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ADP Power Securities Systems releases ASP version of PowerClear

01 April 2003  |  2902 views  |  0 ADP Power Securities Systems releases ASP version of PowerClear

ADP Power Securities Systems, a division ADP's Brokerage Services Group, has launched an ASP version of its securities transaction processing system PowerClear.

The new product, webPowerClear, is a full service, real-time multi-currency, back-office processing engine that utilises Java technology and can be delivered via the Web.

The product provides new functionality in correspondent clearing and margin processing - which now includes support for options trading for investment clients and day traders.

The ASP system is available on a license or outsourced basis and will be hosted in ADP's data centre in Denver.

ADP PSS serves several national niche market firms processing a variety of securities instruments such as equities, municipal bonds and corporate bonds.

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