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COMMISSION MANAGEMENT

Full Service Commission Management
Virtual Aggregation
Custodial Aggregation
Hybrid Aggregation

Aggregation 2.0

Transparency Made Simple

COMMCISECM provides a standalone cloud-based Commission Management platform designed to help asset managers meet new transparency demands.

Aggregation 2.0 offers full service commission management and soft dollar aggregation services to asset managers with much needed innovation over the traditional Custodial Aggregation solutions available in the marketplace today.

In Partnership with Euronext, our aggregation services offers market leading technology and a client services layer as a packaged ‘Commission Aggregation-as-a-Service’ solution.

Product Benefits

Best-in-class SaaS technology and dedicated outsourced client service team

Delivers flexible approach to custodial aggregation to meet your needs that align with each of your broker relationships

Supports the process with any number of CSA broker and research provider relationships

Fast, secure development, delivered through high-quality user interface

A client-specific cloud-based solution trusted by many of the world’s largest asset managers

Designed specifically to meet the needs of all asset management organizations

Addresses the complete research lifecycle and eliminates manual processes

Provides a single audit trail including internal reporting for key business stakeholders

Rapid deployment and reduced Total Cost of Ownership - no hardware or upgrade costs

Product Features

Commcise’s award winning research funding web-based software delivers full commission wallet view of trade accruals and AM-funded research. An alternative to the legacy custodial aggregator services it also eliminates all manual processes - no more spreadsheets and emails.
Fully transparent and auditable platform from which you can monitor activity, run reports and use as a foundation for research budgeting.
A client-specific cloud-based solution trusted by many of the worlds largest asset managers.

■ Sets accrual budgets for research
providers at any level

■ Tracks allocation of budgets to portfolios

■ Automatic alerting when approaching a
set funding target

■ Supports global funding methods:
CCA, CSA, RPA and P&L

■ Flexible rules engine determines
commission pools, splits and trade
eligibility of CSA and full-service rate
trades

■ Accurate unbundling of principal trades

■ API support for integration with external systems

■ Automated integration to custodial
aggregators and banks to hold ringfenced, client-specific CSA / P&L balances

■ Integration with internal buy-side
systems – OMS / Data warehouse / Account Payable

■ Support for third party broker vote
integration

Complete double-entry accounting engine with full support for dynamic CSA/P&L virtual pool accounting with automatic trade tagging to desk / team / strategy / entity. Account / client level accrual accounting of bundled trades. Manage level of cross-subsidisation between strategies with real time CSA balances and statements across all brokers. Demonstrates how clients have benefited from research

Complete outsourcing of CSA balance reconciliation and bill payments with a technology enabled client service team.
Reduced economic burden on your brokers and greater purchasing power for your commission dollar. Greater transparency than the traditional “black box” spreadsheet and email approach to managing CSA balances and payments. Offered in a virtual aggregation environment or along side your custodial aggregator.

■ Complete double-entry accounting
engine with full support for dynamic
CSA/P&L virtual pool accounting

■ Complete ‘full commission wallet’ reporting

■ Flexible user-customizable interactive trade dashboard

■ Reports by broker, team, voting period, asset type, service type, etc
■ Account / client level accrual accounting of bundled trades

■ Demonstrates how clients have benefited from research

■ Shows CSA, RPA and P&L payments
within a single view

■ Payment workflow support with
segregated roles

■ Automatic notification to all research
providers of payment

■ Automatically generate and track
payment instructions

■ View and analyse transactions in a balance

■ Intelligent rules-based targeting of
funding pools where firms are supporting
P&L and client-funded research

■ Single audit trail over all research
provider expenses

■ Sophisticated trade matching engine
automatically pairs asset manager and
broker CSA / Soft Dollar trades

■ Configurable CSA / Soft Dollar trade
reconciliation engine

■ Fully-audited, allocation-level trade
reconciliation

■ 100+ contracted brokers on network

■ Robust online exception management workflow between asset manager and brokers for any recon breaks

■ Supports multiple asset classes

■ Automatic sweep notifications for
custodial aggregation

Commcise

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