XRHMA Suite & Peripherals

XRHMA(R) Suite & Peripherals

ΧΡΗΜΑ Platform is the complete Broker Systems proven solution implemented in a large number o Greek, Cyprus and Romanian Brokerage Firms.

XRHMA Suite and its peripheral subsystems cover satisfactorily all the modern Banks's and Brokerage Firm’s Operational, Analytical, Information and Communication needs.

The main Platform consists of the following three sections:

  • XRHMA Back / Middle Office,
  • XRHMA Request Server – Application Server, and
  • XRHMA Front office – Multiclient, online trading

The basic characteristics of the XRHMA Platform are:

  • Its modular design, making the total solution offered highly customizable,
  • Its short lead-time for site implementation.

The total system shares a well-designed common database allowing, through the system API’s (XRHMA Request Server middle tier), fast integration to any value adding application (client). This facility is of particular importance to two categories of buyers:

  • The large institutions with established large systems in use such as Banks and
  • The small independent investors wishing to keep their mobility.

Other important characteristics of the system are its independence over instrument, language and currency used.

An analysis of the three sections of the main Platform follows:

 XRHMA (Back Office System)

 XRHMA Back Office System offers the following basic functions:

 a.  General Characteristics

  • Multi currency system
  • Multiple stock exchanges
  • Multiple portfolios per currency (Subaccounts)
  • Multiple Instruments
  • Multiple communication protocols

b. Ordering

  • Multiple Stock Exchanges
  • Multiple Brokers
  • Order Source Administration (Web / WAP / Call Center / M.Q. Series )
  • FIX Protocol with Order Forwarding for all foreign markets
  • Administration of Bind Power with product and customer categorization.
  • On-line Risk Management
  • Mass Order Forwarding
  • Stock Borrowing / Stock Lending / Short Selling Administration
  • Supervisory  control system

 c. Trading

  • Foreign And Domestic Trades’ Administration
  • Commission Plans per product type and order source
  • Expenses per broker
  • Intraday Trades’ Administration (Selective and automated)
  • Slips’ Allocation per customer and Profit Center
  • Slips/ Certifications’ Issuing
  • Bonds and Treasury Bills’ Administration
  • Warrants – OTC Products’ Administration
  • Mutual Funds‘ Administration
  • Other Investment Products’ Administration
  • Repos, Swaps, Own Account Administration
    • Automated Participation of Customers
    • Customer Discounts
    • Issuing of Certifications and other statistical reports.
  • Public Offers and Corporate Actions Administrations for domestic and foreign products
    • Import of Applications (from branch or external collaborators)
    • Calculation of administrative expenses per corporate action.
    • Issuing of Certifications and other statistical reports.

 d. Settlement & Clearing (Domestic And Foreign)

  • Cash Books
    • Multiple Cash Books
    • Multiple Currencies
    • Vouchers Issuing and Audit Reports
    • Automated Bank Transactions
    • Payment Notes
  • Custody Book
    • Multiple Engagements
    • Assignments
    • Registry Updates
    • Registry Comparison
    • Mass Engagements/ Registry Transfers
    • Stock Borrowing / Stock Lending / Short Selling Administration
  • Interest Calculation
    • Interest Calculation
    • Issuing of invoices and other reports for the tax Office,
    • Interest Capitalization
  • Invoicing
    • Administrative expenses, FAX/ Statement forwarding expenses and other charges
    • Credit Invoices
    • Voucher Printing
    • Adjustment of tax mechanism
  • Accounting
    • Legalized Reports
    • Real/ Contra Accounts and Balance of Payment
    • Books of discretionary accounts
    • Special Credit Risk and Capital Adequacy

e. Margin Accounts (On-line real time)

  • Credit Limit Administration per company, collaborator and customer
  • Margin Plans per stock category, group of stocks, dispersion and risk factors
  • Orders with on line control of maintenance calls ή margin calls
  • Alerts for maintenance calls and margin calls.
  • Capital Market Reports
  • Statistical Reports

f. Asset Management

  • Portfolio Management with on line update
  • Portfolio Returns/ Structure
  • Modeling Portfolios
  • Auto Ordering System
  • Communication - Multilingual

g. Automated forwarding of statements

  • Statement
  • Combined or per subaccount in multiple currencies (Customer or reporting)
  • Consolidated statement

h. Security

  • Administration of user rights, group rights with second level signature
  • Activation of second level signatures per right
  • Audit Trail per right

i. Scanning System

  • Contracts
  • Signatures
  • Certificates (Identity/ Passport)

k. Integrated banking environment

  • Cash administration
  • Posting GL entries into the banking core system
  • On-line blocking and buying power calculation
  • Central Bank requirements report

XRHMA Back Office System includes also the following basic functions:

  • Monitoring of the Stock & Derivatives Exchanges conference in Real- time.
  • Evaluation of customers’ portfolios in Real Time, during the progress of the trading session, with indication of profits / losses and system alerts.
  • Technical Analysis on shares prices or indexes plus Fundamental Analysis of quoted companies.
  • News service facility.
  • Handling of customer sub-accounts according to the required criteria (profit center, currency e.g.)
  • Handling of consolidated statements per sub-account in both Local (Greek,Romania) and English language.
  • Connectivity with any branch or Agent using relevant applications.
  • Connectivity with the “Request Server”, the middle tier level of Broker Systems applications, facilitating the interface and interoperability of XRHMA with central Banking Applications or any other client type application as ATM’s, Phone Systems, Web / Wap applications etc
  • Interactive extraction of various statistical data.
  • Full audit monitoring.
  • Detailed MIS reporting.
  • Improved link with the Dematerialized Securities System of Central Security Depository (CSD) and the Automated System of Electronic Trading (ASET) of Stock Exchanges.
  • Handling of special reports for Greek, Cyprus & Romanian Authorities.

