Sensiple’s PHOKAST RTC solution is an Application Programming Interface (API) developed to work as a User-Interface (UI) to Exchange Real-Time clearing solution. The end users of the product; both Clearing Members & Trading Members will be able to perform end-to-end Clearing & Settlement as well as Deal & Position Management functions respectively. PHOKAST RTC guarantees operation of Clearing & Settlement functions at a pace higher than the Industry standards.
- Risk processing on a real-time basis with life cycle reduced to near zero
- Multi-asset clearing
- EMAPI Gateway
- Post-trade Functionality-Deal Management & Positions Management
- Real-time Margin Calculation-Initial & Variation Margin
- Margin Call process
- Risk reporting
The PHOKAST RTC Family
The PHOKAST RTC product is tailor-made for the requirements of the Business User viz; Clearing Member & Trading Member. PHOKAST RTC ensures the specific needs of the user for seamless operation of the Post-trade scenario.
PHOKAST RTC is an enabler to an Exchange participant to perform end-to-end Clearing & Settlement operations as well as Deal & Position management operations. Targeted to the Clearing Members & Trading Members/Broker-Dealers, PHOKAST RTC guarantees a swift-paced & hassle-free environment for Post-trade operations.
PHOKAST RTC can Overrule any Business Obstacles
Overcoming Business Challenges
- With the Exchange Real-Time Clearing platform, PHOKAST RTC helps to reduce clearing & settlement life-cycle to near T-0 in today’s competitive market places.
- Batch processing of Risks-Legacy clearing & settlement solutions does not have the wherewithal to cope up with accelerating trading speeds but PHOKAST RTC’s iconic platform processes risks on a real-time basis.
- Asset-class agnostic: PHOKAST RTC differentiates itself from legacy systems by allowing cross-asset clearing in the same instance.
- Status quo ante: PHOKAST RTC is a revolutionary platform which reverses established precedents in the arena of competitive Exchange clearing technology.
PHOKAST RTC can be deployed in any Exchange clearing & settlement system. PHOKAST RTC is ascendable to meet the growing trade volumes and capable of ensuring an efficient Clearing & Settlement system.
Better Risk Management
PHOKAST RTC improves risk management on a real-time basis, instead of batch processing risks or end of day risk calculation by ensuring near T-0 settlement of instruments. It supports post-trade reference & market functionalities for the dissemination of daily margins.
PHOKAST RTC enables Sell Side institutions to have clear visibility on the clearing lifecycle and settlement performance across markets.
Improves Settlement Efficiency
It improves straight through processing of core activities such as trade allocation, give-up, position management, clearing & settlement. This highly resilient system delivers zero-failure environment and enhances operational efficiencies.
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