Generic Adapter for Trade Order Management Systems (SCION)
SCION is a Trade Order Management (Order Blotter) that can very easily be integrated with any Trading System. The main functions of SCION are the following:
- Generate block trades based on flexible aggregation rules.
- Reconcile allocations with brokers and custodians.
- Allows the setup of complex commission rules for each custodian, broker combination .
- Calculates commissions and provides commission compliance reports for the clients.
- Integrates with Portfolio Accounting systems.
- Provides control and alarm reports related to the daily trade activity.
- Determines risk situations that can occur.
- Minimizes the enterprise’s dependency on a specific trading system.