ION Fidessa from ION Group

Comprehensive back-office solution for brokerages offering trade processing, settlement, position keeping, asset servicing, and regulatory reporting. Supports multiple asset classes and global markets with exception-based processing.

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Product analysis by function

Back-Office Processing Systems for Operations

Comprehensive platforms managing post-trade workflows, including confirmation, clearing, settlement, and reconciliation across different asset classes.
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Trade Capture and Validation
(0 Yes /0 Known /10 Possible features)

Settlements and Clearing
(0 Yes /0 Known /10 Possible features)

Reconciliation
(0 Yes /0 Known /10 Possible features)

Corporate Actions Processing
(0 Yes /0 Known /10 Possible features)

Reference Data Management
(0 Yes /0 Known /10 Possible features)

Regulatory and Compliance Management
(0 Yes /0 Known /10 Possible features)

Reporting and Analytics
(0 Yes /0 Known /10 Possible features)

Client and Account Management
(0 Yes /0 Known /10 Possible features)

Cash and Collateral Management
(0 Yes /0 Known /10 Possible features)

Integration and Interoperability
(0 Yes /0 Known /10 Possible features)

Security and Access Control
(0 Yes /0 Known /10 Possible features)

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Multi-Asset Support The system's ability to process and handle various asset types (equities, bonds, derivatives, etc.).		No information available
Real-Time Trade Capture The capability to capture trades in real-time at the point of execution.		No information available
Automated Trade Validation Automatic validation of trade bookings according to predefined business rules.		No information available
Trade Enrichment Enrichment of trades with reference data (e.g., counterparty details).		No information available
Batch and Manual Entry Support for both batch-uploaded trades and manual trade entry.		No information available
Trade Amendment Tracking Ability to track and audit changes to trade records post-capture.		No information available
Error Handling Mechanisms Processes for flagging and managing exception trades or errors.		No information available
Trade Unwind and Correction Options for unwinding or correcting trades if necessary.		No information available
Throughput Capacity Number of trades processed per second.		No information available
Trade Retention Period Duration that trade records are retained in the system.		No information available

Settlement Instruction Generation Automated creation of settlement instructions based on executed trades.		No information available
SWIFT Messaging Integration Direct integration with SWIFT for settlement confirmations and messaging.		No information available
Custody Integration Ability to connect to custodian banks for settlement and safekeeping.		No information available
Clearing House Connectivity Support for electronic connectivity with central clearing counterparties (CCPs).		No information available
Real-Time Settlement Status Updates Real-time tracking of settlement statuses for all trades.		No information available
Automated Matching and Reconciliation System automatically matches internal and external settlement details.		No information available
Fail Management Tools Identification, tracking, and reporting of failed settlements.		No information available
Settlement Netting Netting of settlement obligations to reduce operational risk and costs.		No information available
Multiple Settlement Currency Support Supports settlements in multiple currencies.		No information available
Average Settlement Time Average time for settling trades after execution.		No information available

Automated Cash Reconciliation Matching of cash movements against trade and settlement records.		No information available
Position Reconciliation Systematic comparison of internal positions with external records (custodian/broker statements).		No information available
Transaction Reconciliation Automated reconciliation of transaction events with ledger entries.		No information available
Exception Management Workflow Workflow for investigating and resolving reconciliation breaks.		No information available
Automated Break Notification Alerts to users upon detection of reconciliation breaks.		No information available
Matching Rate Percentage of records automatically matched without manual intervention.		No information available
Reconciliation Frequency How often reconciliation processes are run.		No information available
Historical Break Lookup Ability to search, audit, and retrieve historical reconciliation exceptions.		No information available
Custom Reconciliation Rules Allows configuration of custom matching criteria and tolerance for fields.		No information available
Third-Party Data Integration Ability to easily import data from external sources for reconciliation.		No information available

Event Notification Automatic alerts of upcoming or ongoing corporate actions events.		No information available
Event Processing Coverage Supports diverse corporate action types (dividends, splits, tender offers, etc.).		No information available
Swift MT564 Integration Support for automated processing via SWIFT MT564 messages.		No information available
Customer Notification Automatic notification of clients about their rights and entitlements.		No information available
Advisory and Instruction Capture Ability to capture customer instructions regarding voluntary corporate actions.		No information available
Position Adjustment Automation Automatic updating of holdings based on corporate actions.		No information available
Taxation Calculation Automated computation of tax implications of corporate actions.		No information available
Reporting and Audit Trail Comprehensive logs for all corporate action events processed.		No information available
User-Defined Event Rules Support for user-customizable rules for exceptional event handling.		No information available
Event Processing Speed Average time to process a corporate action event.		No information available

Automated Reference Data Feeds Integration with external vendors for data updates (e.g., instrument master, price feeds).		No information available
Multiple Sources Integration Capability to ingest and reconcile data from multiple sources/vendors.		No information available
Data Validation and Cleansing Automated processes to cleanse and validate incoming reference data.		No information available
End of Day Data Rollup Consolidation and validation of reference data at day-end.		No information available
Custom Fields Support Allows creation of custom static or dynamic fields for reference data.		No information available
Audit Trail Logs all changes and access related to reference data records.		No information available
Bulk Data Upload Import large data sets through batch files (CSV, XML, etc.).		No information available
Entity Hierarchies Handling Tracks parent-child relationships among counterparties, issuers, or instruments.		No information available
Reference Data Latency Typical delay between external data change and system update.		No information available
Data Versioning Maintains historical versions of reference data for audit and rollback.		No information available

