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Brokers/dealers have the flexibility, using SQX, to provide quotes manually or directly from a pricing database. You retain control of the delivery by authorizing your clients to access the prices you post. SQX allows you to deliver timely, accurate prices to multiple clients in one delivery versus the current repetitive practice.
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.
Summary
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 Broker/dealer 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. Utilizing SQX, Broker/dealers receive requests from their fund manager customers for pricing securities. These request appear on the broker/dealer's web page. The list of securities will indicate whether they are to be priced daily, weekly, monthly or quarterly. If a dealer prices the same security for multiple managers you need only price it once and SQX will distribute the price to those managers. At an agreed upon time during the day, (usually between 3:45PM and 4:15PM ET) the dealer can either price these securities manually on their SQX web page, email us a spreadsheet or send us a FTP file (file formats are available upon request).
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