Request Server - Multiclient

The Request Server Platform constitutes the middle-tier level of the three-tier application making the ΧRΗΜΑ 2000 platform. It has been specifically designed in order to facilitate the communication between the different systems (Software Platforms) operating in large organizations.

Its strong points are:

The faster communication (Transfer of Requests) combined with increased security and redundancy levels sustained between the linked systems, and the significantly enhanced operational capability given to the peripheral applications (Clients)

Subsequently, the Request Server, due to its modular design, offers enhanced flexibility in supporting the increased variety of communication and information needs of mobile investors.

XRHMA – Derivatives (Special subsystem)

XRHMA – DERIVATIVES is an Integrated Set of specialized Software Tools and Functions originally designed for the needs of the Greek & Foreign Derivatives Market. It covers all common needs for the Front, Middle and Back office operations of Brokerage Houses set by the Clearing & Settlement Authorities for Derivatives, and are easily customizable to any derivatives market needs, rules or procedures.

The tools used are amongst the latest offered in software development. The methodology followed has been in accordance with the latest econometric modeling experience and technical analysis techniques dealing with Risk Management.

The application interface is ergonomically designed and simple, clear and friendly to the inexperienced user and it has been customized to handle SAXO & IB EoD transaction files for further posting and generate account entries and a lot of statistical reports..

Request Server (Application Server)

The communication center of the XRHMA Platform facilitates connection of all peripheral systems to the Data Base. The Request Server Platform constitutes the middle-tier level of the three-tier application making the ΧRΗΜΑ platform. It has been specifically designed in order to facilitate the communication between the different systems (Software Platforms) operating in large organizations.

Its strong points are:

The faster communication (Transfer of Requests) combined with increased security and redundancy levels sustained between the linked systems, and

The significantly enhanced operational capability given to the peripheral applications (Clients)

Subsequently, the Request Server, due to its modular design, offers enhanced flexibility in supporting the increased variety of communication and information needs of mobile investors.

The Request Server has the following functional characteristics:

  • Utilizes all modern Hardware & Software tools and technologies used in data transfer
  • Supports all kinds of software based on Client-Server technology including Internet applications.
  • Offers unlimited capabilities by embodying new operational facilities without requiring changes in the connected clients. Add-on units supporting requests could be in any programming language or software platform supporting Active-X and DCom interfaces, thus offering a large variety of choices in development tools.
  • Offers transparent operation alleviating the need for close monitoring and support by highly trained staff.
  • Offers a high level of security in the transfer of data to/from the linked client applications.
  • Offers a very high level of redundancy reaching up to 100% under certain network design constrains.
  • Allows automatic transition from one server to the next without involving highly trained staff and without making it noticeable to the final user.

Request Server's components allow transferring and viewing data for:

  • Creating new customer entries
  • Security details, basic system details, closing prices, company IPO’s, etc
  • Customer portfolio details: i.e. Current Value, Unrealized / Realized Gains / Losses, other Open Items
  • Dynamic Customer Portfolio updating by Executed Orders
  • Real Time Customer Portfolio
  • Customer’s Order Statements (Contract Notes)
  • Investor’s Cash accounts
  • Investor’s Stocks accounts
  • Investor’s Cash account record
  • Investor’s “valeur” account record
  • Investor’s Repos
  • Investor’s IPO registration
  • Investor’s orders:  i.e. Real Time Order execution Updates
  • Insertion of Investor’s Orders (Full support of OASIS/ARENA – the Automated Trading System of the Athens and Bucharest Stock Exchange)
  • Daily Order Executions by Investors, Users, Profit Centers and Profit Center Groups etc
  • Cash Flow Analysis for all kind of Investors data (Original / Remaining cash account balances, Portfolio valuation, Repos, IPO’s, Closed funds, Derivatives, daily Purchases and Sales)

Additionally the Request Server offers components linking the IBM MQ Series software platform and FIX Server protocol.

Multi-client’s Scope

XRHMA Multi-client is a desktop Win32 application especially designed for distant (users) investors. It utilizes Microsoft’s DCom technology via the RS Module. Its functionality offers particular advantages to the average professional user in a Brokerage house or an Order Forwarded Agent (e.g. its dynamic portfolio facility satisfies the need of professional portfolio managers to hold a realistic picture of the direct value changes in their Client’s portfolios, whilst it carries through orders or informs for the execution value of the products making the concerned portfolio).

Lighter versions of the application cover similar needs of private investors managing their own funds through Internet.

Functionality

  • Direct Order transfer to the Stock Exchange and real time direct updating of all order executions. Order transfer is done either directly through ODL API, or through a disk.
  • Direct updates of all data values concerning investment products.
  • Real time views of portfolio’s values realized after every order execution.
  • Real time views of investor’s cash flows and balances of their portfolio content changes on total product mix and value, remaining cash balances, number of executed orders and realized gains/losses, IPO’s registration, Mutual fund stakes, Derivatives, Bonds etc
  • Market Order print outs
  • Daily execution statement print outs with data selected and grouped in any desirable form or level of detail (e.g. Investor, User, Profit Center, Group Profit Center etc) drilled out from XRHMA database.

Additionally, the Multi-client allows users to Static Views of:

  • Investor’s cash/valeur account records, securities account records, IPO participations etc or
  • Stocks related information such as the final number of daily Orders and Executions, IPO registrations, Historic Closing prices, Higher - Lower values, Daily Transaction volumes etc

 Security module 

A full security module is used by the central system administration for setting access barriers or for entering and using the functions and applications of XRHMA platform according to each user’s predetermined rights.