Several domestic brokerages rely on our flagship Back Office Application – Soham for their day to day settlement of trades. Soham is a very powerful Clearing & Settlement Engine that caters to both Retail & Institutional Businesses. It is also one of the most automated back office applications around. It has the capability of picking trades directly from a designated folder and processing the trades to calculate brokerage and exchange/ statutory charges and taxes. It then generates physical or electronic contract notes and digitally signs these contracts and e-mails them to clients. For Institutional trades, it supports the process of Affirmation & Confirmation.
It then performs the clearing and enables the brokerage to settle these open obligations using depository and bank accounts.
Soham also helps brokerages in opening client accounts and manages the complete flow. For more details & demo of Soham, please get in touch.