats including email, Word, CSV, PDF and more.

This is combined with the ability to customise commission and interest management:

  • Commission can be calculated by percentage, amount or rate using a ranged or tiered calculation method
  • Interest is calculated using a fixed or variable method and accrued daily, posted monthly but can also be posted prior to the end of month and zeroised on demand

DCA also provides comprehensive online auditing of user and system updates. The audit trail is available for enquiry and printing, and shows update details, date/time and the identity of the user responsible for the update, which is then archived.

 

With DCA, derivatives data can easily be consolidated with equities data in GBST BIR and GBST FrontOffice.

 

Seamless integration

The DCA platform integrates with GBST MarginSuite Derivatives, GBST Order Management System (OMS), GBST FrontOffice, GBST Business Intelligence Reporting (BIR), GBST Shares and GBST Syn~®. In addition, GBST delivers integration between DCA and Iress Portfolio System (IPS).

A highly scalable system, DCA can accommodate an unlimited number of accounts under the Private, Institutional, RIOT, House and RT account types.

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