BETA Global is a middle and back-office solution designed to address the mission-critical clearing and settlement requirements of international Wealth Managers, Institutional Brokers and Investment Banks trading fixed income, equities, mutual funds, treasury and derivative products.
BETA Global brings time-critical efficiency, flexibility and innovation using integrated, real-time systems to automate transaction processing, including clearance and settlement, and the electronic delivery of statements and confirmations.
This highly scalable post-trade settlement solution supports both institutional and retail operations, or a combination of both.
Why choose BETA Global?
Multi-Entity
BETA Global accommodates multi-entity business, with the creation of multiple legal/operational entities, each with a different location, base currency, accounting rules, and so on. All entities can then be consolidated back into a single global entity, or fewer regional hubs, for a corporate view of the business.Multi-Currency
BETA Global processes transactions in any currency for global processing.Multi-Asset
BETA Global has a wide product coverage (Fixed Income, Equities, Treasury, Derivatives), with facilities for multi-asset and cross-asset trading. BETA Global can respond quickly and easily to new instruments and business initiatives.Multi-Market
BETA Global offers full support for multi-market operations, with support for third party correspondent clearing or self clearing.Multi-Language
BETA Global is a global system, supporting multiple languages within its user interface and database content
- Real time Straight Through Processing (STP) for reduced operational risk
- Flexible API technology for trade capture from multiple sources, trade enhancements and enrichment, allowing you to easily communicate with your trading partners and markets
- User configurable, fully automated Workflow Exception manager to manage and resolve the real time STP process
- Comprehensive static data populated automatically using API’s from the API library or captured manually through user interfaces
- Security Master, Corporate Actions & Pricing Feeds are all included as part of the BETA Global ASP Service
- Global settlement of cash and stock using Standing Settlement Instructions manager with the flexibility of multiple overrides
- ISO standard messaging with open technology for quick time to market transmission capabilities to multiple settlement platforms and the single settlement engine
- Connectivity to ICSDs (Euroclear and Clearstream), and CSDs via SWIFT, CREST and direct connection
- Transaction matching reporting via TRAX, and file transfer to the FSA’s TRS system
- Confirmation formats with multi-media and multi-style support for multiple addresses
- Charges management for both on and off trade charges with a facility for charges distribution
- Bi-directional CREST interface for real time clearing and settlement
- Fully automated corporate actions processing with event data from market leading sources
- All encompassing real time instruction management incorporating netting instructions
- Stock borrowing/lending with DBV capabilities, revaluation and returns ability, and automated fee processing
- Securities financing functionality - including Classic Repos and Buy/Sell-Backs
- Support for Treasury products - including Loans and Deposits, and Foreign Exchange
- Futures and Options processing for exchange traded and OTC instruments
- Automated Stock and Cash Record/Reconciliation with user defined frequencies
- Multi-currency, multi-entity real time general ledger accounting with a user definable hierarchy supporting multiple balance sheet and P & L formats, and an interface to a corporate general ledger
- Client nominee accounting including depot and overseas custody management
- Client portfolio management with position management and backdated client valuations
- Comprehensive reporting capabilities, including Valuation Reports, Holdings Reports, Safe Custody Reports, Client and Agent Statements and HMRC returns, with the ability to amalgamate client reporting into a single client pack
- Client accounting with a comprehensive ledger coverage
- Cash management, including automatic generation of payment
- ISA administration
- Fees billing
- Stamp processing
- Extensive trade enquiry facilities enable you to enquire over and analyse all aspects of the system. All enquiries have any ad-hoc reporting capabilities via an Excel export function
- A wide range of typical back office settlement reports, and books and records reports
The BETA Global ASP Solution
BETA Global can be deployed on an outsourced, or in-house basis.
The ASP service is hosted at Thomson Reuters’ production data centres where tens of thousands of online users already receive business critical information, ensuring a secure and resilient network. BETA Global uses industry standard service management methodology and the latest open technologies.
The ASP service uses volume based pricing, allowing our customers to align their settlement system expenditure with their business volumes.
Key service benefits include:
- ASP delivery to reduce need for specific in-house IT infrastructure and support staff
- Service support provided by experienced and accredited technical specialists
- London based development and support professionals
- Modern host servers with automatic failover
- Resilient and secure communications network
- Best practice service management methodology
- Proven success in providing solutions for the brokerage market
- A stable and financially sound global vendor to support future plans
- Lower total transaction costs to enable you to remain competitive in the market
The solution would provide:
- The freedom to concentrate on core competencies
- The ability to seamlessly process more business
- Access to leading industry applications and services within a single wrapper
- Capacity on demand to match trading conditions or organic growth
- Transparency of per trade cost versus revenue
- Improved internal controls
- IT cost reduction and other trade related efficiencies
Contact Us
Sales and Support
Tel: + 44 (0) 20 7542 2712
Tel: + 44 (0) 20 7542 0139
Email