TXpress
A workflow-based, real-time tool that is designed to work within your firm’s existing infrastructure, TXpress processes both funds and securities transactions through a single, direct interface with the Federal Reserve Bank. This enables you to access information about both classes of transactions simultaneously, helping to simplify operations and provide a full view of activity.
Features
- Provides a real-time view of all trades and positions
- Allows you to proactively monitor activity to improve productivity and avoid costly errors
- Includes all of the key features for processing and managing the business, from trade capture to enrichment and interaction with the Fed
- Handles the processing for functions such as auto-matching and turnarounds, automated linking of reversals, and repetitive and template processing
- Supports settlement and payment instructions, real-time status updates and P&I
- Provides real-time position and cash balance monitoring at the account and ABA level, as well as multiple ABA support in a single instance
Benefits
- Helps simplify operations and provide a full view of activity by processing both funds and securities on a single platform
- Helps improves risk management through position management and cash position monitoring across funds and securities activity, as well as daylight overdraft reporting for funds and securities data
- Helps increase productivity and reduce errors by eliminating duplicate entry to the host securities system and providing automatic/bulk matching, automatic turnaround and proactive exception management
- Helps ensure compliance and reduce the risk of penalties by interfacing with OFAC database
- Can support small, low transaction volume customers with simple business processing requirements, as well as very large, high volume firms with more complicated requirements and multiple internal systems and users
Brochures & Datasheets