Features of  CMTA Direct for Prime Brokers/Clearing Firms:

Within the CMTA billing process a Prime Broker/Clearing Firm endures the most labor intensive role reconciling invoices along with communicating any discrepancies. Many firms have minimal automation within these processes creating a lack of scalability and efficiency. MiddleLink CMTA Direct T+2 exception based process creates the scale and efficiency by identifying only the items that require their attention eliminating the lump sum reconciliation process at month end.

• Automated exception based reconciliation shifts PB/CF role from processor to providing oversight on dispute resolution
• Daily reconciliation process identifies billing discrepancies on T+2
• Create scalability and efficiency reducing the dependency on manpower to grow the business
• Track commissions accruals by Customer/ EB intra month
• Through a single user interface communicate information on discrepancies, invoices and payments
• Dynamic invoice reporting that includes aged, cumulative and individual monthly views
• Complete historical reporting on trade, billing and payments.
• Ability to grant customers portal access for commission discrepancy and invoice details
• Reports can be exported to Excel for distribution.
• Alias capability for customer identification
• Option to integrate with internal systems to generate payment journals

For pricing or to schedule a demo, please contact us.

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