Phase3 is a real-time order-to-settlement securities processing system for broker-dealers, ECNs, and correspondent clearings firms. Delivered in an ASP environment, Phase3 reduces manual tasks, delays and errors, enabling your firm to handle increasing volumes and support business growth. Phase3 streamlines sales efforts, simplifies operations, and provides up-to-date information for rapid, reliable decision-making.

Among Phase3's key advantages is its ability to process all security types and currencies—dollar and non-dollar equities, fixed income, mutual funds, annuities, and more—on a single platform for consolidated books and records, thereby eliminating the delays of downloading and reconciling results between separate systems. Phase3 automates every step in the trading lifecycle seamlessly without the need for manual intervention.

Phase3 provides the following features and advantages:

• Real-time architecture, API, and replication for STP and ease of integration
• Single platform for all investment products
• Handles high volumes and all levels of business continuity
• Sophisticated, real-time edits to ensure accurate orders and risk mitigation
• Funding system for processing financing transactions
• Real-time margin analysis

Phase3's core capabilities include:

• Accounting
• Annuities Processing
• Cash Management
• Cashiering / Cage
• Clearance & Settlement
• Compliance
• Correspondent Clearing
• Dividends
• Financing and Collateral Management
• Margin
• Mutual Funds
• New Accounts (Name & Address)
• P & S
• Online Report Viewing & Optical Storage
• Order Management
• Reorganization
• Retirement Plans (IRAs)
• Year-End Tax Reporting