The order process for investment funds is characterized by media disruptions at a large number of financial service providers. Fund orders are transferred manually from the booking system and combined into block orders. The order is usually transmitted by fax. Overall, this procedure proves to be labor-intensive and error-prone in practice. It is also of particular importance that all fund orders must be received by a KAG by a certain time ('cut-off time').
FundLine-O (O stands for order routing) is a solution for the complete automation of the over-the-counter order and settlement process for funds. The system takes over all relevant individual orders from the trading or booking system. Immediately before the cut-off time, FundLine-O combines all individual orders accumulated to date into block orders on a just-in-time basis and transmits them to the investment company via various channels:
After receiving the block order settlement, FundLine-O reports the executions at single order or single trade level back to the base system. The normal workflow can be continued.
FundLine-O operates completely and independently in the background. The system is equipped with a variety of internal control mechanisms that inform users of critical situations by e-mail, fax or printout. This ensures that, for example, even in the event of errors on the investment company's fax connection, the fund order can still reach its recipient in good time before the cut-off time.
The use of FundLine-O puts you in a position to: