Trading Platform Performance Improved 45%

45%

Performance Improvement

The solution has saved the client considerable time (45% faster), effort, and costs associated with trade corrections.

25%

Lower Costs

The client is now able to analyze historical data to identify trends in corrections and accurately forcast and budget for anticipated corrections.

10x

Trade Analysis

The increase in trade correction has lowered costs and liability, and the client is now more competitive within markets served.

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The Challenge

A financial services firm with a leading trading platform set out to automate trade reconciliation (identifying and correcting trades made in error or incomplete) as their existing process required manual intervention and lacked historical reporting. They found proposed solutions costly and cumbersome, and less expensive solutions couldn’t scale.

The Requirments

Visibility

Track open trade corrections and report on the frequency, trade types or partners.

Accessibility

Enable access for employees & independent wealth managers.

Flexibility

Expand features aligned with change management practices and provide anonymous.

Scalability

Establish a common and extensible platform and data structure.

Company

A financial services firm with a leading trading platform.

Industry

Financial Services

Technologies Used

Power Automate
Power Pages

Project Snapshot

Needs

An affordable, automated trade reconciliation solution

Support internal and external users

Goals

Improve corrections speed

Collect data for audit and predictive analysis

Results

Considerable reduction in time and effort

Decreased costs and liabilities

Ability to analyze trends and anticipate corrections

“We hit the trifecta of results with Rockhop. By speeding up trade corrections we’ve managed to increase customer acquisition, decrease customer attrition and drive operation efficiency all at the same time.”

VP, Information Technology

The Solution

Rockhop designed a solution using Power Pages and Power Automate to facilitate and automate the trade corrections process. The solution allows external, anonymous users to submit trade corrections and internal users to validate and complete the corrections where appropriate. The solution also incorporated verification communications back to the requester to confirm and create an audit trail for corrections.

The Results

The client is now able to analyze historical data to identify trends in corrections and accurately forecast and budget for anticipated corrections.

This solution has saved the client considerable time (45% faster), effort, and costs associated with trade corrections.

The increase in trade correction has lowered costs and liability, and the client is now more competitive within markets served.

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(720) 263-1623

75 Waneka Parkway Lafayette, CO 80026