MATCH
Facilitates Middle and Back Office operations and supports multi-asset, multi-exchange, multi-branch operations and accounting
MATCH is an Enterprise Application Integration (EAI) tool that facilitates Middle and Back Office operations and supports multi-asset, multi-exchange, multi-branch operations and accounting.
It is a Back Office Solution that provides exhaustive functionality to handle all post-trade related activities including Allocations, Confirmation/ Affirmation, Financial Accounting, Stock Inventory, Positions & Balances as well as Risk Management.
Match has a domestic as well as International client base. The existing Exchanges supported are:
- Dubai Financial Market (DFM)
- Abu Dhabi Exchange (ADX)
- Dubai Gold & Commodities Exchange (DGCX)
- Saudi Stock Exchange (Tadawul)
- Singapore Mercantile Exchange (SMX)
- Bourse Africa (Earlier known as Global Board of Trade)
- Bahrain Financial Exchange (BFX)
Features
- Commission Definition
- Flexible brokerage rates and multiple brokerage Schemes
- The tariffs can be levied as a Flat Charge or Percentage of trade value
- Facility of creating various tariffs (for regulatory levies) i.e. Service Tax, CESS, STT, Turnover Charges, Transaction Charges, etc.
- Client Information and Preferences
- Multi-level grouping
- Client’s Trade & Settlement related preferences captured at Exchange Level
- Maintenance of STP service provider and OMGEO details
- Links to multiple banks
- Multiple DP - Client ID
- Maintenance of KYC related info
- Multiple client addresses
- Links to multiple custodians
- Post-Trade Efficiency across Asset Class and Exchanges
- Cash - Equity
- Derivatives - Equity, Commodity, Currency
- Trade Processing
- Straight Through Processing (STP) of trades
- Smooth Integration with NeT.net, ODIN, etc.
- Handling share transfer & custodial handling
- Integration with OMGEO
- Interface with Bank and DP
- Accounting
- Event-based financial accounting & configurable chart of accounts
- Various statements such as Balance Sheet, Profit-Loss Account, Trial-Balance, etc.
- Reports such as Day Books, General Ledger, Sub-Ledger available on-line
- Extensive Collateral Management
- Collateral Module is available for maintaining details of collaterals submitted by the client and given to the exchange
- Provision for daily collateral revaluation
- Provision for Haircuts at various levels
- Comprehensive Reports
- Mailing Module facilitates automatic dispatch of selected reports such as Contracts, Bills, Ledger etc. to subscribing clients through Email or FAX.
- Multiple reports compressed into a single zip file optimises outgoing mail sizes
- Compliant with all exchange regulations
- Custom report builder tool facilitating ad-hoc reporting requirements
- Comprehensive log of mailing activities
- User/ User Group Management
- Maintains Confidentiality, ensures Authentication through Authenticity verification receipt
- Multi-User, Multi-session, capability ensures non-repudiation
- Ability to define access control at a Group or User level
Value Proposition
- Capable of managing huge/multiple databases leading to flexibility
- Exhaustive client information & preferences along with KYC document details
- Client Login ensures operational efficiency and cost advantage while relieving the load on already over-burdened back-office personnel
- Supports multi-entity login and exclusive user management to assign entity user rights to transact or view data
- Provides efficient infrastructure to the market participants to enable seamless dissemination of data across intermediaries
- Caters to needs of retail as well as institutional businesses
- Integrates with local and global systems
- Mailing Module eliminates the need for manual intervention and enhances client servicing