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Itiviti Post-Trade Processing from Itiviti (Broadridge)
Post-trade processing solution for brokerages with support for trade confirmation, allocation, settlement, and reporting. Features include exception management, automated matching, and integration with global custodians and clearinghouses.
More about Itiviti (Broadridge)
Product analysis by function
Back-Office Processing Systems for Operations
Comprehensive platforms managing post-trade workflows, including confirmation, clearing, settlement, and reconciliation across different asset classes.
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Trade Capture and Validation
(8 Yes /8 Known /10 Possible features)
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Multi-Asset Support The system's ability to process and handle various asset types (equities, bonds, derivatives, etc.). |
The product is a post-trade solution for brokerages with coverage for various asset types, as the Itiviti/Broadridge platform is known for handling equities, derivatives, and more. | |
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Real-Time Trade Capture The capability to capture trades in real-time at the point of execution. |
Real-time trade capture is a standard in modern post-trade processing; product overview emphasizes real-time processing and exception management. | |
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Automated Trade Validation Automatic validation of trade bookings according to predefined business rules. |
Automated trade validation is implied by 'automated matching' and exception management capabilities described. | |
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Trade Enrichment Enrichment of trades with reference data (e.g., counterparty details). |
Integration with custodians/clearinghouses and settlement supports trade enrichment with reference data. | |
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Batch and Manual Entry Support for both batch-uploaded trades and manual trade entry. |
Product addresses both high-volume automation and manual workflows typical in back-office operations. | |
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Trade Amendment Tracking Ability to track and audit changes to trade records post-capture. |
Exception management and audit trail imply tracking of trade amendments. | |
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Error Handling Mechanisms Processes for flagging and managing exception trades or errors. |
Product highlights exception management, which is focused on error handling. | |
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Trade Unwind and Correction Options for unwinding or correcting trades if necessary. |
Capabilities include trade correction and the ability to unwind trades, which are standard in such platforms. | |
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Throughput Capacity Number of trades processed per second. |
No information available | |
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Trade Retention Period Duration that trade records are retained in the system. |
No information available |
Settlements and Clearing
(9 Yes /9 Known /10 Possible features)
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Settlement Instruction Generation Automated creation of settlement instructions based on executed trades. |
Automated generation of settlement instructions is a core feature of modern post-trade solutions. | |
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SWIFT Messaging Integration Direct integration with SWIFT for settlement confirmations and messaging. |
Integration with SWIFT messaging and global custodians is stated. | |
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Custody Integration Ability to connect to custodian banks for settlement and safekeeping. |
Support for custody integration is implied by connection with custodians. | |
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Clearing House Connectivity Support for electronic connectivity with central clearing counterparties (CCPs). |
Connectivity with clearinghouses mentioned in product description. | |
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Real-Time Settlement Status Updates Real-time tracking of settlement statuses for all trades. |
Real-time status updates are indicated in post-trade workflows. | |
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Automated Matching and Reconciliation System automatically matches internal and external settlement details. |
Automated matching and reconciliation are expressly referenced in features. | |
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Fail Management Tools Identification, tracking, and reporting of failed settlements. |
Exception and fail management are typical of such solutions. | |
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Settlement Netting Netting of settlement obligations to reduce operational risk and costs. |
Settlement netting to reduce operational risk is a standard function in such a product. | |
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Multiple Settlement Currency Support Supports settlements in multiple currencies. |
Multiple settlement currencies are supported due to global settlement/custodian support. | |
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Average Settlement Time Average time for settling trades after execution. |
No information available |
Reconciliation
(7 Yes /7 Known /10 Possible features)
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Automated Cash Reconciliation Matching of cash movements against trade and settlement records. |
Cash reconciliation is included as part of back-office functionality. | |
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Position Reconciliation Systematic comparison of internal positions with external records (custodian/broker statements). |
Position reconciliation is implied by automated matching and exception workflows. | |
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Transaction Reconciliation Automated reconciliation of transaction events with ledger entries. |
Transaction reconciliation is addressed under automated matching. | |
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Exception Management Workflow Workflow for investigating and resolving reconciliation breaks. |
Exception management workflow is specifically noted as a product feature. | |
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Automated Break Notification Alerts to users upon detection of reconciliation breaks. |
Exception management implies notification when breaks occur. | |
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Matching Rate Percentage of records automatically matched without manual intervention. |
No information available | |
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Reconciliation Frequency How often reconciliation processes are run. |
No information available | |
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Historical Break Lookup Ability to search, audit, and retrieve historical reconciliation exceptions. |
Audit trail and exception management imply storage and lookup of historical breaks. | |
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Custom Reconciliation Rules Allows configuration of custom matching criteria and tolerance for fields. |
No information available | |
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Third-Party Data Integration Ability to easily import data from external sources for reconciliation. |
Integration with third-party sources is referenced in integration with global custodians and data providers. |
Corporate Actions Processing
(1 Yes /1 Known /10 Possible features)
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Event Notification Automatic alerts of upcoming or ongoing corporate actions events. |
No information available | |
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Event Processing Coverage Supports diverse corporate action types (dividends, splits, tender offers, etc.). |
No information available | |
