PHOKAST- RTC, a real-time clearing Platform!
Accelerating post-trade services with market efficient real-time clearing solution is a must for trading members and clearing members to enable post-trade back-office and settlement activities. Seamless execution of straight through processing of core activities from instance trade allocation, give-up, position management, commission, risk management, report management, etc., requires robust infrastructure for comprehensive post-trade clearing services between clearing and trading members. An integrated, modern, robust, and reliable cross-asset clearing solution provides smooth functioning of all clearing activities from the time of transaction commitment until settlement.
Sensiple’s “PHOKAST RTC (Real Time Clearing)” is simple to use, intuitive, reliable, highly configurable, and designed to enable real-time clearing solution for clearing members and trading members who are trading with JSE - Johannesburg Stock Exchange.
Sensiple, an ISV of JSE, has successfully tested a real-time clearing & settlement solution for JSE’s ITaC clients.
- How it works
PHOKAST-RTC is available as both web-based as well as thick client solution for clearing members and trading members complying with EMAPI messaging protocol to establish connectivity and performing the following daily clearing operations.
- Configuring & managing clearing member/trading member environment such as user accounts, margin accounts, cash accounts, data subscriptions, and risk settings
- Performing deal management activities like trade allocation and trade give up for on book & off-book trades
- Managing client margin accounts and position accounts based on the data provided by JSE subscription management events
- Seamlessly generating 100+ reports based on reporting requirements using any reporting format, any number of reporting fields, scheduled at any reporting event.
- Track, monitor, and perform daily activities of business users using extensive workflow and case management components.
- Processing settlement instructions and managing collateral by sending or receiving SWIFT messages to central securities depository and banks
- What sets us apart
Scalable Solution for dynamic Market condition
Ascendable to meet the growing trade volumes and capable for an efficient Clearing Interface Solution.
Improved Operational Efficiency
This highly resilient system delivers zero -failure environment and enhances operational efficiencies through streamlined process flow handling & straight through processing.
Real-Time Risk Management
Real-time risk monitoring, generation, and processing alerts based on risk parameters.
Enables market participants with transparent visibility on the clearing lifecycle across markets. Foolproof system to connect & integrate with members and with sub-systems.
Trading and clearing members can create any number of ad-hoc reports using dynamic filters and configurable report templates that can be previewed, downloaded, and distributed to users.
- Key Features
Secured connectivity with CCP & Exchange
Highly configurable, scalable and flexible solution
Interactive dashboards for tracking business process
Real-Time risk calculation and alerting system
Access control through user and role configurations
Audit trail and archive mechanism enabled
Ease to perform trade allocations and trade give-ups
Subscribing data in real-time and on-demand basis
JSE business flows and clearing operation flows are completely controlled by system administrator by configuring user management and application flow events
Workflow management and case management track all business and operation events and it is available to trace at any point of time
PHOKAST- RTC supports all existing products and as well as it can accommodate any new product, thereby enabling a consistent way to account for portfolio correlation
Rich User Experience
Business user can easily understand and adopt with PHOKAST RTC for performing their daily deal management, margin and position account management
Real-Time Risk Management
Risk events can be processed and alerted to the system users to perform margin calculation and portfolio adjustment in real-time
Configurable Reporting Engine
Allows to configure, customize and assign reports to the workflow and it can also be scheduled in various frequency to send to intended participants