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Banking

Best site for cash equity settlement

Best site for cash equity settlement
Dresdner Kleinwort Benson

Opts tracker is Dresdner Kleinwort Benson’s attempt to bring the often ignored but vital back office into the e-finance world. The system is an online application that provides clients with real-time information about their cash equity trades in progress. It shows the life cycle of a trade from the time it is executed through to when it is settled.

Security and access to the system can be gained after the necessary digital certificate has been acquired. Clients access opts tracker through DrKB’s Online Markets portal found at www.DrKB.com.

Before developing the site, the main components of equity trades were considered separately. “We divided the trade process into three,” says Paul Hosein, assistant director in the operations development department of the global investment banking operations. “Orders, allocation and settlements. Since orders are outside of our control we focused on allocation and settlements.”

The site alerts the client to any problems in processing a trade as quickly as it arises in the two areas of allocation and settlements. As soon as the trade has been executed, its details are automatically fed into the system. “Opts tracker then provides a window on the settlements process,” explains Hosein.

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