InteliClear is a flexible system designed specifically to meet a variety of needs for the Wall Street brokerage community.

InteliClear was developed to provide an efficient trade processing lifecycle. Its architecture incorporates years of technology expertise and operations know-how making InteliClear a truly unique clearance and settlement system.

Designed for the securities brokerage industry, InteliClear is a comprehensive real-time accounting system utilizing a centralized repository for recording portfolio, general ledger, customer accounting and credit information. It can be integrated with existing systems or implemented as a standalone application. Whichever method is employed, InteliClear provides customers and support personnel with instantaneous access to all financial information.

Many securities brokerage firms rely on a multitude of disparate systems to keep track of financial requirements, including traditional accounting systems, portfolio management systems, clearance accounting systems, risk analysis and margin systems. Some of this data is created from direct transaction postings, while some is the result of one-off processes or calculations. This can lead to higher costs to maintain, coordinate, and reconcile, while trying to figure out the timing and source of the entries.

InteliClear eliminates all of these problems. All of the financial information is created and posted from a single source record on a real-time basis. Thus, there is no need to reconcile differences and manage the timing of the postings. Ongoing analysis is easier and more reliable. Data is available immediately, with a higher degree of integrity.

 

Instantaneously Updated Applications

Customer Accounting:
Stock Record
General Ledger
New Accounts
Portfolio/P&L
Tax Lot/IRS Reporting
Parent/Sub Accounting
Correspondent Accounting

Margin Accounting
Initial (SMA), House and Exchange requirements
Day trading 
Portfolio Margin
Option optimization
Credit analysis
“What If” scenarios

Broker/Street-side Processing:
Purchase and Sales
Cashiering/Autocage
Fluid Segregation
Corporate Actions
Institutional Delivery

Regulatory/Compliance:
15c3-3
Risk Analysis/’What If’ Scenarios
Short Reporting
Suspicious Activity Reporting (SAR)