Operations and Compliance

Effortlessly deliver operational alpha

Fully auditable trail

Fully auditable trail of execution fills* (except CARE orders) allows for full transparency in trade execution, allowing objective evaluation of counterparties' quality of execution.

Fully integrated MiFIR

Fully integrated MiFIR trade reporting effectively allows you to offer clients a differentiated, almost-like-delegated-reporting offering for trades executed via Prometheus OEMS.

Automated trade file

Automated trade file generation and upload* (subject to set up) for trades done away from a custodian/Prime Broker makes Trade-Away reconciliation, settlement and reporting a seamless process.

Easily manage commissions

Easily manage commissions to counterparties with ongoing monitoring of commission dollars paid to each executing counterparty, ensuring ongoing compliance with best execution principles.

Maintain full, comprehensive and transparent trading oversight with a single look.

Maintaining oversight of an entire firm’s trading activity is often a challenge. With Prometheus, trading oversight becomes effortless.

A fully auditable trail of execution fills (except for high-touch CARE orders) allows each execution by a counterparty to be scrutinised down to the level of each individual fill.

The paper trail allows trades to be replayed all the way from order submission, including the details of the order submitted and, if necessary, queried for execution quality and evaluation purposes.

Timestamped executions can be matched up with historical prices down to the tick, so the next time you’re asked “how did we get this price?”, the answer is only a few clicks away.

Fully-integrated and automated MiFIR reporting.

With only a handful of brokers on the street offering delegated MiFIR reporting services, the burden of compiling, preparing and submitting MiFIR transaction reports at the end of every trading day typically falls on the buy-side operations team.

Our integrated offering of Prometheus and its accompanying reporting suite, Artemis, turns your reporting nightmare into a seamless paradise.

Automated report generation and submission allows reporting files to be generated automatically and submitted at frequent intervals through the day.

The only thing you’ll need to deal with is exceptions, and by uploading reports almost in real-time, you can deal with exceptions as they come, rather than having them appear all at one go at the end of the day or early the next day – interfering with that evening at the pub, or that mid-morning client meeting.

Nachas alert

3 trades need attention!

Trade away the pain of trading away

In addition to providing a single point of access to portfolio managers and traders to multiple executing counterparties, Prometheus is also able to generate trade files for trades executed away from a Prime Broker or Custodian, and subsequently automate the generation and uploading via FTP/SFTP of files to a fund’s PB/Custodian.

Once commission Trades can be tagged for settlement away from the executing counterparty at inception or post-trade, and with automatic reconciliation of settlement instructions between execution messages and the instruction file to the PB/Custodian, Prometheus provides an additional layer of checks, allowing exceptions to be detected early in the settlement process, thereby reducing the risk of trade breaks, delays, unnecessary work and fines.

TRADE

Counterparty management that’s just easy

Unifying execution, settlement and reporting into a single hub allows you to easily manage your firm’s counterparties.

From generating reports showing commissions paid to each executing counterparty, to adding and enabling new counterparties in new (or existing) markets, to managing best execution and trade audits – the duo of Prometheus and Artemis makes monitoring and managing counterparty relationships a straightforward and painless process.

Nothing much more than keeping it simple and transparent. Good ol’ operational alpha from the unsung heroes in the Operations department.

Trades

Turnover

Comission