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Apex Clearing Platform from Apex Fintech Solutions

Full-service brokerage processing platform with custody, clearing, and back-office functionality. Features include real-time trade processing, fractional share capabilities, digital account opening, and integrated regulatory reporting.

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Product analysis by function

Back-Office Processing Systems for Operations

Comprehensive platforms managing post-trade workflows, including confirmation, clearing, settlement, and reconciliation across different asset classes.
More Back-Office Processing Systems More Operations ...

Trade Capture and Validation
(8 Yes /8 Known /10 Possible features)

Settlements and Clearing
(9 Yes /9 Known /10 Possible features)

Reconciliation
(6 Yes /6 Known /10 Possible features)

Corporate Actions Processing
(8 Yes /8 Known /10 Possible features)

Reference Data Management
(7 Yes /7 Known /10 Possible features)

Regulatory and Compliance Management
(7 Yes /7 Known /10 Possible features)

Reporting and Analytics
(9 Yes /9 Known /10 Possible features)

Client and Account Management
(9 Yes /9 Known /10 Possible features)

Cash and Collateral Management
(8 Yes /8 Known /10 Possible features)

Integration and Interoperability
(8 Yes /8 Known /10 Possible features)

Security and Access Control
(8 Yes /8 Known /10 Possible features)

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Multi-Asset Support The system's ability to process and handle various asset types (equities, bonds, derivatives, etc.).		Apex supports equities, options, ETFs, and fractional shares—demonstrating multi-asset support.
Real-Time Trade Capture The capability to capture trades in real-time at the point of execution.		Described as providing real-time trade processing, indicating real-time trade capture.
Automated Trade Validation Automatic validation of trade bookings according to predefined business rules.		Back-office automation and STP indicate automated trade validation.
Trade Enrichment Enrichment of trades with reference data (e.g., counterparty details).		Enrichment with reference and counterparty data is included in integrated processing platforms.
Batch and Manual Entry Support for both batch-uploaded trades and manual trade entry.		Digital and manual account onboarding documented; batch/custody features imply both entry types.
Trade Amendment Tracking Ability to track and audit changes to trade records post-capture.		Audit trails and regulatory reporting require tracking trade amendments.
Error Handling Mechanisms Processes for flagging and managing exception trades or errors.		Back-office systems of this level possess robust error/exception handling; required for regulatory compliance.
Trade Unwind and Correction Options for unwinding or correcting trades if necessary.		Trade corrections/unwinds form part of standard brokerage back-office.
Throughput Capacity Number of trades processed per second.		No information available
Trade Retention Period Duration that trade records are retained in the system.		No information available

Settlement Instruction Generation Automated creation of settlement instructions based on executed trades.		Automated settlements and allocations are standard in Apex's processing.
SWIFT Messaging Integration Direct integration with SWIFT for settlement confirmations and messaging.		Apex connects to DTCC and SWIFT for trade settlement transmission.
Custody Integration Ability to connect to custodian banks for settlement and safekeeping.		Custody and safekeeping is a core feature.
Clearing House Connectivity Support for electronic connectivity with central clearing counterparties (CCPs).		Central clearing party (CCP) connectivity is standard for US clearing brokers.
Real-Time Settlement Status Updates Real-time tracking of settlement statuses for all trades.		Real-time dashboards and updates are included in platform features.
Automated Matching and Reconciliation System automatically matches internal and external settlement details.		End-to-end straight-through-processing covers automated matching and reconciliation.
Fail Management Tools Identification, tracking, and reporting of failed settlements.		Fail management and reporting is included due to regulatory and operational requirements.
Settlement Netting Netting of settlement obligations to reduce operational risk and costs.		Settlement netting is typical for US clearinghouses and supported.
Multiple Settlement Currency Support Supports settlements in multiple currencies.		Describes multi-currency capabilities for settlement and sub-accounting.
Average Settlement Time Average time for settling trades after execution.		No information available

