Providing Essential Resources: IFCE Services
In combination with IFCE’s extensive range of products,
IFCE’s low cost services enable its asset managers,
investment advisors and correspondent firms to develop
competitive new investment products on a turnkey basis.
Online order-entry IFCE provides
efficient order entry, confirmations, and reporting on
customer investments through highly reliable and secure
online systems. Its unique bond trading platform gives
direct access to “ Street-side” transactions,
thereby eliminating the cost of mark-up and commissions.
Transactional administration
and processing IFCE undertakes
the administration and processing of trades and customer
activity for the correspondent firm. This includes
the computation of commissions and payouts, and the
maintenance of customer account positions and balances.
Historical data will be contained from the first transaction
on in the accounts.
Customization of statements IFCE
is able to tailor customer statements, research, and
online delivery systems to meet the specific needs
of its correspondent firms. The name of the correspondent
firm and its corporate label can appear on all customer
correspondence in order to preserve the integrity of
its client relationships.
Custody IFCE,
on request, will create a real-time, online custody
platform that encompasses both local and international
investments in multi-currencies, structured to
the specific needs of pension funds, insurance
companies and investment funds.
Market data and news
Through this program all investors have direct
access to IFCE’ s online quote tracking facility,
charts, DJ news service, market overview, historical
data and all industries and market indices. The
research section gives online access, free of charge,
to the major research and trade information providers.
Financial planning, stock scanning and market alerts
help the asset managers and investment advisers
with their investment decisions.
Service Partners
The products and services offered by IFCE have
been developed with and are provided through leading
global financial services institutions. In selecting
these service partners, IFCE accepts only those
firms with the highest standards of quality, efficiency,
integrity and financial strength.
An example in
this regard is IFCE’s agreement
with the Pershing division of The Bank of New York
to serve as its principal provider of order execution
and clearing services. For nearly 60 years, Pershing
has built a reputation for high-quality trade executions
in a broad array of financial instruments worldwide.
A member of the NASD, the New York Stock Exchange
and other principal exchanges, Pershing and its
parent company, the Bank of New York are among
the world’s most respected securities and
banking firms.
IFCE’s Securities Trading System (STS)
In addition to the products and services offered
in conjunction with its service partners, IFCE
has its own Securities Trading System (STS). STS,
a securities exchange trading platform, will serve
as a listing and trading platform for mutual funds
and other instruments not available on other markets.
IFCE correspondent firms and financial services
institutions that wish to participate in STS must
register as Trading Members. STS Trading Rules
provide for a limited number of Designated Dealers
who will serve as market makers in STS-listed issues.
Designated Dealers will have the affirmative obligation
to continuously publish bid and offer quotations
for Designated Issues during STS trading hours
and to create and maintain liquidity in these issues
through executions for their own account. STS will
provide a transparent, liquid market in some of
the most innovative and competitive investment
products available today. Access to these products
will offer IFCE correspondent firms a substantial
advantage in serving the needs of their clients.
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