Money managers and pricing analysts have access to quotes either on-line or in downloadable spreadsheet format that can be loaded directly to an accounting system. The SQX system eliminates miscommunication and transcription errors, speeds up the collection of end of day pricing quotes and creates an audit trail. Instead of having to wait until the next day to see evaluations of hard to price securities, price is available as soon as the broker enters them.
The SQX delivery system is fast, secure and efficient.
- • Does away with time wasting phone calls and faxes
- • Eliminates errors caused by miscommunication
- • Provides one quote to multiple fund managers
- • Supplies previous quote for validation.
- • Stale price indicator.
- • Maintains a historical database for audit purposes.
- • Prices can be down loaded manually, by spreadsheet or by an FTP file.
The Benefits of using SQX
SQX automates communication
SQX provides worldwide electronic communication of security evaluations between pricing analysts, broker/dealers and custodians. The system eliminates redundant phone calls, lost faxes and miscommunication between fund accounting operations and the broker/dealer community. By utilizing SQX there will be error free, secure and confidential communication between security evaluation providers and users of the information.
SQX reduces costs
Eliminates time wasting phone calls and streamlines the gathering of evaluations for difficult to price securities, which frees up resources for more productive use. Our system takes care of information requests to brokers who you designate. There is no concern that a fax did not arrive or that a phone call is imminent.
SQX is ideal for global pricing
SQX is convenient for clients who have overseas investments that require delivery of quotes from foreign broker/dealers. There are no additional costs for communication. Time differences do not present problems when prices are available globally. SQX is available anywhere there is access to a phone line and the Internet.
SQX integrates with your current system
SQX supports industry standard file layouts so that there is no need for redundant keying of evaluations into your current fund accounting system. We also provide customizable layouts for non-standard applications.
SQX requires no new hardware
Clients can access SQX with any computer that uses standard web browser technology.
SQX technology streamlines end-of-day processing of difficult-to-price securities. Utilizing the latest Internet technology and sophisticated database design we make certain that your operations are made more efficient, errors are reduced and productivity is enhanced.
How it works
The Pricing Analyst will be assigned a User Name and Password to log into their SQX web page. This site is a secure site making use of SSL encryption technology. The opening page allows you to click on Edit Requests and input your cusips, designate a pricing broker and indicate the frequency; daily, weekly, monthly and quarterly. The designated pricing broker will see your requests on his SQX web page. He is asked to price these securities between 3:45pm and 4:15Pm ET. When priced, you will see them posted on the analyst web page. There are three ways of receiving these quotes; download them via a FTP file directly into your accounting system (file formats are available upon request), click on the download icon and download them into a spreadsheet or print the web page.