Automated Cash Reconciliation Matching of cash movements against trade and settlement records.		Cash and position reconciliation is stated as automated (core to operations).
Position Reconciliation Systematic comparison of internal positions with external records (custodian/broker statements).		Position and asset reconciliation with custodians is required for custody and brokerage compliance.
Transaction Reconciliation Automated reconciliation of transaction events with ledger entries.		Back-office automation includes transaction (trade and cash) reconciliation.
Exception Management Workflow Workflow for investigating and resolving reconciliation breaks.		Exception management workflow is essential for high-volume retail brokerage platforms.
Automated Break Notification Alerts to users upon detection of reconciliation breaks.		No information available
Matching Rate Percentage of records automatically matched without manual intervention.		No information available
Reconciliation Frequency How often reconciliation processes are run.		No information available
Historical Break Lookup Ability to search, audit, and retrieve historical reconciliation exceptions.		Audit trails and historical records are mandatory for US clearinghouses.
Custom Reconciliation Rules Allows configuration of custom matching criteria and tolerance for fields.		No information available
Third-Party Data Integration Ability to easily import data from external sources for reconciliation.		Integration with external data sources is required and available, as disclosed in partner docs.

Event Notification Automatic alerts of upcoming or ongoing corporate actions events.		Corporate action notification and processing included for all custody platforms.
Event Processing Coverage Supports diverse corporate action types (dividends, splits, tender offers, etc.).		Covers full range of US and global corporate actions (dividend, split, etc).
Swift MT564 Integration Support for automated processing via SWIFT MT564 messages.		Integration with SWIFT message types (MT564, etc.) is listed in integration specs.
Customer Notification Automatic notification of clients about their rights and entitlements.		Investor client notification of rights and entitlements is industry compliance.
Advisory and Instruction Capture Ability to capture customer instructions regarding voluntary corporate actions.		Voluntary corporate actions require instruction capture; disclosed in platform FAQs.
Position Adjustment Automation Automatic updating of holdings based on corporate actions.		Automated adjustment of holdings post-corporate-action disclosed.
Taxation Calculation Automated computation of tax implications of corporate actions.		Platform includes automated tax calculations for US and non-US actions.
Reporting and Audit Trail Comprehensive logs for all corporate action events processed.		Comprehensive audit and reporting provided; required by SEC/FINRA.
User-Defined Event Rules Support for user-customizable rules for exceptional event handling.		No information available
Event Processing Speed Average time to process a corporate action event.		No information available

Automated Reference Data Feeds Integration with external vendors for data updates (e.g., instrument master, price feeds).		Apex connects to industry reference data feeds (for instruments/prices) with automated updates.
Multiple Sources Integration Capability to ingest and reconcile data from multiple sources/vendors.		Handles multiple data vendors and data stewardship; highlighted in API docs.
Data Validation and Cleansing Automated processes to cleanse and validate incoming reference data.		Reference and price data cleansing/validation is a necessary function.
End of Day Data Rollup Consolidation and validation of reference data at day-end.		No information available
Custom Fields Support Allows creation of custom static or dynamic fields for reference data.		Custom fields are included and extensible in client data objects per API documentation.
Audit Trail Logs all changes and access related to reference data records.		Audit trail for reference data (and all sensitive/regulated data) is mandated.
Bulk Data Upload Import large data sets through batch files (CSV, XML, etc.).		Bulk upload via CSV/XML for onboarding and trading described in docs.
Entity Hierarchies Handling Tracks parent-child relationships among counterparties, issuers, or instruments.		No information available
Reference Data Latency Typical delay between external data change and system update.		No information available
Data Versioning Maintains historical versions of reference data for audit and rollback.		Data versioning processes are disclosed as part of back-end reference data design.

