SPARC – Trading Backoffice Solution
SPARC – Trading Back Office Solution
SPARC empowers brokerages to build efficiency into operations
SPARC addresses the front – to- back office operations and facilitates effective client communication for retail brokerages.
SPARC the Back office management solution from GTL does all this and more. It combines robust technology with industry-standard functionality, becoming a comprehensive back office management solution for retail brokerages.
A brokerage house’s profitability depends as much on its back office operations as it does on the efficiency of its front-office personnel. Reliable systems that can speedily settle trades, highlight risks and manage day-to-day accounting are a key part of the must-have infrastructure.
A browser-based application with high security, it can be accessed anytime, from anyplace, and offers high speed to process large volumes of data. Its multi-exchange, multi-product abilities integrate a broker’s needs across equities, equity derivatives, commodity derivatives and currency derivatives segments.
SPARC can be fully-integrated with a financial accounting system with automated journals and charging mechanisms. SPARC has an intelligent Management Information System and generates extensive reports in Word, PDF, HTML and Excel formats.
SPARC Features
Multiple Exchange Support
Trust account and Client Mapping facilities
Risk management
Portfolio summary, daily brokerage details, and so on
Business associate report, target and achievement, etc
Support for custodian trades
Order allocation and trade splitting for nominee clients
Automated brokerage calculation and trade accounting
Trade reconciliation with trade file from authorised systems
Daily trades SMS/ e-mail to clients
Audit trail
Authorisation check for trades
Integrated accounting system
Customer care portal
User-wise access control settings
Integration with real-time trading system
Centralisation of information for better control
Sub-broker/ location, region-wise reports
Statutory payout calculation and compliance mail to clients
Digital contract note and physical contact notes
Canned fund summary report, which includes all consolidated data of funds
E-mail transaction confirmation reports and other relevant reports
Brokerage setting in different levels – client-wise, scrip-wise, normal and volume-based brokerage slab
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