Why use Quasar™?
We have taken the time to understand that you need flexibility and some options, which enable you to adapt your business appropriately. Our straight through approach delivers automation for every step of the process, or automates what you require right now. We can integrate with third party applications you already have or plan for, or we can provide full manual entry using fully functional, streamlined and intuitive screens.
Quasar™ 6 is completely multi-currency and multi-company. Orders for a complete range of instruments - for private clients or institutional funds - can be entered singly or as block orders.
Orders can be input manually, or automatically - in real-time or batch - from an external third party application via the Quasar™ Deal Connector. As orders are created, they are checked against investment guidelines and limits. These include PEPS and ISA limits, cash balance checks and checks that the appropriate currency dealing accounts are correctly set up. If you want to monitor the order’s status, you can use the Quasar™ Deal Monitor to see what is either outstanding, awaiting execution, has a dealing exception or awaiting confirmation.
The Quasar™ Deal Selector can also be used to confirm “provisional” trades and to cancel or amend any details of a trade.
Quasar™ 6 ensures that if one trade within a large batch order fails the validation tests, for whatever reason, that all the other trades can be processed.
To minimise input, details such as commission rates, charges such as the PTM Levy and Transfer Stamp and settlement instructions are updated automatically.
In addition, trades can be confirmed manually or input as confirmed trades. Alternatively, confirmed trades can be fed automatically via the Quasar™ Deal Connector.
Trade confirmation initiates a whole host of critical processes such as settlement entries, contract note production, portfolio updates and cash account and ledger updates.
Settlement can occur automatically or manually. Pre-lists are available if you need to use them. A full range of settlements software is included in the Quasar™ software. The stock management side can also be handled.
The settlement date can be adjusted, partial settlements are allowed and there is a full range of reporting facilities for both internal and external reconciliations.