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Broker System S.A. currently serves brokerage firms and other market participants that are active mainly in the Greek, Cypriot and Romanian capital market. These markets have demonstrated increased rates of growth in the recent past, while the Athens Stock Exchange has recently implemented a lot of new products. During the last years these stock markets have produced substantial positive returns following the course of international bourses. It is widely believed that these markets present significant further growth opportunities, a development that can enhance the company’s business.

  
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Company News & Announcements 

 

October 2017  -  Design and development of a new interface with MT4 platform which incorporates all trades and other financial transactions into XRHMA for further posting, reporting and accounting processing.

July 2017 – Design and develop all required changes to fully cover FATCA & CRS reporting requirements through XRHMA BackOffice. FATCA & CRS Reporting is a new methodology in tax information reporting. Globalization, emerging markets and increased regulation are transforming the global tax framework and present complex and arduous challenges for financial institutions around the world. The Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) present significant structural changes in governments’ efforts to improve global tax compliance.

November 2016 – Broker Systems SA is certified by TUV Hellas for a Management System as per ELOT ISO/IEC 27001 : 2013. The company applies a Management System in line with ISO 27001 : 2013 for the scope of: Design, Development, Sales & Technical Support of Integrated IT Solutions.

June 2016 - Market Abuse, a new application for monitoring in real time and streaming mode all the trading activities, generating alerts and filters related to orders, volumes %, trades etc. has been designed and developed. It is provided as a separate application on the top of HERMES infrastructure and is connected directly with XRHMA Trading application and datafeed providers. The Market Abuse module monitors and analyzes the trading activities and the related reference market and instruments in real time / streaming or historical data and tries to identify potential attempted market abuse, market manipulation and insider trading activities allowing proactive management and rule enforcement.

December 2015 - Migration of Laiki Financial Services to Bank of Cyprus - Migration of Laiki Financial Services to Bank of Cyprus (CISCO), including trading, financial, accounting and historical data, for customers, trades, accounts and general ledger entries. All data were cured and incorporated to existing CISCO database and were synchronized with all peripheral subsystems and procedures. The new XRHMA release has been implemented to CISCO, including among others, completed interface with Bank Host System, Fix connection with foreign customers, accounting Store and Forward mechanism with the banks books, transaction management, accounting entries generation, Statements & Reporting, customized functionality and special functions to ease users on their daily operation.

August to October 2015  -  A lot of customized external reports and interfaces have been added to existing XRHMA Suite covering requirements of Central Bank of Greece, Hellenic Capital Market Commission, Tax Authorities and  Judicial authorities. Also a special reporting module and interface has been implemented to cover specific requirements of the Hellenic Deposit and Investment Guarantee Fund  (TEKE) for the deposit guarantee and investment compensation schemes such as compensation to depositors,  compensation to investors/customers of credit institutions and financing for bank resolution measures.

March  2015 - XRHMA Derivatives enriched with Online Trading functionality and adapted to XRHMA, Multiclient & ANDROMEDA platform. XRHMA Derivatives functionality was implemented into XRHMA Integrated Financial Platform. Also the design and development of Derrivatives Online Trading was completed and it was adapted to existing XRHMA/Multiclient Online trading platoform. Derivatives trading application supports online realtime trading functionality, online margin calculation (RIVA), full security / business rules user's permissions and it was adapted to ASE Derivatives gateway and to existing ANDROMEDA online trading platform. (Enrichement)

January 2015  - Designing, Developing and Implementation of Andromeda Online Trading for Local and Foreign Markets, as well as for Local Derivatives Market. The new Andromeda application (IBG Trader Plus) is enriched with realtime & delayed datafeed, enabling users to view any market symbols during the trading session and also provide users with all available information such as confirmations and statements. IBGTraderPlus is also accompanied with CerBeruS application, for PIN generation and management, Content Management and datafeed parameterization. 

 

February 2014  - A new XRHMA release has been implemented to Solidus Securities, including among others, completed interface with Interactive Brokers for Equities, Derivatives, Forex etc., transaction management, accounting entries generation, Statements & Reporting, customized functionality and special functions to ease users on their daily operation.


January 2014  -  Rerouting of PostBank orders to Eurobank Equities - A new order routing model has been designed and implemented to cover PostBank needs after the recent migration with Eurobank. Orders received via network and e-trade platform of PostBank are redirected to Eurobank Equities through XRHMA Fix Engine (Ariadne), for further processing and forwarding to ASE. Additionally the clearing & settlement process of PostBank with Central Depository have been adjusted to new procedures through OTC message generation process.


November 2013  -  Migration of Proton Bank to Eurobank including Clients static data, portfolios, trades and financial transactions.


