Automates the entire expense lifecycle - from fee calculation to payment processing and collections - eliminating manual intervention and reducing errors. This ensures precise cost allocation across transactional and non-transactional fees, enhancing operational efficiency and enabling daily expense tracking.
With a global rate repository and historical expense data, the solution offers powerful analytics and reporting capabilities. It supports both standard and ad hoc reporting, enabling firms to analyse costs, monitor volumes, and meet regulatory requirements with confidence.
The platform integrates effortlessly into client systems, enriching data and rate information for use in decision support tools. Rate cards are generated and distributed for direct updates to pricing systems, transforming support functions into transparent and accountable business units. Downstream integration into P&L systems, accounts payable and general ledger systems are supported.
Providing cost consulting to help firms identify inefficiencies, optimise fee structures, and reduce variable expenses. The strategic advisory service enhances profitability by aligning cost drivers with business goals.
Designed to handle increasing transaction volumes and complex fee structures, the solution scales seamlessly across asset classes and business lines. It maintains accuracy and automation as firms expand, supporting long-term growth and operational resilience.
By consolidating fees, commissions, and expenses into a single repository, Smartstream enables equitable and accurate allocation of costs. Real-time access to financial data empowers firms to make informed decisions, improve oversight, and ensure billing integrity.
Trade Expense Processing (BCE)
Manage complex, global fee structures with precision. It supports multiple asset classes, integrates with hundreds of market participants, and automates billing, revenue control, and profitability analysis - driving cost efficiency, transparency, and improved margins.
Commission Sharing Agreements (CSA)
Streamline commission and fee management through automated eligibility checks, exception handling, and enriched transaction processing. It centralises reference and rate data, supporting accurate accruals and postings, and manages statements, invoices, and payments with built-in compliance controls. The system handles research service billing, rebate reconciliation, and provides real-time reporting via integrated dashboards - delivering transparency, control, and efficiency.
Financial Transaction Tax (FTT)
Full integration for FTT workflows, including accruals, reprocessing, and automated regulatory reporting. It features dedicated dashboards for tracking tax liabilities, manages tax-relevant static data, and supports netting and rebate allocation to reduce exposure. With built-in compliance tools and client transparency - it simplifies FTT across jurisdictions.
Cost-Plus Billing
Fully automated cost-plus billing workflow, from trade capture to financial reporting. It supports flexible invoice generation, trade-level billing controls, and configurable billing logic for brokers or clients. With integrated funds application, automated G/L postings, and dashboards for receivables and provisioning, it ensures transparency, accuracy, and compliance across the billing lifecycle.
Give-Up Commission Management
Automate commission settlement for listed derivatives, covering invoicing, collections, and payments with full reconciliation. It resolves breaks via integrated systems, supports end-of-cycle approvals, and automates accounting adjustments. With global settlement workflows and real-time reporting, firms gain transparency and control over brokerage costs across counterparties and regions.
Implementation timelines vary based on scope and complexity. Typically, projects range from 3 to 18 months, depending on factors such as asset class coverage, integration requirements, and internal resource availability.
Pricing is based on several factors: asset classes covered, fee categories, functional modules, transaction and invoice volumes, number of third-party relationships, and market coverage. A tailored pricing model is developed to reflect the specific scope and scale of each client’s requirements.
Yes, Smartstream integrates directly with banks’ general ledger systems to automate postings for commissions, expenses, and adjustments, ensuring accurate financial reporting.
Yes, the platform supports integration with accounts payable systems, enabling seamless processing of vendor payments and reconciliation of invoices.
Smartstream monitors exchange notifications and regulatory updates to stay current with fee schedule changes. These updates are incorporated into the system to ensure accurate fee calculations and compliance.
Data is typically sourced via end-of-day extracts from the bank’s Order Management Systems (OMS), booking platforms, and settlement systems. These files are ingested, validated, and processed within the platform.
No, we generally support banks for data acquisition, analysis, and setup.
Smartstream offers three deployment models: On-premises, Public Cloud, and Private Cloud. Each model is designed to meet different regulatory, operational, and scalability requirements.