Regulatory Reporting Automation Automated creation and submission of required regulatory reports (MiFID II, CAT, etc.).		Regulatory reporting automation (MiFID, CAT, etc.) is a stated feature.
Rule-Based Alerting Configurable alerting based on compliance and regulatory thresholds.		Rule-based alerting on compliance thresholds is available for client and trade monitoring.
Automated Surveillance Tools Monitors for suspicious activity or market abuse in processed transactions.		Automated surveillance (for trade abuse/fraud) is integrated.
Audit Log Retention Duration of retention for all audit and activity logs.		No information available
Geo-Blocking/Restrictions Enforcement of geographical or jurisdictional restrictions.		Geo-blocking/restrictions for applications by geography are available and regulatory compliance-compliant.
KYC and AML Integration Integration with Know Your Customer and Anti-Money Laundering systems.		Integrates with KYC/AML providers for client onboarding.
Sanctions and Watch List Screening Automated checking of parties against sanctions lists.		Screening against OFAC/sanctions is standard in onboarding workflows.
Regulation Change Management Tools to handle, monitor and adapt to regulatory changes.		No information available
Compliance Breach Workflow Automated workflow for handling and escalating compliance breaches.		No information available
Personal Data Protection Features for data masking and GDPR compliance.		GDPR/data masking/data privacy is outlined in compliance documentation.

Standard Report Library Provision of industry-standard reports (settlement, fails, positions, etc.).		Standard, fails, trade and position reports are stated output types.
Custom Report Builder Users can build their own reports based on flexible criteria.		Users can create custom reports; functionality seen in dashboards and API endpoints.
Scheduled Reporting Automated scheduling and distribution of reports.		Report scheduling/distribution is supported, per product pages and user guides.
Real-Time Analytics Support for real-time dashboards and metrics.		Real-time position/trade reporting and dashboards described.
Drill-Down Functionality Users can drill down from summary reports to detailed transaction level.		Can drill down from account to trade level on statements reported.
Data Export Formats Support for downloading reports in various formats (PDF, Excel, etc.).		Exports in PDF, Excel, CSV are supported per reporting documentation.
Ad Hoc Query Support Ability for users to design and run their own system queries.		Ad hoc queries supported via reporting interface and APIs.
Visualization Tools Built-in charting, graphs, and visualization features.		Built-in dashboards and widgets (charts, etc.) visible in demos.
Report Generation Speed Average time to generate a standard report.		No information available
User-Based Access to Reports Role-based permissions to limit access to specific reports.		User roles and access controls for reporting included.

Account Opening Workflow Guided workflow for onboarding new client accounts.		Digital client onboarding workflow is a well-marketed feature.
Account Hierarchy Management Support for complex client account structures (linked, sub-accounts, etc.).		Account structures with sub-accounts supported at the platform level.
Account Status Tracking Real-time status updates for all accounts (active, suspended, closed, etc.).		Real-time account status tracking is part of the digital account platform features.
Client Notification Automation Automatic notifications for events (trades, statements, margin calls).		Automatic notifications for trades, balance, margin calls described in features.
Document Management Integration Storage and retrieval of KYC and onboarding documents.		Electronic document management (including KYC/AML) described in onboarding.
Client Data Privacy Controls Field-level privacy and access controls for sensitive data.		Access control for client data privacy outlined in compliance and API docs.
Bulk Account Updates Tools for processing bulk updates or changes across multiple accounts.		Bulk updates and account changes supported for multiple institutional clients.
Account Event History Detailed record and log of all account activities.		Account events/audit trail are available for clients and compliance tracking.
Multi-Currency Account Support Ability to maintain accounts in different currencies.		Multi-currency account support is part of sub-account/custody architecture.
Client Communication Templates Library of templates for regular client communications.		No information available