November 2013 - An enhanced version of XRHMA Custody has been implemented to BCR Romania, including among others SWIFT generation & Corporate Actions notifications, multiple ways of client portfolios evaluation and new customized reporting.


November 2013  -  A new application ‘Arbitrage Basket Trading’ has been designed and implemented to production covering Pantelakis Securities customized needs.


October 2013  -  Migration of ProBank to National Bank of Greece Bank including Clients static data, portfolios, trades and financial transactions.


September 2013  -  Migration of Bank Of Cyprus to Piraeus Bank including Clients static data, portfolios, trades and financial transactions.


June 2013 - Migration of Emporiki's financial data to Alpha Finance – Emporiki’s Customer static & financial data were cured and migrated under specific business rules into Alpha Finance XRHMA database. Additionally Athens Central Depository and Alpha Bank’s database were updated accordingly from XRHMA with the relative data.


May 2013 - Rerouting of Bank of Cyprus orders to Piraeus AXEPEY – A new order routing model has been designed and implemented to cover Bank Of Cyprus needs after the recent migration with Piraeus Bank. Orders received via network and e-trade of Bank of Cyprus are redirected to Piraeus AXEPEY, for further processing and forwarding to ASE.


April 2013 - Pantelakis AXEPEY – Designing, Developing and Implementation of Andromeda Online Trading for Local and Foreign Markets, as well as for Local Derivatives Market. The new Andromeda application (TradeDirect) is enriched with realtime & delayed datafeed, enabling users to view any market symbols during the trading session and also provide users with all available information such as confirmations and statements. TradeDirect is also accompanied with CerBeruS application, for PIN generation and management, Content Management and datafeed parameterization.To complete Pantelakis AXEPEY marketing presence through internet, a new Company’s site, based on CMS, which is located at www.pantelakis.gr is developed, having a lot of user maintainable capabilities.


March 2013 - XRHMA SMS module was enhanced to communicate for SMS transmission to CYTA infrastructure and this functionally was implemented to Argus StockBrokers Ltd, Nicosia, Cyprus.


February 2013 - XNET BackOffice subsystem to handle, settle and clear foreign transactions executed through XNET network, is implemented to Orange Partners, Pegasus, HellenicAmerican, Eurotrust, Capital & Argus StockBrokers Ltd.


Janyary 2013 - Mobile Infrastructure for iPhone, Android & WindowsPhone – The middleware which manage the communication between any mobile devices and XRHMA database was extended to cover all OS devices such as iPhone, Android & WindowsPhone.


December 2012 - Installation Certification and Implementation of XRHMA Derivatives BackOffice & Derivatives online trading platform, to MegaEquity KEPEY (Cyprus), through existing XRHMA / Multiclient infrastructure, plus adaptation and interfacing with ASE Derivatives gateway.


November 2012 - XRHMA Derivatives functionality was implemented into XRHMA Spot Platform. Also the design and development of Derrivatives Online Trading was completed and it was adapted to existing XRHMA / Multiclient Online trading platoform. Derivatives trading provides full trading facilities, online margin calculation (RIVA), full security & multiple business rules and it was adapted to ASE Derivatives gateway and to ANDROMEDA online trading platform

October 2012  -  Migration of EFG Eurobank Securities Bucharest, Romania operations, to BancPost Bucharest including curring and convertion of existing XRHMA database and adaptation of XRHMA functionality to Host Banking system.


September 2012  -  Implementation of Interactive Brokers (IB) interface with existing XRHMA infrastructure to ALPHA Finance and produce all necessary reports and accounting entries
August 2012  -  Installation Certification and Implementation of Fix engine ARIADNE to LAIKI Bank, Cyprus including one active incoming fix gateway linked SAXO Bank online trading platform
July 2012  -  Implementation of Mobile Trading for ALPHA Finance and adaptation to existing ANDROMEDA online trading platform and XRHMA infrastructure.
June 2012  -  Installation, implementation and adaptation of ANDOMEDA II online trading plaform for BCR Bucharest, Romania. Additionally certification and adaptation of ANDROMEDA interface were performed including links with BSE through Arena gatewy, with Host Banking system through XRHMA Connect and  with FIX engine ARIADNE, providing to retail clients and branches full automated online trading facilities for local and international markets.
May 2012  -  Installation  HERMES LogFIX Monitoring Application and adapt it to existing FIX engine ARIADNE configuration at Banca Commerciala Romana - Bucharest,.

 

 Additionally the ALERT - Market Making application was installed, implemented and connected to existing Arena gateway infrastructure. 