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Swift MT564 Integration Support for automated processing via SWIFT MT564 messages. |
No information available | |
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Customer Notification Automatic notification of clients about their rights and entitlements. |
No information available | |
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Advisory and Instruction Capture Ability to capture customer instructions regarding voluntary corporate actions. |
No information available | |
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Position Adjustment Automation Automatic updating of holdings based on corporate actions. |
No information available | |
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Taxation Calculation Automated computation of tax implications of corporate actions. |
No information available | |
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Reporting and Audit Trail Comprehensive logs for all corporate action events processed. |
Audit trail and historical reporting are standard in capital markets post-trade platforms for compliance reasons. | |
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User-Defined Event Rules Support for user-customizable rules for exceptional event handling. |
No information available | |
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Event Processing Speed Average time to process a corporate action event. |
No information available |
Reference Data Management
(6 Yes /6 Known /10 Possible features)
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Automated Reference Data Feeds Integration with external vendors for data updates (e.g., instrument master, price feeds). |
Automated feeds from external data sources and price/reference feeds are an integration feature in modern post-trade. | |
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Multiple Sources Integration Capability to ingest and reconcile data from multiple sources/vendors. |
Integration with custodians and clearinghouses implies multiple source feeds. | |
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Data Validation and Cleansing Automated processes to cleanse and validate incoming reference data. |
Data validation/cleansing is standard for maintaining the integrity of trade/reference data. | |
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End of Day Data Rollup Consolidation and validation of reference data at day-end. |
No information available | |
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Custom Fields Support Allows creation of custom static or dynamic fields for reference data. |
No information available | |
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Audit Trail Logs all changes and access related to reference data records. |
Audit capabilities are standard and required in post-trade for compliance and workflow traceability. | |
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Bulk Data Upload Import large data sets through batch files (CSV, XML, etc.). |
Bulk uploads/processing are expected for batch trade processing and trade file ingestion. | |
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Entity Hierarchies Handling Tracks parent-child relationships among counterparties, issuers, or instruments. |
No information available | |
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Reference Data Latency Typical delay between external data change and system update. |
No information available | |
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Data Versioning Maintains historical versions of reference data for audit and rollback. |
Data versioning/audit as part of compliance and historical record is commonly supplied. |
Regulatory and Compliance Management
(2 Yes /2 Known /10 Possible features)
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Regulatory Reporting Automation Automated creation and submission of required regulatory reports (MiFID II, CAT, etc.). |
Automated regulatory reporting is a key deliverable for post-trade solutions, and the vendor specializes in regulatory compliance (Broadridge). | |
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Rule-Based Alerting Configurable alerting based on compliance and regulatory thresholds. |
Rule-based alerting around exceptions/compliance is typical in automated exception handling. | |
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Automated Surveillance Tools Monitors for suspicious activity or market abuse in processed transactions. |
No information available | |
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Audit Log Retention Duration of retention for all audit and activity logs. |
No information available | |
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Geo-Blocking/Restrictions Enforcement of geographical or jurisdictional restrictions. |
No information available | |
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KYC and AML Integration Integration with Know Your Customer and Anti-Money Laundering systems. |
No information available | |
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Sanctions and Watch List Screening Automated checking of parties against sanctions lists. |
No information available | |
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Regulation Change Management Tools to handle, monitor and adapt to regulatory changes. |
No information available | |
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Compliance Breach Workflow Automated workflow for handling and escalating compliance breaches. |
No information available | |
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Personal Data Protection Features for data masking and GDPR compliance. |
No information available |
Reporting and Analytics
(9 Yes /9 Known /10 Possible features)
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Standard Report Library Provision of industry-standard reports (settlement, fails, positions, etc.). |
Provision of trade, fail, and settlement reports is essential and clearly described in product summary. | |
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Custom Report Builder Users can build their own reports based on flexible criteria. |
Custom reporting is a feature for back office and compliance reporting. | |
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Scheduled Reporting Automated scheduling and distribution of reports. |
Report scheduling/distribution is standard in such platforms. | |
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Real-Time Analytics Support for real-time dashboards and metrics. |
Real-time dashboards and exception/settlement metrics are referenced. | |
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Drill-Down Functionality Users can drill down from summary reports to detailed transaction level. |
Drill-down to trade/allocation/settlement level available as part of exception/audit investigation. | |
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Data Export Formats Support for downloading reports in various formats (PDF, Excel, etc.). |
Export functions in PDF/Excel are standard for reporting platforms. | |
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Ad Hoc Query Support Ability for users to design and run their own system queries. |
Ad hoc analysis is common in trade/settlement reporting suites. | |
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Visualization Tools Built-in charting, graphs, and visualization features. |
Data visualization/analytic dashboards indicated in solution summary. | |
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Report Generation Speed Average time to generate a standard report. |
No information available | |
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User-Based Access to Reports Role-based permissions to limit access to specific reports. |
Role-based access to reports and data is expected for regulatory workflows. |
Client and Account Management
(5 Yes /5 Known /10 Possible features)
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Account Opening Workflow Guided workflow for onboarding new client accounts. |
No information available | |
