Innovating in execution to make your life easier

01 October 2018

Wealth managers face a number of constantly evolving challenges: increased regulatory pressure, greater margin pressure, and the need to meet the ever-changing demands of clients are just some of them.

At Multrees, we work with our clients in a unique partnership approach to develop innovative and quality solutions that allow them to focus on their clients and investment strategies. The development of our execution services offering, which we rolled out earlier this year and have continued to improve, is an example of this.

The new service lets advisers execute exchange-traded assets through existing systems architecture, making us a ‘one stop shop’ for execution and settlement.

We have recently added a range of new order types, making our service as comprehensive as possible. These include:

·        Good ‘til cancelled (GTC) – the order remains active until either it’s filled or the investor cancels it.

·        Good ‘til date (GTD) – the order remains active until a specified date, unless it’s been filled or cancelled.

·        Fill or kill (FOK) – the order must be filled immediately in its entirety or it will be cancelled.

We are also developing the order type offering to include care orders (those that are carefully worked into the market in order to avoid market impact costs).

Making sure that our service is as comprehensive as possible helps our clients reduce the risk of managing multiple counterparties whilst enabling timely execution of trades and settlements in the market.

It is also important that we help our clients meet their compliance obligations and provide clear reporting for their clients. We already provide transaction reporting and are now developing best execution reporting functionality for our online portal, Multrees Compass. This will allow our clients to review the execution quality of transactions. We will also conduct a regular review of our broker network and quality of execution.

The development of our service will therefore give clients the scalability and efficiency of a truly automated end-to-end process. We will take care of all activity following the investment decision, allowing our clients to focus on the important work of servicing the needs of their clients.