A2X MeCRAS Solution

After much engagement with our brokers, A2X in partnership with a leading local tech company, MCI, 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
 

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
 
 
We are delighted to share that MeCRAS is now live and is being rolled out to some of our brokers.
If you would like to find out more about MeCRAS or schedule a demo, please contact Brett Kotze on
brett.kotze@a2x.co.za or 011 088 5007

 
 

MeCRAS FAQ

MeCRAS is a post trade system that allows our brokers to undertake principal and agency trades on behalf of themselves and their clients and easily manage the deal allocation and settlement with integration to downstream systems.
High-level MeCRAS can:
  • Store client account details - Standard Settlement Instructions (SSIs)
  • Receive executed trades from A2X and import JSE trades to update the blotter per client
  • 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
MeCRAS has currently been rolled out to 5 brokers as a proof of concept
As MeCRAS is hosted by A2X it has no technical footprint in the brokers infrastructure. Brokers only have to cater for integration to their own internal applications if required.
A variable fee of 0.15 bps on the value of all bookings with a minimum fee of R10,000 per month.