Automize Infinity

Direct access trading

Real-Time Trading, Real Results

In the fast-moving world of financial markets, direct access trading approval is a critical process for financial institutions to ensure that clients meet internal standards and comply with regulations. At Automize Infinity, we help financial institutions optimize their approval process through Business Process Automation.

Understanding the XXX process

Direct Access Trading (DAT) allows traders to access financial markets directly through a trading platform without the intervention of brokers or market makers. This method significantly reduces the time it takes to place orders and enhances the overall efficiency of trading. By connecting directly to the exchange, traders can execute transactions at faster speeds, benefiting from lower latency and more control over their trades.

For financial institutions, enabling direct access trading enhances client satisfaction and helps meet the demands of professional traders who require real-time information and low-latency executions.
Direct Access Trading Approval is the process that financial institutions use to review and approve client requests to have direct access trading accounts.

Steps in Direct access trading approval

Direct Trading Request Submission

Client initiates the direct trading access request by selecting the kind of products (stocks, funds, bons, ETFs,…) he will trade with, and other parameters.

Knowledge Test

Depending on his previous experience and the chosen products’ risk categorization, the client will have to pass a convenience test about the desired products, to prove that he owns enough knowledge to invest in the chosen group of products.

Risk / Compliance / Credit assessment

Different teams need to review the trades’ potential impact on the firm’s portfolio, exposure limits, and overall market conditions.

Contract generation and signature

The system generates to the contract to be signed by the client from a template.

Contract archive

Once the contract is signed by the client, it needs to be stored together with the rest of relevant documents of the client.

Trading account set-up

After all cheks have been done and the contract is signed, the trading account can be set-up.

How can automation improve your process?

By leveraging automation, you can streamline your trading approval process, reduce delays, and stay ahead of the competition.

Automated Data Entry

RPA can automate the entry of information into the system, ensuring that data is accurately logged without the need for manual input, which can reduce errors and improve the efficiency of the approval process.

Risk Assessment Automation

BPA can streamline the process of assessing risk by automatically analyzing client data and cross-referencing it with risk management criteria.

Approval Workflow Automation

Automate the trade approval workflow by routing requests to the appropriate team members for review and sign-off. This eliminates manual processes, speeds up the approval chain, and ensures that no trade is overlooked.

Contract generation

Automate the generation of the contract to be signed by the client from a template, to ensure standardization in all your clients’ documents,

Real-time notifications

Keep everyone involved in the approval process updated with real-time notifications regarding trade statuses, approvals, and any required actions. BPA can trigger alerts to notify compliance officers, risk managers, and senior leadership when action is needed, improving response times and communication.

Audit and Reporting

BPA can automatically generate detailed audit reports for each approval step, ensuring that all necessary documentation is in place for regulatory purposes and internal reviews. This improves transparency and provides an easy-to-access record for all back-office teams.

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