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The Genesis Trade Allocation Manager (TAM)

Global broker-dealer improves client service and post trade efficiency with Genesis middle office solution

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About StoneX

StoneX provides institutional access to 39 derivatives exchanges, 175 foreign exchange markets, nearly every global securities marketplace and bi-lateral liquidity venues, as well as retail market access via and City Index, among other platforms.

StoneX serves more than 32,000 commercial, institutional and payments clients, and more than 330,000 active retail accounts across 180 countries. The firm provides institutional-grade digital platforms, high-touch service and market intelligence to help clients pursue trading opportunities, make investments efficiently, manage market risk and improve their business performance. With StoneX, clients have one trusted partner to access markets worldwide.

The Challenge

Like many financial markets firms, StoneX’s post-trade operations were siloed by asset type, most notably equity versus fixed income, and by the use of multiple OEMS systems. As a result, the technologies used to support the middle and back-office workflows were not integrated, creating a series of operational and financial risks, and were resource and cost-intensive to manage.

The Solution

StoneX implemented Genesis Trade Allocation Manager (TAM) to achieve a universal post trade middle office solution. TAM provided StoneX with:

  • A single middle office platform for capturing trades from multiple OEMS and multiple asset classes and markets
  • Automation and electronic workflow catering to the specifics of multiple asset classes, for example equities, listed derivatives and fixed income
  • A centralized system for trade allocation and management of client entity data and settlement instructions
  • Efficient exceptions management and an alert system that helps quickly identify and resolve mismatches

The Benefits

The modern, flexible TAM solution dramatically simplified the post trade technology ecosystem at StoneX and, for the first time, unified connectivity and automation between its front, middle and back offices.

With a single platform that supports multi-asset workflow for trade allocation, the firm becomes more operationally efficient and has the tools to reduce errors and cost.

StoneX has been able to allocate team resources away from post trade operations roles and has enjoyed a decrease in operational costs. At the same time, the efficiency and control provided by TAM helped StoneX improve the level of client service it provides, resulting in more client trading activity and revenue to the firm.

Since it first deployed TAM for StoneX in 2020, Genesis has added multiple customized features and capabilities to further support StoneX trading operations.

“Genesis has allowed us to move away from manual, time-consuming processes to a fully digital experience, giving us greater control of our operations and the ability to better serve our clients on top of accessing new markets and asset classes. We have been constantly impressed by the expert and detailed financial markets technical expertise of the Genesis team and their agile approach to software development.”

Paul WenmanHead of Business Development EMEA & Asia, StoneX

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