Skip to the main content.
Featured Image
BLOG. 1 min read

First Brokers Securities Optimizes Trade Management with SS&C

The shift towards remote and hybrid work models has, for many companies, highlighted the volume of manual processes in the middle office. Organizations are increasingly turning to automation and paperless processes to reduce costs and risks while keeping profits up. Inter-Dealer Brokers need solutions that incorporate risk management and compliance, workflow automation, reporting, and infrastructure integration.

First Brokers Securities (FBS) was looking for a solution with end-to-end automation from trade inception through settlement, eliminating rekeying and potential errors. They also needed automated risk management, workflow automation, integrated reporting, industry-standard connectivity, a cloud-based environment, P&L allocation and management accounting, and automated custodial reconciliation. They needed to automate workflows from trade inception through settlement, to support their current volume and position themselves for growth.

FBS wanted a web-based solution that would integrate seamlessly and provide necessary features like regulatory and compliance reporting, real-time trade matching dashboards, automatic security setup and real-time industry integration. FBS chose Singularity for banking and broker-dealers for its modern cloud-based environment with connectivity to major fixed income sources via APIs.

Singularity helps banks and broker-dealers automate the flow of trades among its 80 brokers and fixed-income liquidity providers, record positions and P&L and settle transactions with custodians. It is an all-in-one system for automation, risk and compliance, reporting, and integration. Singularity, which is part of SS&C’s securities services suite, integrates easily with SS&C’s other solutions to meet the needs of broker-dealers, credit unions and banks.

To learn more about how Singularity for banking and broker-dealers and SS&C’s other global treasury and capital markets processing solutions can help you reduce costs and increase efficiency, visit our "Global Treasury and Capital Markets Processing" page.

Related articles

SEC Reporting Changes: Accelerated Settlement Cycles
BLOGS. March 1, 2022

SEC Reporting Changes: Accelerated Settlement Cycles

Read more
Exploring the Modernization of 529 College Savings Accounts
BLOGS. November 10, 2023

Exploring the Modernization of 529 College Savings Accounts

Read more
Are You Ready to Meet the Updated IRRBB Regulations?
BLOGS. July 10, 2024

Are You Ready to Meet the Updated IRRBB Regulations?

Read more