Electra Settlements

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Overview

Electra Settlements, an industry leading, post-trade automation tool for custodian trade and client notifications, confirmations/affirmations and settlement instructions, provides a central nexus, connecting investment managers, custodians, prime brokers, clients and other third-party participants.

Electra Settlements, formerly titled ACTioN, aggregates trade data and sends it electronically to your brokers, custodians, prime brokers, clients and other parties using industry standard and proprietary formats and communication protocols. Electra Settlements features a comprehensive selection of built-in rules that allows you to automate not only your standard post-trade processing, but also those exceptional situations that require special handling and create additional workload for your staff.

Unlike tool-kit based solutions that add to your overhead, we have created a turn-key solution that allows you to focus on your business while managing operational costs. Electra Settlements enables you to mitigate settlement risk, gain control of the status of your settlements, work with your best-practice and informed work flows and affirms trades quickly.

Through Electra Settlements, you’ll be able to effectively eliminate time consuming, manual matching, mitigate failed trades and enhance your staff’s productivity – leading to an improved bottom line.

Key Features

Electra Settlements automates matching and affirmation process with brokers

  • Facilitates confirmation and affirmation of your fixed income, derivatives and cross-border trades
  • Sets tolerances within intuitive and flexible interfaces
  • Interfaces seamlessly with Omgeo OASYSSM
  • Matches trade confirmations within Omgeo OASYS-TradeMatchSM
  • Manages unmatched trades locally
  • Or matches all trades within Electra Settlements

Electra Settlements automates custodian and third party notification

  • Notifies custodians and other interested parties of your trades automatically
  • Utilizes Electra's secure communications network
  • Supports all industry-standard and proprietary formats and protocols
  • Supports ISO/SWIFT, Omgeo TradeHubSM, FTP, customized flat files or report for e-mail or fax

Key Benefits

Electra Settlements automates matching and affirmation process with brokers

  • Mitigate settlement risk
  • Gain control of the status of your settlements
  • Work with your best practice and informed work flows
  • Affirm trades quickly and effortlessly
  • Eliminate time consuming, manual matching
  • Experience fewer problems, fewer failed trades
  • Enhance your staff's productivity

Electra Settlements automates custodian and third party notification

  • Eliminate multiple custodian workstations and manual faxes
  • Consolidate post-trade information flows to gain control of your settlement processes
  • Streamline post-trade processing
  • Mitigate settlement risk
  • Never need to hire additional, expensive IT staff
  • Be confident that every trade is communicated accurately and on time

Product/Service details

User Suitability (Capital Markets & Investment Mgmt)
Asset Managers
Geographic Availability
Africa, Asia-Pacific, Europe, Middle East, North America, South America
Asset Class Coverage
Bonds, Commodities & Energy, Equities, Foreign Exchange (FX), Funds, Futures, Options and other Derivatives, Money Markets, Structured Products