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We surveyed our customers to identify the reasons why firms use TheBooks
as the core of their operating software environment. Here are many of the most
frequently mentioned reasons:
- Automatic trade, position, and balance reconciliation with clearing
brokers
- Reduced expenses as compared to out-sourced back office functions.
- Dramatic reduction in time and effort required for reconciliation.
- Consolidation of multiple systems and databases into a single,
company-wide system with a unified database of trading and performance
information.
- Streamlined counter-party notification of trading activity.
- Ability to expand the range of instruments traded without the need
to wait for in-house system development.
- Real-time position updates and valuation providing improved risk
management.
- Ability to make back-dated trade changes and journal entries.
- Automatic daily NAV calculations with daily, monthly, and yearly
returns.
- The ability to obtain closing prices earlier for use in order
generation.
- The ability to provide any level of transparency required by the
investor and to deliver the information in the format and via the method
they require.
- Real-time access to performance information via web-enabled cell
phone.
- Increase the number of accounts, clearing relationships, and
execution relationships without any associated increase in manpower.
- The ability to track positions and performance by system as well as
net to the street without the need to double-post trading information.
- Multi-user capabilities removed operational bottlenecks associated
with previous system.
- Ease of integration with existing order generation systems.
- Built on Microsoft’s SQL Server™ database which provides a stable
and reliable platform able to handle the largest advisors.
- Ability to maintain all historic trading and performance information
in a single repository with the ability to report on any date range.
- Remove the risk, expense, and inflexibility associated with in-house
developed and maintained systems.
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