Staff from TradeChannel

TradeseC – Integration hub for the financial industry

TradeseC is a highly flexible web based integration platform that connects internal and/or external data submitters with the client’s core system(s).

What

TradeseC has been built in cooperation with TradeChannel’s customers, originally enabling them to fully integrate their external mandates through instant trade capture and reporting at T+0, main purpose to increase scalability, transparency, control and data quality when distributing data to back end applications.

The solution has been extended with functionality and fine-tuned since 2002. Today TradeseC supports integration / distribution process related to;

  • Investment managers for the daily management of investment mandates.
  • Legal T+1 reporting (EMIR, MiFID II, SFTR)
  • System to system integration

Why

By offering a single point of entry and a single point of distribution, the platform enables for efficient integration and distribution processes. TradeseC adds value to the clients by enabling;

  • Time to market
  • Scalability
  • Transparency
  • Audit

TradeseC is a standard solution where all processes deployed are maintained and supported by TradeChannel’s Customer Service.

 

How

TradeseC can be deployed either on site, within the client’s infrastructure. There is also the option to set up TradeseC externally via our hosting partner Ricoh.

TradeChannel provide service offerings such as monitoring, error handling, 1st line support, enabling our clients to focus on their core business.


Data capture/distribution methods

A central part of TradeseC is to facilitate various connectivity means as well as formats. Depending on purpose our clients utilise from either;

WebGUI: The portal is used by either external or internal end users for manual data capture/distributions processes. Data captured is validated to ensure streamlined integration when distributed to underlying systems(s). The portal provides a very high level of transparency and control between parties, it further enables internal data to be exposed to external parties in a secure way.

TradeseC Connect: A utility that is installed within an external infrastructure, it is automatically connected with TradeseC via internet, all communication is driven from the external party and encrypted using standard technology, TLS /x.509 certificats.

sFTP, HTTPs, FTP/VPN, MQ etc: TradeseC supports the connectivity method as required by the external platform provider and/or middleware solution.

WebServices/APIs: deployed based on requirements

Formats: TradeseC supports standard Swift (ISO15022 /ISO20022), FIX messages as well as proprietary XML, .CSV, .XLS formats to be imported.


Supported Modules by TradeseC

TradseC has built in standard modules to support the various processes in relation to investment managers, system to system and Legal T+1 reporting.
Data Import tool (DIT)

The functionality is part of TradeseC Core, it enables import configurations to be user defined per external data provider in the relevant format. DIT supports;

  • FIX, SWIFT, .CSV, .XLS standard /non standard formats to be imported
  • Transactions (Equities, fundorders, Fixed Income, FX, Money market, Derivatives (ETD/OTC)
  • Holdings
  • Validation rules
  • Normalisation
  • Data enrichment
Transaction management module (TMM)

The module enables transactions to be captured manually via Whitelabled webportal or automatically through the DIT module, TMM supports;

  • Equities, Funds, FixedIncome, FX, money market, derivatives (OTC/ETD)
  • Manual tradecapture (single / multi upload)
  • Automatic tradecapture via TradeseC Connect
  • Report distribution
  • Validation
  • Translations
  • Normalisation
  • Data enrichment
  • Distribution
Corporate actions module (CAM)

The module enables different data sources with corporate action events to be imported, validated and distributed to downstream systems. CAM supports;

  • Events such as dividends, rights, mergers/de-merger, split, issues, etc
  • Multiple data sources, to be configured based on client requirements
  • Database
  • Validation rules
  • Normalisation
  • Distribution

Market data module (MDM)

The module enables different data sources with market data to be imported, validated and distributed to downstream systems. MDM supports;

  • Market data such as prices, quotes, indices, reference rates, fx rates
  • Multiple data sources, to be configured based on client requirements
  • Database
  • Validation rules
  • Normalisation
  • Distribution
Static data module (SDM)

The module enables different data sources with security data to be imported, validated and distributed to downstream systems. SDM supports;

  • Request engine
  • Securities data such as equities, fixed income, derivatives
  • Multiple data sources, to be configured based on client requirements
  • Database
  • Validation rules
  • Enrichment of transactions
  • Normalisation
  • Distribution
Reconciliation module (RM)

The module enables different data source to be imported and compared. RM supports reconciliation of;

  • Holdings, Transactions, Bank accounts, General ledger accounts, etc.
  • Configurable match criteria
  • Deviation rules
  • Datamodel

