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Positions Management

In most cases, new or existing broker dealers utilize a “fully disclosed” relationship with their clearing firm, which means that the clearing firm will provide start of day files which allow the middle office solution to do nightly Positions reconciliation which our system does perfectly.  The middle office solution is completely the intraday “golden copy” system of record and at the “End of Trading Day” a file sent to the clearing firm that synchronizes the 2 systems.  In the case where the broker dealer utilizes an Omnibus relationship with the clearing firm, our system allows to run in Position override mode where the middle office solution is both the intraday and overnight golden copy for positions and orders.  When running in this mode, the system allows editing of positions, orders at the field level (quantity, price, etc) for events such as corporate actions.