Collaborating with the Industry to find solutions to our most pressing operational challenges

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Brokerage Advisory Committee

The Brokerage Advisory Committee meets monthly and discussions focus on two key areas:

• Functionality to be added to the strategic roadmap of the FIA Tech brokerage platforms
• Brokerage settlement rates

Historically the BAC has advised FIA Tech on ETD related brokerage matters. During 2021 the BAC will continue to discuss ETD brokerage but will also start to focus on brokerage in other product areas such as US Listed Options and bi-lateral OTC.

Goals:
• Identify Industry issues in Brokerage across all product sets of interest
• Determine technology /process solution required
• Prioritize work items, agree requirements, and agree strategic roadmap of delivery

Representatives will be senior expense management/brokerage Ops staff

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Fees & Commissions Advisory Committee

This Committee discusses the needs and issues the Industry faces in the Fees, Commissions, Brokerage, and Interest areas and how specifically FIA Tech products can resolve the existing issues and create efficiency for the future.

Goals:
• Identify Industry issues in Fees, Commissions, Brokerage, and Interest areas
• Determine for each issue if there is a technology solution FIA Tech’s ETD Comms, Fees & Brokerage initiative can solve (some solutions will likely involve both tech and industry wide/firm process change)
• Prioritize these work items, agree requirements, and agree strategic roadmap of delivery

Representatives ideally fall into four user sets :
• Sales orientated, involved in quoting/reviewing client commission, fee, and interest schedules
• Operations orientated, involved in commissions, fees, and brokerage settlement, static entry, reconciliation
• Client service orientated, involved in answering client queries on these topics, understanding of issues clients see created by either the client or FCM processes
• Product, for their view of the process as a whole

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Give-up Collaboration & Risk Advisory Committee

This Committee focuses on the needs and issues the Industry faces in the Give-Up/Take-in/Allocation workflow. This includes the both the processes involved and the management of their associated risk. The Committee advises FIA Tech on the needs and relative priority of functionality required of the FIA Tech product set in this space.

Goals:
• Identify Industry needs and issues in the Give-up/Take-in space
• Determine for each issue if there is a technology solution FIA Tech’s platform can solve (some solutions will likely involve both tech and industry wide/firm process change)
• Prioritize these work items, agree requirements, and agree strategic roadmap of delivery

Representatives ideally fall into four user sets :
• Operations orientated, involved in the give-up/take-in and allocation space
• Product, for their view of the process as a whole

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Reference Data Advisory Committee

This Committee meets monthly and discussion topics are related to static reference data requirements for the ETD industry.

Goals:
• Identify Industry issues/needs in the ETD static data space
• Focus areas:
–Product specifications attributes required from execution and clearing (venue hours of operation, reg & exchange grouping, trading information, settlement & delivery) perspective
–End-of-Day Pricing
–Product code mappings (X-Ref Symbology)
–Exchange Event Management (Corporate Actions, Credit Events, Cash and Collateral)
• Determine technology and process requirements for each focus area
• Prioritization of work, requirements, and agree strategic roadmap of delivery

Representatives ideally fall into several user sets:
• Data management, those who own or work on an internal reference data platform
• Execution orientated to understand data requirements from an execution perspective
• Operations orientated, understanding of reference data required in settlement, deliveries, margining, and reporting of trades
• Risk orientated, for providing perspective on all risk related data requirements
• Product, view of the data requirements from a front to back perspective

Contact Us

For general inquiries regarding Accelerate:

Call: 1.202.772.3000

Email General Client Support: clientservices@fia-tech.com

Review

General inquiries regarding Atlantis

Call: 1.202.772.3000

Email Atlantis Support: atlantis.support@fia-tech.com

General inquiries regarding Docs

Call: 1.202.772.3000

Email Docs Support: docs.support@fia-tech.com

General inquiries regarding OCR

Call: 1.202.772.3000

Email OCR Support: ocr.support@fia-tech.com

General inquiries regarding eRecs

Call: 1.202.772.3000

Email eRecs Support: erecs.support@fia-tech.com

General inquiries regarding Databank

Call: 1.202.772.3000

Email Databank Support: databank@fia-tech.com