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desalasworks presents:

a selection of works by steven de salas

Markit Commission Manager

Commission Manager is a trade reconciliation tool enabling brokers and funds in the worlds largest financial institutions to settle their commission differences.

The Project

The project involved a standardized platform to aggregate and manage trade information, commission balances and vendor invoices and payments.

Functionality

Markit Commission Manager enables users to reconcile their trading commissions with multiple counterparties and then instruct those counterparties to pay for research and brokerage services – all from a single platform. This efficient workflow eases the administrative burden of managing multiple commission arrangements.

The functionality is centered around trade reconciliation, raising of invoices and managing balance differences.

  • Detailed reporting of balance, trade and invoice information
  • Efficient tools to manage and highlight trade breaks
  • Administrative configurations for new users, tolerance levels, and arrangements
  • Compliance tracking of interactions within the Commission Manager system

Business Partner Integration

In addition, it was necessary to provide systems integration with all broker-dealers that were involved in the project.

Comments on the Commission Manager platform

UserSofia Rossato – Head of Markit Research Manager at Markit

Markit Commission Manager is the latest addition to our Markit Research Manager range of services. Our objective is to enable investment firms to manage their entire research workflow – including sourcing research, tracking corporate access, voting on brokers and managing research commissions – from one single platform to bring greater efficiency and internal visibility to the whole process. Markit Commission Manager is the final piece in the jigsaw. We have partnered closely with BofA Merrill Lynch, Barclays Capital, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan and Morgan Stanley to ensure the platform meets the needs of the industry.

UserFrank Volino – Head of Global Commission Management Services at Citi

This platform is good news for buy-side and sell-side alike. It will allow the buy-side to use a standardised set of tools to manage their commission credits at multiple broker-dealers. We are very pleased to be part of this important industry initiative. This platform is in a strong position to become the industry standard.

Commission Manager in the News


07 Oct 2011
Markit launches commission management platform
http://www.bankingtech.com/bankingtech/article.do?articleid=20000213861


04 Oct 2011
Broker-Dealers Fund Markit’s New Commission Management Platform
http://www.securitiestechnologymonitor.com/news/markit-brokers-commission-29174-1.html

Barclays PEDM Application

PEDM is a commercial application for internal-use of Barclays Private Equity.

This AJAX-based web application is used daily to track information about ongoing and historical deals.

Functional Enhancements to Barclays “Private Equity Deal Manager” application

PEDM version 4.0 release included functional enhancements to support entering post-deal lifecycle investment data including ownership breakdown by legal entity, financial instrument detail and historical transactions.

This release also included some advanced features such as reporting of investment snapshots, portfolio analysis (rate of return calculations) and auditing and version snapshots with roll-back capabilities.

The new ‘Investments’ section developed for Barclays Private Equity Deal manager v 4.0.

The new 4.0 version of Private Equity Deal Manager includes capabilities for adding post-deal Investment information and collating this information for managing a portfolio of Private Equity assets.

Nandos’ End of Day Uploads

A daily upload process carried out by each of Nandos’ stores that copies daily Point-of-Sale information into a central database repository for analysis.

Start of Process

  • Nightly process run by store manager
  • Launched as a popup with pass-though authentication (POST variables)
  • Pushes data from local Point-of-Sale system into central database

Nan

Nandos End of Day Completed

  • Wages Information, Cash Registry & Inventory File uploaded from local till system into central database
  • Data insert using BULK INSERT (TRANSACT-SQL)
  • Data parsing is performed on SQL server using stored procedures for faster execution.

Nandos - End of Day Completed