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FinTech
Securities Trading
FUNCTION:
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FinTech Securities offers electronic equity trading services to its
clients. Their streamlined
electronic trading system provides very competitive commission rates
with no trade volume
or commission minimums.
The TrustNet interface with FinTech seamlessly transmits trade orders
and receives
execution results ready for posting.
The FinTech staff will help you install their trading software, ROX, on
your PC and teach you
how to use it. They are available during the trading day for any
questions you may have.
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The FinTech Interface Module includes five programs:
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- Export to FinTech consolidates trade requests that have not yet been transmitted
to create a trade batch. Multiple accounts trading the same asset will be combined
to one order with separate buy and sell trades. The program prints summary reports
for your review and creates a file ready for import into ROX.
- Process FinTech Trades pulls in the status of today’s orders from
ROX. It prints a
report of each consolidated buy or consolidated sell, showing how many
shares
executed.
- FinTech Trades List details all ROX trades and orders for today,
with a status for
each.
- Print Partial Execution Worksheet prints details by account for any
trades that
were partially executed so you can plan the allocation of the shares
traded. You
would run this after the market has closed.
- Process Partial Executions releases the trades after you have
assigned accounts
for each partial execution.
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BENEFITS:
The FinTech Securities Interface adds value to the core system by …
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- saving commissions compared with traditional brokerage relationships.
- saving time with trade order entry. If you hand-enter trades, you can now use
TrustNet as
your single entry point – and have the trades flow electronically through
the remaining
steps using Straight Through Processing (STP). You can also trigger
executions of trades
that have been created using modeling programs.
- reducing the risk of errors by having each data item entered or created in
one place only.
- creating an electronic trail of trades.
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