Electra

STaARS

Used by more institutional investment managers and hedge funds than any other reconciliation solution

With today's volatile and demanding market conditions, there is an increased need for more frequent and efficient reconciliation processes in order to reduce risk as well as costs. Moreover, your firm needs the flexibility to grow without incurring commensurate overhead costs or risks. To accomplish this, you must incorporate new efficiencies to increase your staff's productivity and resolve settlement problems more quickly.

Efficient processing is critical to your success. You want a proven, responsive vendor you can count on to ensure your operation runs without a glitch, every single day. Post-trade processing is Electra's core business. We exceed industry standards for service quality and value.

STaARS:
  • Opens and resolves exceptions based on your rules
  • Reconciles as often as daily
  • Reconciles more quickly at month-end
  • Reconciles positions and transactions for all security types
  • Reconciles among multiple systems and parties
  • Links related unmatched transactions, positions and cash
  • Automatically notifies appropriate internal and external parties
  • Ages outstanding exceptions
  • Facilitates trend and risk analysis
  • Maintains a complete audit trail, along with notes
  • Utilizes flexible, industry standard, best practice matching rules
  • Is scalable to your needs, running on internal or SaaS platforms
So you can:
  • Resolve problems more quickly
  • Mitigate trading risks
  • Increase efficiencies
  • Gain control of potential risk exposure
  • Fully invest idle cash
  • Enhance your customer service
  • Expedite billing
  • Promote transparency and accountability across your organization
  • Manage your staff's workload
  • Manage your own complex business processes
  • Create your own reports and views of information
  • Never need to hire expensive technical staff
  • Gain a holistic view of your exposures
  • Begin to reap the benefits of STaARS quickly
STaARS workflow diagram
  • User-customizable business intelligence
    • Views, reports, export files
    • Matches
    • Breaks at various levels
    • Trends
    • Risk analysis
    • Staff work load balancing
    • Work flow management
    • Audit trails
  • Data interpretation and matching
    • Define tolerances
      • By unit
      • By percent
      • By date
    • Assign match groups
      • Banks
      • Security type
      • Match level
      • Account type
  • Exception management
    • Interactive
    • Forced
    • Mandatory commenting
    • Automated reporting
  • Four user levels
    • Administrator
    • Supervisor
    • Analyst
    • Specialist
  • Portfolio and trading systems format
    • Custom flat file
  • Custodian and broker formats
    • Custom flat file
    • ISO 15022

Electra is the proven solution for post-trade processing needs, helping institutional investment managers and hedge funds to control operational costs and risk while expanding their businesses.

Experience Electra. Don't take our word for it. Ask our clients.

Solutions
Reconciliation
Data Collection and Aggregation
Post–Trade Communications
Fee Billing and Revenue Management
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