Sector: Financial Services
Industry: Securities Brokers & Traders
The League Corporation, a proprietary trading firm, deals in interest rate, agricultural, equity index and metals, energy and other futures contracts.
The firm required a solution to reconcile and settle trading commissions on a daily basis. These commissions are based on daily trading activity and are computed at the end of each day. The firm uses a sliding scale to compute commissions and allocate funds to traders and their managers with the remaining allocated to the brokerage house.
Commission Settlement System
The Help4Access Consultants team was selected to develop a customized solution for The League Corporation. The Commission Settlement System allows the import of daily transactions from the Trade Settlement System and reconciles commission payments. Users can also generate a variety of trading summary reports.