A2X POST
TRADE SYSTEM
After much engagement with our brokers and in partnership with a leading local tech company, MCI, we have created a post trade system called Member Client Record and Allocation System (MeCRAS).
MeCRAS allows our brokers to undertake agency trades on behalf of their clients and easily manage the deal allocation and settlement process.
The system facilitates integration between the brokers’ downstream systems allowing for seamless end to end processing. MeCRAS is also hosted by A2X which means technical integration into the brokers infrastructure is simple.
The system facilitates integration between the brokers’ downstream systems allowing for seamless end to end processing. MeCRAS is also hosted by A2X which means technical integration into the brokers infrastructure is simple.
Brokers who adopt MeCRAS can now easily transact across two venues by:
- Automating principal DLXOP entries in to BDA (for position keeping)
- Enabling agency allocations
- Automating journal entries for principal and agency transactions middle monies
MeCRAS can:
- Store client account details – Standard Settlement Instructions (SSIs)
- Receive executed trades
- Update broker internal upstream or downstream systems
- Receive and validate agency allocations
- Pass allocations / late allocations (T+1) / reallocations / cancellations onto A2X Clear
- Receive status updates from A2X Clear
- Automating journal entries for principal and agency transactions middle monies
If you would like to find out more about MeCRAS or schedule a demo, please contact Brett Kotze at
brett.kotze@a2x.co.za or 011 088 5007.