First Capital Equities launches IronOne’s ATRAD Broker Back Office automation system
Friday, 28 February 2014 00:38
First Capital Equities Ltd., selected IronOne Technologies’ “ATrad” Broker Back office solution for automating and upgrading the broker back office operations at First Capital. ATrad is the leading broker back office solution in Sri Lanka with over eight implementations to date.
The ATrad Broker Back office provides a comprehensive set of features to automate the business processes of a broker firm from the customer application stage through to the complete customer life cycle. The broker back office is able to deploy secure access to all its staff including those located at remote field offices for completing the stages of business process flows through this system and therefore maintains customer competitiveness. This technologically superior product uses Java JEE technology with Oracle database back end for its technology solution.
“The back office is almost the most vital aspect of the brokerage operations. While trade is the backbone of a securities firm’s business, it is the back office that keeps track of the relationship and delivers the accounting and settlement that completes the deals.
The solution provided to First Capital offers complete functionality for mid and back office operations and integrates seamlessly with its front office software that has direct market access. The software is high on inter-operability and works well with leading front office software. The package is ideal for retail and institutional broking houses dealing in equities, and other instrument segments,” said Vice President of IronOne’s stock market solutions division Tiranjan Bulankulame.
First Capital Equities CEO Seedantha Kulatilake also stated: “The ability of IronOne Technologies to successfully migrate our back office system (Stockpro) data to the ATrad system, together with the automation of trade confirmations, portfolio reports, recording rights issue transactions and its reputation in the market for continuous system support were key attributes for the selection of IronOne as our preferred back office platform provider.”
IronOne Technologies CEO Asia Pacific Lakmini Wijesundera stated: “We are pleased to extend our services to First Capital Equities. This is indeed a testament of the trusted and reliable service IronOne’s ATrad has provided to the broker community being the only firm in the country that offers the complete trading, back office, accounting and margin trading solutions to our clientele.”
IronOne Technologies provides software solutions such as online trading, broker back office and margin solutions. Its stock market solutions products have been servicing the capital markets in Sri Lanka for over 10 years and its back office business holds the largest market share in the country. It also has enterprise and mobile solutions for banks, insurance, telecom and general corporations, which are available on Apple iPad, iPhone and Android mobile devices.