Products : Selero Product Suite

Selero Integration Product Suite and Hosted Services

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Securities Transaction Processing Systems

The Selero Integration Product Suite provides a comprehensive transaction processing solution tailored to the securities industry to enable adaptable straight-through processing. Its unique integration capabilities give financial services companies a competitive edge by providing a reliable, high-speed software infrastructure for trading, order routing, and post-trade processing that can be deployed rapidly and adapted easily, with a low risk of failure. Selero’s suite enables clients to decrease the time, cost, and risk associated with trading, settlement, straight-through processing, counter-party connectivity, and internal integration.

Benefits of Selero Integration

Gets You to Market Quickly with the Flexibility You Need

The Selero Integration Product Suite was architected for rapid implementation and adaptability to changing business requirements, in a wide range of messaging environments. In fact, the Suite was expressly designed to handle that range – from the most simple to the most complex - including environments that are a blend of everything.

Reduces Cost of Routing Orders and Accessing New Points of Liquidity

The need to support a variety of connectivity options has increased the burden on financial services firms to manage dozens of different connections with trading counter-parties. Selero provides both licensed software and hosted service options for minimizing the cost and workload associated with counter-party connectivity. Our technology dramatically reduces the complexity of establishing and maintaining connections, regardless of the protocols used by different firms.

Improves Visibility and Control Throughout the Trade Lifecycle

When lines fail, systems go down, or market changes impact trading, firms need to be able to monitor and control trades in process. They also need ways to manage exceptions and errors quickly and painlessly.

Selero provides sophisticated order routing and activity monitoring systems to provide better control and visibility into the trading process. Selero’s systems enable administrators to monitor outstanding trades; re-route orders in real-time; handle exceptions as they occur; review detailed statistics; research orders, executions, and all related messages in real-time without digging through complicated log files. Selero solutions also provide complete visibility into the infrastructure for operations and network monitoring.

Streamlines In-House Processes and Reduces Risk

Business applications in most companies and organizations are typically developed or purchased along functional lines. For example, brokerage firms have applications for compliance, trade order management, and portfolio accounting. These applications complete specific functions but lack the ability to streamline the end-to-end process of trade execution, confirmation, and settlement. Because of that, companies resort to manual processes to update system data, increasing the risk of errors, such as failed trades and compliance violations. Processing allocations manually is especially burdensome for both brokerages and their counter parties.

Selero’s technology enables firms to integrate systems and share real time information. Our unique integration software drastically minimizes the need for programming and development efforts. Integrated systems are updated immediately when orders and executions are processed, automating compliance tasks and eliminating the risk of manual processes. Allocations can be processed electronically either pre- or post-trade and can be sent to trading counter parties, custodians, and others in any message protocol, including FIX, SWIFT, CMS, etc.

The Selero Integration Product Suite Includes:

Selero Message Transformation and Processing

Selero Message Transformation and Processing is the foundation of the Selero Integration Product Suite. It was architected for rapid implementation, adaptability to changing business requirements, high transaction throughput, and high availability. Specifically, the product was designed to handle the full range of message transformation and processing requirements – from the most simple to the most complex, because most environments have a mix of needs. In general, it was founded on the belief that implementers should have to do just what’s required and nothing more. The other products in the Suite act as extensions to this core component.

Selero Routing

Selero Routing performs content-based message routing using business rules. It extends the routing capabilities of Selero Message Transformation and Processing by providing additional implementation ease, real-time control over routing variables, and routing to alternate destinations in the event a primary destination is down. In general, Selero dramatically simplifies the creation and management of message routing by externalizing business rules, eliminating the need for developers to employ custom code in business applications

Selero Connectors

Selero Connectors are the gateways into the Selero Integration Product Suite. They are used to further streamline solution implementation and adaptability by providing transport-agnostic access to external systems and by delivering pristine messages to Selero Message Transformation and Processing, stripped of connectivity information, such as TCP/IP headers.

Selero Repository

Selero Repository is a data store that collects order life-cycle information as it unfolds, in real-time, and retains that information indefinitely, as configured by the implementer. It was designed for easily auditing orders, researching history, and analyzing execution without resorting to log files. In addition, the Repository is the place where failed messages are queued for manual processing.

Selero Monitor

Selero Monitor was designed to simplify the work done by Operations teams and to maximize their productivity. It gives them visibility into the status of Selero Connectors and into real-time order flow. It gives them the ability to troubleshoot and resolve problems in real-time, and when used with Selero Repository, it provides visibility into order histories and statistics spanning months of operation. Selero Monitor provides a single dashboard view into the work performed by multiple instances of the Selero Integration Product Suite.

The Selero Hosted Offerings Include:

Selero Dominet

Selero Dominet is a virtual order routing network based on the Selero Integration Product Suite. It was designed to take the complexity out of connecting to clients and trading partners, and it can be used to automate any type of process, such as trade order routing and execution, market data distribution, drop copy delivery, end of day open order reporting, OATS reporting, and so on. As a hosted service, Dominet uses Selero Dominet Network or third party extranets to physically connect to counterparties. It is managed by Selero staff located in the Company’s Network Operations Center in Denver.

Selero Dominet Network

Selero Dominet Network (DNET) is a fully managed, private, financial network that delivers secured customer connectivity to an unlimited number of systems via a private, worldwide, fully meshed, MPLS, IP/VPN that is separate from all Internet traffic. DNET is the financial network backbone that enables the Selero Dominet version of the Company’s Integration Product Suite to offer security, speed, redundancy, and reliability and to ensure Selero customers experience fully optimized and streamlined electronic trading. DNET is also available with license versions of the Selero Integration Product Suite and as a standalone offering.

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