April 2012  -  Installation Certification and Implementation of Fix engine ARIADNE & Daedalus II to AXIA Ventures KEPEY (Cyprus)  with two active incoming fix gateways
March 2012  -  XRHMA was adapted to support XNET functionality for Trading, BackOffice and Accounting processes.
December 2011  -  XRHMA was adapted to support New Taxation changes announced by the Ministry of Finance.
November 2011Installation of XRHMA Suite & its peripherals subsystems to DYNAMIC Brokerage Athens including adaptation to existing website and Dynamic’s network. Conversion & Migration of old records since 1/1/2001 wa performed into XRHMA database and for all customer and transactions data was perform a detailed curing.
October 2011  -  New XRHMA Suite, Request Server & e-trade application, to support ASE transition to 4-decimals for ASE trading. ODL changes to support ATHEX G/W v1.1 
Septeber 2011  -  New XRHMA Suite released to support changes of Central Depository regarding the new settlement process.
June 2011  -  Installation of XRHMA Suite & its peripherals subsystems to ALPHA Finance, Athens environment.  

 

Additionally were installed the following applications:

  • Request Server & Multiclient
  • ODL for order forwarding to ASE
  • Andromeda online trading platform
  • Company Website
  • Cerberus CMS, Pin & Token management system
  • MultiBranch for Alpha Bank network
  • CDI for customer synchronization
  • FIX Engine ARIADNE for incoming & outgoing ordering
  • Daedalus Advance Trading Strategies system
  • Hermes Monitoring, Log & Alert System
  • Xrhma Connect to interface with the Bank’s host system
  • Xrhma Mobile Middleware

Conversion, Curing & Migration of old records since 1/1/2001 was performed into XRHMA database and detailed optimization for all customer and transactions data, including contacts was performed too, plus categorization and foreign markets parameterization. 


March 2011  -  Installation of XRHMA Suite & its peripherals subsystems to NBG Securities Bucharest, Romania and its functionality was adapted to local legistration, to Tax Authorties proceedures and to Central Bank & GNVM requirements. Conversion & Migration of old records since 1/1/2001 was performed into XRHMA database and also detailed curing for all customer and transactions data was performed too
January 2010  -  Installation and Integration of XRHMA Suite & its peripherals subsystems into the environment of Solidus Brokerage in Athens. Conversion & Migration of old records since 1/1/2001 was performed into XRHMA database. Also  detailed curing for all customer and transactions data including contacts was performed plus customers categorizing and foreign markets parameterization.
September 2009  -  Installation of XRHMA Custody Management System at Banca Commerciale Romana Bucharest Romania. Additionally customers' and transaction data were migrated into XRHMA CMS.  The following subsystems were implemented into Production :

 

  • Xrhma Connect to link XRHMA Custody and Bank's Host system  (SibCor)
  • Xrhma Swift Engine for handing incoming and outgoing swift format messages
  • GL Interface to generate and forward to Host System Accounting entries
  • Special designed web pages for clients contracts management 
    June 2008  -  Installation of XRHMA Suite & its peripherals subsystems to LAIKI-CLR Nicosia Cyprust.

Additionally were installed the following applications:

  • Request Server & Multiclient
  • ODL for order forwarding to ASE
  • Xrhma Connect to interface with the Bank’s host system
  • GL Interface with Laiki Bank’s Host system

Triple migration of data between different entities (Laiki Popular Bank, Egnatia Securities & CLR Securities) was performed followed by:

Conversion, Curing & Migration of old records since 1/1/2001 from three different databases into XRHMA and also for all customers and transactions data was performed detailed optimization. 


April 2008  -  Installation of XRHMA Suite & its peripherals subsystems at BCR Securities Bucharest, Romania. Additionally implemented into Production the following applications:

 

  • Request Server & Multiclient
  • ODL for order forwarding to ARENA
  • Andromeda online trading platform
  • Xrhma Derivatives and GL entries generation
  • Webpages for clients’ contracts managemnet
  • FIX Engine ARIADNE for incoming & outgoing ordering
  • Hermes Monitoring, Log & Alert System
  • Xrhma Connect to interface with the Bank’s host system (SibCor) 

 

Support Team 2010

Support Team of Broker Systems (2010) as they appear from the left:

  • Dimitris Miliakis
  • Nikos Staikos
  • Dimitra Mitrou
  • Maria Rouklioti
  • Kyriakos Kyriakos
  • Eleftheria Antoniou

Support Team 2001

The Legendary Support Team of Broker Systems (2001) as they appear from the left:

  • Nancy Pouliou
  • Katerina Mpoididou
  • Irene Marinou
  • Efi Draggioti
  • Emmanouela Pentheroudaki
  • Chara Vassilopoulou