Broker / Dealer Features

Transaction Processing

ECTX technology has a sales-order-processing messaging engine that manages all requests for buying or selling an instrument. The quote requests and order placements are routed to the appropriate dealer desk or "auto-quoter" for confirmation and execution. Messages can be routed on a market by market or dealer / client ownership basis and by specified groupings set by the broker. When the clients orders are executed, it receives an electronic trade confirmation with all details. Clients have the ability to view and report their transactions in their base currency.

Ticker / Price Feed / History

ECTX technology provides a real-time price ticker which handles real-time prices as they are received directly from the Market. These prices are fed into an instrument tray, real-time graph, open positions and historical charts in real-time. The instrument tray displays the Instruments the client is interested in monitoring. It permits up to 20 currency pairs to be selected and monitored at any one time. Currency pairs can be added or deleted from the list with ease. Multiple profiles can be set up with different instruments so if more instruments are required other profiles with new layouts can be created. The history charting allows 6 historical graphs to be displayed per Instrument in real-time. The graphs are updated in real-time via the real-time price ticker. These graphs can be individually configured allowing the set-up of different time scales, or different instruments.

Communication / Chat

ECTX technology provides communication / chat capabilities allowing the real-time communication between client and dealer. The dealer can broadcast messages or alerts and the client can chat with the dealer on a "one to one" basis.

Credit and Risk Management

ECTX technology has fully integrated credit and risk management capabilities. The order watcher, margin watcher and counter party blotter components allow the real-time monitoring of trades to ensure that customers have not exceeded their credit limits. They automatically prevent further trading once a client's credit limit has been reached and they can evaluate trade transactions and calculate both individual positions and risk exposure across all markets and credit limits. In particular, the counter party blotter provides risk exposure management whereby any exposure can be off-set automatically by setting exposure limits and or acceptable "house-risk". ECTX technology will either alert the broker / dealer of the situation or, if switched to automatic, will request a quote from the market in readiness for a trade to be executed. Ultimately, the broker / dealer has the agility it needs to support the minute-by-minute risk decisions required in the trading environment.

Back-end Billing and Processing

ECTX technology provides a back office accounting component enabling the full administration of an on-line trading operation. It provides real-time position keeping, account summary as well as trade tracking, history and reporting. It is designed to handle unlimited numbers of brokers, clients, trades, or pool accounts and sophisticated instruments. The system is completely automated and includes automatic currency conversions. The broker is able to automatically email clients their statements as well as access and maintain the back office remotely. Our back office accounting component is designed to ensure that all charges and commissions for a trade are tracked and recorded and that books and records are kept in accordance with regulatory guidelines and accounting standards.

Matching and Execution Capability

ECTX Matching and traded execution technology enables negotiation of anonymous transactions in the inter-bank market for Forex and preferred Stock Trading Execution Partners for the Stock Exchange Market.

ECTX technology in concert with our preferred Counter-Party or Execution Partners, can:

• Service Execution Partners who offer first-in-first-out queue to make a bid or offer, and act on first in bid or offer orders
• Automatically gives these participants priority in the subsequent part fills for that transaction
• Maximize liquidity thus driving the market toward best price

The rules-based Matching system is at the hub of ECTX technology platform. It crosses orders of multiple buyers and sellers within the Brokers own liquidity pool. Those orders not matched by the system are automatically registered with the Execution Partners liquidity pools who process on a FIFO basis the bid or offer.