OnlineTrader selects innerExchange client acquisition and invoicing tool
24 January 2008 | 1780 views | 0
innerExchange, a leading provider of financial services software solutions to the financial community, announced that its inExCast, complete client on-boarding and invoicing solution for on-line brokers, proprietary trading groups and trading arcades, has been selected by OnlineTrader, globally.
InExCast, provides a simple and cost effective solution which enables OnlineTrader to streamline and dramatically improve the efficiency, speed and accuracy from the customer acquisition to the invoicing processes. The application has been provided on a stand-alone basis, and white labelled.
inExCast, has been easily integrated into OnlineTrader web portal, and covers every step of the on-line client acquisition and on boarding process including registration of customer contact details, issuance of account opening documentation, e-trading license agreements, regulatory compliance, secure access to client trading statements and much more.
Marco Van den Berg, Managing Director for OnlineTrader said "inExCast enables us to radically improve the accuracy and speed of end of month invoicing for our electronic trading customers, covering individuals and institutionals, and taking into account exchange, clearing and brokerage fees, desk trading fees, platform charges, minimum activity thresholds, volume rebates and much more. The service allowed us to cut costs and improve our overall operational efficiency. It is multi lingual, covers multi countries specifics, allows for multi currencies and multi asset classes."
Richard Ney, founder of innerExchange said "We are extremely proud of our new relationship with OnlineTrader and also having added another premier investment firm to our growing, global client base. inExCast automates and significantly improves the accuracy and efficiency of the e-trading client acquisition and invoicing process. We have reduced end of month billing from a manually intensive, error prone operation taking days to one that is fully automated, highly accurate and can be completed in a matter of hours."