BETA GLOBAL

World-class Trade Settlement

BETA Global is an institutional and private client settlement system that is available via a service bureau or a client hosted solution for global securities processing. It provides integrated real-time processing, from trade capture and enrichment, through to confirmation, settlement and accounting, using a flexible workflow architecture and exception handling subsystem.

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Extensive Instrument Coverage
BETA Global supports settlement of an extensive range of instruments for domestic and international markets, and offers proven functionality for multi-currency, multi-entity operations trading in a wide range of asset classes.

Flexibility Modular Functionality to Meet Institutional and Private Client Needs
BETA Global’s extensive modular functionality model gives it the flexibility to address the needs of international institutional brokers, investment banks, and stockbroking operations, including execution only, advisory, discretionary, and personal wealth fund managing firms.

Straight-through Processing
Beta Global is fully integrated with Objectway’s best-in-class eXimius Portfolio Manager software. The resulting comprehensive omnichannel front-to-back office solution offers enhanced workflow and straight-through processing from order entry to final settlement.

Workflow Management with Automated Exception Management and Issue Resolution
A priority-driven workflow management system monitors and controls all aspects of the system including transaction processing, situation awareness, event notification, and system management. The Workflow Management Dashboard offers a one view control and monitoring tool for the management and escalation of processing exceptions encountered during the clearing and settlement lifecycle and other STP processes.

Flexible Fees and Commission Models
Choice of management fee calculation methodologies including fee based on end of period valuation or daily accrual basis.
Flexible tiered based commission & fees rates cards for different markets/products. Flat fee and minimum fee features.

International Clearing and Settlement
Supports self-clearing and/or correspondent clearing models with a comprehensive fails management solution. Custodian accounts at both omnibus (pooled nominee) and own name (designated) basis.

Corporate Actions and Dividends
Comprehensive corporate actions and dividends functionality including entitlement calculation, reconciliation and settlement of entitlements.

World Class Service Provision
The ASP version of BETA Global is hosted at Objectway’s production data centers, ensuring a secure and resilient network. The system uses industry standard service management methodology and open technologies.

  • Back office efficiency, flexibility and innovation
  • Freedom to offer your clients international stocks.
  • Easy to expand into new markets.
  • Full compliance with UK market regulations
  • ASP delivery to reduce need for specific in-house IT infrastructure and support staff
  • IT cost reduction and other trade related efficiencies
  • Lower total transaction costs to enable you to remain competitive
  • Transparency of per trade cost versus revenue
  • Freedom to focus on your core competencies
  • Improved internal controls
  • Service support provided by experienced and accredited technical specialists
  • Reduced operational risk and exposure to processing delays
  • London based development and support professionals
  • Modern host servers with automatic failover
  • Resilient and secure communications network
  • Best practice service management methodology
  • Telephone support available throughout the business day
JM Finn&Co

In 2011, venerable London-based wealth management firm JM Finn, established in 1946, undertook a search to replace its aging wealth and investment management solution Investmaster with a more modern solution. With six branch offices and 330 employees, JM Finn has seen impressive growth (from £1 billion in 2000 to £8 billion today) and therefore needed a robust and scalable system that could keep pace with its high trading volumes and asset growth. After a two-year selection process including virtually “every provider available” in the UK market, the firm selected Objectway’s Total Wealth Solution (TWS) consisting of the BETA Global back office system and Eximius portfolio management front-end. Of all the systems evaluated, the Objectway solution was the only one capable of meeting JM Finn’s scalability, volume and innovation requirements, according Steven Sussman, managing director at JM Finn. “BETA Global has fantastic internal reconciliation controls and is used to doing high-volume,” says Sussman, “and Eximius is future-proof.” With Objectway’s Total Wealth Solution, JM Finn has now achieved its financial reporting goals, realized faster bank/cash reconciliation, and created a path for future expansion. Sussman concludes: “TWS is a good fit and good value for money, time and effort.”

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