Technology that makes life easier
| Reconciliation |
| The Reconciliation module of TheBooks provides the tools
you need to reconcile your accounts with your clearing brokers. It can
quickly and automatically reconcile trade confirmations, open positions,
and balances. It handles all of the paper work and communication
associated with reconciling your trading activity, leaving you with more
time to research and trade your strategies. |
|
Obtaining equity runs |
| Whether the runs come from bulletin boards, web sites,
EasyLink, or are sent to you over the Internet via email, the
Reconciliation module automates the process of downloading the statements.
Statements are automatically parsed, and their information is extracted as
soon as they are received. The download and parsing status of all
statements is available from any computer in your network and is updated
as changes occur. |
|
Data extraction |
| Because no statements are created equal, the Reconciliation
module provides complete flexibility in symbol translation and market
re-valuation. It allows accounts from multiple statements to be mapped to
a single account and translates and converts all markets, exchange rates,
and quantities to your standards. Contract prices and quantities can be
scaled and inverted, FX trades can be re-stated, and exchange rates can be
scaled and inverted.
The result... all data is presented in a single, consistent format the
way you want it, using the symbols, account numbers, and conventions you
use. |
|
Reconciling accounts |
| To reconcile trade confirmations, simply select
Discrepancies and then Confirms. Trades with differences, trades missing
from the statement, and trades missing from your system are displayed. To
see differences at the FCM level, select the FCM and then click on
Confirms. Reconciling positions and balances work the same way.
If required, multiple people can reconcile at the same time, each working with one or more FCMs. There is even an issue tracking facility to keep track of problems so
they don’t get overlooked on subsequent statements. |
|
Online access to statement data |
| The Reconciliation module also includes an online statement
archive allowing you to recall any statement and its data from anywhere in
your network. There is no need to look for statements in your files. Just
select the date, and you can review all statements and their data for that
day.
Because all extracted data is stored in an ODBC server database, it is
available for you to analyze using any of the popular reporting tools. |
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