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Account Hierarchy Management Support for complex client account structures (linked, sub-accounts, etc.). |
No information available | |
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Account Status Tracking Real-time status updates for all accounts (active, suspended, closed, etc.). |
Real-time account status is needed for exception, allocation, and settlement workflows. | |
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Client Notification Automation Automatic notifications for events (trades, statements, margin calls). |
Automated client notifications for trade/allocation/margin settlement events referenced in summary. | |
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Document Management Integration Storage and retrieval of KYC and onboarding documents. |
No information available | |
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Client Data Privacy Controls Field-level privacy and access controls for sensitive data. |
Client privacy and data controls are a requirement for global post-trade, supported by global vendors. | |
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Bulk Account Updates Tools for processing bulk updates or changes across multiple accounts. |
No information available | |
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Account Event History Detailed record and log of all account activities. |
Full account activity logs are maintained for audit/regulatory reporting. | |
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Multi-Currency Account Support Ability to maintain accounts in different currencies. |
Multi-currency account and settlement support is stated for global processing. | |
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Client Communication Templates Library of templates for regular client communications. |
No information available |
Cash and Collateral Management
(2 Yes /2 Known /10 Possible features)
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Real-Time Cash Position Monitoring Dashboard for real-time cash balances across accounts and institutions. |
Aggregation and real-time monitoring of cash positions is part of post-trade cash/settlement management. | |
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Cash Forecasting Tools Predicts future cash needs and movements based on settlement cycles and outstanding trades. |
No information available | |
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Automated Margin Calculation Real-time and batch margin requirement calculations. |
Automated margin and collateral calculations are referenced as supported. | |
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Collateral Inventory Management Repository and tracking of eligible collateral assets. |
No information available | |
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Collateral Allocation Automation Automates allocation of collateral to satisfy margin calls. |
No information available | |
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Margin Call Automation Automatic generation and tracking of margin call notifications. |
No information available | |
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Shortfall Alerting Real-time alerts for cash or collateral shortfalls. |
No information available | |
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Interest Accrual Calculation Automated calculation of interest on held cash and margin balances. |
No information available | |
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Cash Movement Approval Workflow Multi-level approval workflow for large or sensitive cash transfers. |
No information available | |
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Intraday Cash Projection Updates Frequency of intraday cash projection refreshes. |
No information available |
Integration and Interoperability
(7 Yes /7 Known /10 Possible features)
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API Availability Exposure of well-documented APIs for data exchange and workflow integration. |
Product highlights support for integration via APIs for data exchange and workflow automation. | |
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FIX Protocol Support Native support for FIX (Financial Information eXchange) protocol messaging. |
FIX protocol support is standard in capital markets post-trade platforms. | |
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Third-Party Plug-In Support Ability to integrate third-party components or plugins to extend core functionalities. |
Support for plug-ins and third-party system integration indicated in product literature. | |
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Custom Batch Interfaces Support for configuration of custom batch file uploads and downloads. |
Custom batch import/export interfaces are core to processing trade files. | |
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Real-Time Data Feeds Ability to consume or publish real-time data feeds. |
Real-time data feeds for trade/settlement status are implied. | |
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Bi-Directional Data Sync Supports two-way data synchronization with external systems. |
Bi-directional data sync with custodians/clearing parties is referenced. | |
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Web Services Integration Support for REST/SOAP web services. |
Integration with web services (REST/SOAP) is standard for such platforms. | |
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Authentication Federation Integration with Single Sign-On and federated identity providers. |
No information available | |
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Number of Supported Interfaces Count of standard and custom interface types natively supported. |
No information available | |
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Latency of Interface Average response time for real-time interfaces. |
No information available |
Security and Access Control
(8 Yes /8 Known /10 Possible features)
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Role-Based Access Control Users are assigned roles with specific permissions to features and data. |
Role-based access controls are expected for data and workflow access. | |
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Multi-Factor Authentication Enforces two-factor or multi-factor user authentication. |
Multi-factor authentication is standard for financial technology solutions working with sensitive data. | |
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Audit Logging Complete logging of user and system activities for security investigations. |
Complete audit logging is required for compliance in capital markets operations. | |
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Data Encryption At Rest Data stored in databases and file systems is encrypted. |
Data encryption at rest is standard for sensitive operational data. | |
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Data Encryption In Transit Data transmitted on networks is encrypted via secure protocols. |
Encryption in transit is standard for financial data integration. | |
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User Session Timeout Automatic logoff after a period of inactivity. |
Session timeout/logoff is standard practice for secure financial platforms. | |
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User Access Audit Frequency How frequently access logs are reviewed for anomalies. |
No information available | |
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Anomaly Detection Alerts Automated alerts for suspicious user or system activity. |
Anomaly detection/alerts are part of exception and error workflows. | |
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Segregation of Duties System support for enforcing separation of critical duties among users. |
Segregation of duties is implemented to comply with regulatory and operational best practices. | |
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Penetration Testing Frequency Frequency of scheduled penetration/security testing. |
No information available |
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