Electra Settlements provides multi-platform connectivity through direct access to:
With Electra Settlements, the settlement process is fully automated, giving your operations team the assurance that trades are processed and delivered with the correct instructions. It consolidates all post-trade processing into a single platform featuring a dashboard for automating wire instructions for any and all purposes, regardless of currency.
Electra Settlements aggregates trade data and sends it electronically to your brokers, custodians, prime brokers, clients and other parties using industry-standard and proprietary formats and communication protocols – creating smooth workflows that improve straight-through processing across your operations teams. Electra Settlements takes in trades and finds the best ways to get them out to custodians in an automated fashion – customized to your firm’s unique workflows – and eliminating the need for manual workflows by your staff.
Electra Settlements is used to settle trades for a diverse set of asset classes – from vanilla equities to derivatives, options and futures – and access multiple currencies and central securities depositories (CSDs). Electra Settlements allows a firm to handle the nuances of rules based on custodians, accounts and wrap notifications in different formats, including SWIFT as well as multiple file formats, to work with custodians and deal in complex instruments.