Automated Dealing

• Invest|Pro™ imports forecast cashflows/unit movements from life office policy admin system(s)
• Invest|Pro™ automatically creates trades (for ‘mirror funds’) based on static data investment splits for the external securities to be purchased/sold by the fund
• Trades can be edited manually (if necessary) by a user with the appropriate system rights prior to being sent to market
• Trades are automatically transmitted to the dealing counterparty using
  • ISO9000 standard messages or
  • In-house protocols
• Trades confirmations are electronically received from the dealing counterparty (using similar protocols)
• The system creates ‘Dealing Tickets’ for investment managers who are not in a position to trade via an automated trading system. These can be faxed/e-mailed to the investment manager / administrator.
• Invest|Pro^TM automatically creates cash flow advices for managed funds where the investment manager decides the asset allocation and stock selection. Trades confirmations can be electronically received from the investment manager.
• The typical set of trade statuses through which a trade passes for Invest|Pro^TM e-trading is as follows:
  • Entered
  • Entered & Validated
  • Transmitted
  • Accepted (transmission message acknowledged by counterparty)
  • Placed
  • Contract confirmed
  • Settled
• Settlement – there are a number of possible approaches to Settlement. The most widely used approach is the production of a settlement extract which is fed into a banking settlement system.
• All results are stored in the database, date stamped and archived
• End

Further Information

For further information or for an Invest|Pro™ demonstration email frank.carr@frsltd.com or call 00353 1 2340000