Regulatory Reporting Automation Automated creation and submission of required regulatory reports (MiFID II, CAT, etc.).		No information available
Rule-Based Alerting Configurable alerting based on compliance and regulatory thresholds.		No information available
Automated Surveillance Tools Monitors for suspicious activity or market abuse in processed transactions.		No information available
Audit Log Retention Duration of retention for all audit and activity logs.		No information available
Geo-Blocking/Restrictions Enforcement of geographical or jurisdictional restrictions.		No information available
KYC and AML Integration Integration with Know Your Customer and Anti-Money Laundering systems.		No information available
Sanctions and Watch List Screening Automated checking of parties against sanctions lists.		No information available
Regulation Change Management Tools to handle, monitor and adapt to regulatory changes.		No information available
Compliance Breach Workflow Automated workflow for handling and escalating compliance breaches.		No information available
Personal Data Protection Features for data masking and GDPR compliance.		No information available

Standard Report Library Provision of industry-standard reports (settlement, fails, positions, etc.).		No information available
Custom Report Builder Users can build their own reports based on flexible criteria.		No information available
Scheduled Reporting Automated scheduling and distribution of reports.		No information available
Real-Time Analytics Support for real-time dashboards and metrics.		No information available
Drill-Down Functionality Users can drill down from summary reports to detailed transaction level.		No information available
Data Export Formats Support for downloading reports in various formats (PDF, Excel, etc.).		No information available
Ad Hoc Query Support Ability for users to design and run their own system queries.		No information available
Visualization Tools Built-in charting, graphs, and visualization features.		No information available
Report Generation Speed Average time to generate a standard report.		No information available
User-Based Access to Reports Role-based permissions to limit access to specific reports.		No information available

Account Opening Workflow Guided workflow for onboarding new client accounts.		No information available
Account Hierarchy Management Support for complex client account structures (linked, sub-accounts, etc.).		No information available
Account Status Tracking Real-time status updates for all accounts (active, suspended, closed, etc.).		No information available
Client Notification Automation Automatic notifications for events (trades, statements, margin calls).		No information available
Document Management Integration Storage and retrieval of KYC and onboarding documents.		No information available
Client Data Privacy Controls Field-level privacy and access controls for sensitive data.		No information available
Bulk Account Updates Tools for processing bulk updates or changes across multiple accounts.		No information available
Account Event History Detailed record and log of all account activities.		No information available
Multi-Currency Account Support Ability to maintain accounts in different currencies.		No information available
Client Communication Templates Library of templates for regular client communications.		No information available

Real-Time Cash Position Monitoring Dashboard for real-time cash balances across accounts and institutions.		No information available
Cash Forecasting Tools Predicts future cash needs and movements based on settlement cycles and outstanding trades.		No information available
Automated Margin Calculation Real-time and batch margin requirement calculations.		No information available
Collateral Inventory Management Repository and tracking of eligible collateral assets.		No information available
Collateral Allocation Automation Automates allocation of collateral to satisfy margin calls.		No information available
Margin Call Automation Automatic generation and tracking of margin call notifications.		No information available
Shortfall Alerting Real-time alerts for cash or collateral shortfalls.		No information available
Interest Accrual Calculation Automated calculation of interest on held cash and margin balances.		No information available
Cash Movement Approval Workflow Multi-level approval workflow for large or sensitive cash transfers.		No information available
Intraday Cash Projection Updates Frequency of intraday cash projection refreshes.		No information available

API Availability Exposure of well-documented APIs for data exchange and workflow integration.		No information available
FIX Protocol Support Native support for FIX (Financial Information eXchange) protocol messaging.		No information available
Third-Party Plug-In Support Ability to integrate third-party components or plugins to extend core functionalities.		No information available
Custom Batch Interfaces Support for configuration of custom batch file uploads and downloads.		No information available
Real-Time Data Feeds Ability to consume or publish real-time data feeds.		No information available
Bi-Directional Data Sync Supports two-way data synchronization with external systems.		No information available
Web Services Integration Support for REST/SOAP web services.		No information available
Authentication Federation Integration with Single Sign-On and federated identity providers.		No information available
Number of Supported Interfaces Count of standard and custom interface types natively supported.		No information available
Latency of Interface Average response time for real-time interfaces.		No information available

Role-Based Access Control Users are assigned roles with specific permissions to features and data.		No information available
Multi-Factor Authentication Enforces two-factor or multi-factor user authentication.		No information available
Audit Logging Complete logging of user and system activities for security investigations.		No information available
Data Encryption At Rest Data stored in databases and file systems is encrypted.		No information available
Data Encryption In Transit Data transmitted on networks is encrypted via secure protocols.		No information available
User Session Timeout Automatic logoff after a period of inactivity.		No information available
User Access Audit Frequency How frequently access logs are reviewed for anomalies.		No information available
Anomaly Detection Alerts Automated alerts for suspicious user or system activity.		No information available
Segregation of Duties System support for enforcing separation of critical duties among users.		No information available
Penetration Testing Frequency Frequency of scheduled penetration/security testing.		No information available

ION Fidessa from ION Group

Product analysis by function

Back-Office Processing Systems for Operations

Trade Capture and Validation (0 Yes /0 Known /10 Possible features)

Settlements and Clearing (0 Yes /0 Known /10 Possible features)

Reconciliation (0 Yes /0 Known /10 Possible features)

Corporate Actions Processing (0 Yes /0 Known /10 Possible features)

Reference Data Management (0 Yes /0 Known /10 Possible features)

Regulatory and Compliance Management (0 Yes /0 Known /10 Possible features)

Reporting and Analytics (0 Yes /0 Known /10 Possible features)

Client and Account Management (0 Yes /0 Known /10 Possible features)

Cash and Collateral Management (0 Yes /0 Known /10 Possible features)

Integration and Interoperability (0 Yes /0 Known /10 Possible features)

Security and Access Control (0 Yes /0 Known /10 Possible features)