Plazma, a buy-side commission management platform by Instinet, an executing broker based in NYC, has included T*Share, a solution that now enables clients to consolidate commission credits generated from US fixed incomes trades as well as equities and options. Instinet, also has the capabilities to accommodate CSA/CCA arrangements into a unified account.
“CSA and CCA programs continue to gain favor worldwide as a means to provide transparency into the commission payment process…,” says Luke Mauro, global head of operations at Instinet in a release.
Mauro adds, “over the years we’ve worked extensively with our clients to develop CMS solutions that deliver tangible workflow benefits, and we’re please to build on this legacy of collaborative innovation with these latest enhancements.”
Additionally, Plazma has integrated a customizable provider rating tool, which allows administrators to have the ability to rate provider service and generate a report. Users also have the option of downloading raw ratings data.
Plazma also supports direct payments to about 2,100 providers and manage budgets, perform payment analyses, conduct broker vote sand rate providers.
[Read: AxiomSL Meets Basel III Liquidity Requirements] Zarna Patel is a staff writer for InformationWeek's Financial Services brands, which include Bank Systems & Technology, Insurance & Technology and Wall Street & Technology. She received her B.A. in English and journalism from Rutgers University College of Arts and Sciences in ... View Full Bio