Advantage Securities implements FNX Aspen

Source: FNX Capital Markets Solutions

FNX Capital Markets Solutions, a division of GL TRADE, announced today that Advantage Securities, a wholly owned subsidiary of Advantage Futures, has gone live with its ASP solution, ASPEN for its front to back government securities trading operation.

Advantage Futures LLC is a futures commission merchant and is a clearing member of the Chicago Mercantile Exchange, the Chicago Board of Trade, the Intercontinental Exchange (ICE) The London Clearing House, The Clearing Corporation as well as a technical clearing member of Eurex and a foreign approved participant of the Montreal Exchange.

ASPEN gives Advantage Securities a sophisticated risk management and processing platform to support its operations, along with the connectivity tools to achieve a real-time trading environment and an automated workflow manager to customize and improve operational efficiency. ASPEN also provides Advantage Securities with the ability to monitor the positions, P&L and financing requirements of all their clients as well as reporting on their margin status.

The flexibility of ASPEN's architecture has allowed FNX Capital Markets Solutions to develop custom reports thereby allowing Advantage Securities to further enhance service to their clients by delivering electronic statements that detail all transactions, fee information, positions, margin utilization and P&L.

John Schlaefke, from Advantage Securities said, "The ASPEN solution offers the ideal combination of functionality and technology. Its ASP deployment along with FNX's knowledgeable development and implementation team allowed us to get the system up and running quickly. Its connectivity capabilities and the flexibility of the solution allowed us to customize the system to meet our specific requirements. We are pleased to be working with the ASPEN team."

Steve Yerkes, FNX Capital Markets Solution's Director of ASP Operations added, "We're thrilled to partner with Advantage Securities. With ASPEN, Advantage's operations team is able to quickly reconcile positions, settlements, and financing activities allowing them to devote more time to their clients. Easily scalable with cross product support, the system will continue to support Advantage's and their client's needs ass and growth objectives going forward."

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