ReconArt Positions, Holdings & Trades Reconciliation

ReconArt is an integrated, fully web-based, best practice solution designed to automate and manage all aspects of business data reconciliation. It is fully configurable, scalable, fast, and a technology leader in the complex high-volume transaction matching.

The process involves matching of position balances between two or more sources, usually a custodian/broker record and an internal system. The setup in ReconArt software is totally flexible depending on your business – accounts could be organized by Client, Fund or Portfolio. The goal is to automatically match all comparable positions and identify breaks on a daily basis so that they can be categorized and corrected if needed, either with a request to the custodian/broker, or in the internal system. The next day, a fresh data set flows in for the same records, identifying matches and breaks for the current day.

ReconArt solution offers robust, user-friendly tools for data clean-up and enrichment. This means we  can handle all kinds of data formats, which is key in the industry because the trading space relies on a variety of security IDs depending on geography, exchange platform, and type of instrument (common examples: Ticker, ISIN, SEDOL, CUSIP, SIN). ReconArt’s ability to create complex matching and update rules is also a big benefit, as the automatic resolution of all the benign mis-matches and the automatic classification of risk-carrying breaks are essential to the integrity of the trading process.

Core capabilities

Follow best practices by allowing automated, granular positions reconciliation

Quickly identify and resolve breaks

Gain instant visibility into errors and risk

Clean up and enrich all data from custodians and internal systems as needed

Combine with bank/cash activities reconciliation

Key benefits

One single solution for all reconciliation needs and processes

Fully configurable to allow for specific process requirements

Auditable framework for enhanced control and compliance

Users are self-sufficient to handle the system with minimal technical support

Grows easily with the business

 

Find out more: https://www.reconart.com/solution/positions-holdings-trades-reconciliation/

Product and service specifications
Database
• MySQL
Language used
• C#
• Other
Operating system
• N/A
Pricing structure
• Subscription-based
User interface
• Web
Tags:
Securities trading, Investment funds, Portfolio management, Breaks resolution, Custodian assets, Positions reconciliation