Solutions

Straight-Through Processing

Speed, efficiency and accuracy are important to hedge funds, especially when it comes to data entry and moving data across systems. In addition, middle and back office teams do not want to spend time re-entering or importing trades, positions and market data into multiple systems, given the potential for processing delays and keying errors. Trade origination, end-of-date security master set-up, pricing and trade or position data submission are also potential targets for automation.

MIK Differentiator

MIK has built and deployed STP functionality, and integrated market data, order management, risk and accounting systems in order to speed up decision making and to decrease errors from the re-keying of orders. MIK uses programmatic interfaces whenever possible to link various system. Programmatic interfaces, provided by your third-party application vendors, offer more robust integration points over file-based tools. Our approach enables you to get exception alerts and failure notifications and allows you to move data automatically or on demand.

Some examples of Straight-Through Processing:

Automated pre-processing data validation
Sharing of information across applications and with the data warehouse
Automation of data reconciliation and reporting
Pricing, position and transaction feeds
Automation of regulatory filings