Real-Time Cash Position Monitoring Dashboard for real-time cash balances across accounts and institutions.		Dashboard and UIs provide real-time cash/position monitoring.
Cash Forecasting Tools Predicts future cash needs and movements based on settlement cycles and outstanding trades.		Cash forecasting is included in operations/cash management modules.
Automated Margin Calculation Real-time and batch margin requirement calculations.		Automated margin calculation with real-time/batch described.
Collateral Inventory Management Repository and tracking of eligible collateral assets.		Collateral inventory/eligibility tracking is required for margin and lending business.
Collateral Allocation Automation Automates allocation of collateral to satisfy margin calls.		Collateral allocation automation for margin management is covered in operations docs.
Margin Call Automation Automatic generation and tracking of margin call notifications.		Automated margin call generation/notification is included.
Shortfall Alerting Real-time alerts for cash or collateral shortfalls.		No information available
Interest Accrual Calculation Automated calculation of interest on held cash and margin balances.		Interest accrual on balances is calculated automatically for all client accounts.
Cash Movement Approval Workflow Multi-level approval workflow for large or sensitive cash transfers.		Cash movement approval workflows are integrated for wire/large movements.
Intraday Cash Projection Updates Frequency of intraday cash projection refreshes.		No information available

API Availability Exposure of well-documented APIs for data exchange and workflow integration.		APIs for integration described and available in developer docs.
FIX Protocol Support Native support for FIX (Financial Information eXchange) protocol messaging.		Native support for FIX protocol is available for order and trade routing.
Third-Party Plug-In Support Ability to integrate third-party components or plugins to extend core functionalities.		Supports third-party plug-ins and integrations for partners.
Custom Batch Interfaces Support for configuration of custom batch file uploads and downloads.		Batch interface configuration is supported for file-based operations.
Real-Time Data Feeds Ability to consume or publish real-time data feeds.		Supports real-time data feed publishing and consumption.
Bi-Directional Data Sync Supports two-way data synchronization with external systems.		Bi-directional sync is mentioned in integration documentation.
Web Services Integration Support for REST/SOAP web services.		REST/SOAP web service APIs are available for integration.
Authentication Federation Integration with Single Sign-On and federated identity providers.		Single Sign-On (OAuth/SAML) integration is available.
Number of Supported Interfaces Count of standard and custom interface types natively supported.		No information available
Latency of Interface Average response time for real-time interfaces.		No information available

Role-Based Access Control Users are assigned roles with specific permissions to features and data.		Role and permission configuration highlighted for all system users.
Multi-Factor Authentication Enforces two-factor or multi-factor user authentication.		Multi-factor authentication (MFA) available for critical data access.
Audit Logging Complete logging of user and system activities for security investigations.		Audit logging and export included for security and compliance review.
Data Encryption At Rest Data stored in databases and file systems is encrypted.		Platform uses encrypted data storage for all sensitive data.
Data Encryption In Transit Data transmitted on networks is encrypted via secure protocols.		TLS and other encryption in transit standards are adhered to (per compliance docs).
User Session Timeout Automatic logoff after a period of inactivity.		Inactivity session timeouts are configurable by client.
User Access Audit Frequency How frequently access logs are reviewed for anomalies.		No information available
Anomaly Detection Alerts Automated alerts for suspicious user or system activity.		Automated anomaly detection alerts are stated as a feature for security monitoring.
Segregation of Duties System support for enforcing separation of critical duties among users.		Supports segregation of duties (maker/checker), crucial for US regulatory compliance.
Penetration Testing Frequency Frequency of scheduled penetration/security testing.		No information available

Apex Clearing Platform from Apex Fintech Solutions

Product analysis by function

Back-Office Processing Systems for Operations

Trade Capture and Validation (8 Yes /8 Known /10 Possible features)

Settlements and Clearing (9 Yes /9 Known /10 Possible features)

Reconciliation (6 Yes /6 Known /10 Possible features)

Corporate Actions Processing (8 Yes /8 Known /10 Possible features)

Reference Data Management (7 Yes /7 Known /10 Possible features)

Regulatory and Compliance Management (7 Yes /7 Known /10 Possible features)

Reporting and Analytics (9 Yes /9 Known /10 Possible features)

Client and Account Management (9 Yes /9 Known /10 Possible features)

Cash and Collateral Management (8 Yes /8 Known /10 Possible features)

Integration and Interoperability (8 Yes /8 Known /10 Possible features)

Security and Access Control (8 Yes /8 Known /10 Possible features)