Automatic trade module (ATM)

The module enables transaction status to be mirrored between systems, ATM supports;

  • Two way communication
  • Distribution of trade details for Equities, Fixed Income, FX, Money market, Derivatives (ETD/OTC) between environements
  • Capturing and distribution of trade status between environements
  • Database
Fund order module (FOM)

The fund order module supports;

  • Subscriptions, redemptions, switches
  • Capturing and/or distribution of orders, confirmations and statements
  • Formats: ISO20022, ISO15022, proprietary formats
  • Connectivity: MQ, direct or Webportal
  • Fund desk functionality
  • Validation
  • Monitoring
  • Alerts
Trade report module (TRM)

The module enables TradeseC to distribute tradefiles with the content and format required by retrieving party, TRM supports;

  • Import from multiple data sources
  • Transactions (Equities, Fixed Income, FX, Money market, Derivatives (ETD/OTC)
  • Configurable tradecapture (instruments, datafields)
  • Database
  • Validation
  • Normalisation
  • Enrichment
  • User defined tradereports (content / format)
  • Configurable distribution per recipient (Mail, direct, WebPortal, MQ)
  • Audit and monitoring

Data export tool (DET)

The functionality enables data to be automatically exported with the content and format required to downstream systems, such as;

  • FIX, SWIFT, .CSV, .XLS standard /non standard formats to be exported
  • Transactions (Equities, Fixed Income, FX, Money market, Derivatives (ETD/OTC)
  • Holdings
  • Corporate actions
  • Market data
  • Reference data
  • Validation rules
  • Data enrichment
Legal report module (LRM)

The legal report module is an automated reporting engine, compliant with ESMAs requirements for EMIR. LRM supports;

EMIR

  • ETD & OTC transactions
  • Valuation and collateral updates
  • End of day positions for ETD
  • Compression of ETD end of day
  • UTI update incl. match between block and allocation level
  • Validation against ESMA Data model / Level 1 (2) validation
  • Automatic extraction of data from portfolio management system: SimCorp Dimension
  • Message based communication with Regis TR as trade repository
  • Webportal to identify message status of transactions reported
  • Datamodel
  • Monitoring
  • Audit
  • Alerts

MIFID II – Currently in pilot with Deutsche börse to clarify requirements, to be incorporated as Module in TradeseC by Mid 2017.

SFTR – In scope once the reporting obligation has been defined.

TradeseC Core

The core functionality of TradeseC consists of;

Whitelabled WebPortal for internal / external end users

WebAdminPortal for internal administration i.e;

  • Import definitions
  • Connectivity
  • Report management
  • Users & groups incl. certificates based on TLS, x509
  • Data management
  • Audit & logs

Datamodel to support equities, fundorders, fixed income, fx, money market, derivatives (ETD / OTC)

Search capabilites

Short, med, long term archiving

Filetransfer


Deployment

TradeseC can either be deployed on site or as a hosted solution.

On site

In an on-site TradeseC™ production line there are at least one server installed:

  • One internal server is linking up to the Investment Manager’s internal system(s) and is placed inside the firewall in the company LAN. TradeseC™ is configured so that the internal server is responsible for the data flow between servers.
  • One (or two if load balance is chosen) server(s) are placed in a DMZ environment, this server is communicating with the browser clients. (optional)

The external server(s) are only required if external access is required to the TradeseC clients.

The communication between the browser clients and the external server is based on SSL/TLS. X.509 certificates are used with the SSL protocol (TLS) to encrypt and protect the information against unauthorised access during transfer. SSL TLS gives support both for client and server authentication. In other words, both the client and the server identities are validated. X.509 is a standard for certificates that validate a server or a client.

The communication between the external and the internal servers is based on a replication technique. All ports from outside the firewall are closed and only one port is open from the inside and the port is only accessible from the internal servers IP-address.

Information is imported and/or exported by the internal server using a so-called “pull-push” technique.

Hosted

TradeChannel offers TradeseC as a hosted solution through its hosting partner Ricoh. When hosted a message queue component will be deployed as a service within the clients infrastructure, this to enable a fully integrated environement with clients internal systems though all integration is managed externally.


Contact us

Your questions and comments are important to us. Stop by for a visit or reach us by phone or email. We’ve got everything covered for your needs.