FFastFill SEALS NG : GIVE IN - OUT PROCESSING & MANAGEMENT
OVERVIEW
Global Matching & Allocation Middle Office
FFastFill offers another addition to the hosted architecture suite with Seals NG, a matching and allocation system to provide futures and options clearing functionality across all global derivatives exchanges.
Seals NG is offered as a part of the FFastFill NG suite and connects directly to the global clearing houses to gather trade information. The front-end user collates his own tradebook view from multiple distributed sources through the use of filters in the front end application. Moreover, orders and trades from Trading may be optionally matched with clearing trades and a global orderbook view presented to the user. The system can handle multiple GCM-NCM relationships.
A significant feature of Seals NG is the addition of Trade matching. Within Seals NG this takes the form of a feed received from the FFastFill trading system, other ISV or imported files of executed trades which are displayed in a separate pane within the application. Trades within this window are then matched against the trades received from the Clearing House feed which is displayed in a different pane. User definable alerts can be applied to the trades.
KEY BENEFITS
Fully hosted, high performance application
Global coverage
Reduced cost of total ownership
Accessible from anywhere via web delivered front end
Intuitive user interface
Full trade actions from easy to use interface
Full set of reporting tools
Interface to Eclipse and other back office systems
The ability to share trade books amongst other user groups
MAJOR FEATURES
Connectivity to the major European, US and Asian exchanges
Pre-set and Excel reporting
Third party database and back office exports
Trade mapping based on attributes of clearing trade and exchange specific fields
Incoming give-ins subject to automated acceptance rule processing
Instruction rules defined for each client for clearing account assignment and give out instructions. Rules defined at both exchange and product level
Split Management
Account change - moving the trade or allocation between the House, Segregated, etc. accounts
O/C Change: Changing the Open / CLose flag of a Trade / Allocation
Client (Re-) Assignment
Manual instruction rule application
Give-in handling (accept / reject)
Give up handling (give-up; revoke give up before counterparty acceptance
APS (Average pricing on CME)
All actions applied to a single trade / allocation or a selected group
