Trading Platform Performance Improved 45%

March 12, 2024
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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.
We helped a financial services firm achieve their goals. 
See how we can help you.

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

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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