FAQs

Our current manual process works well enough, what is the benefit of a system such as this?

• i-Balancer removes the extensive daily manual effort from capturing and processing trade and position data. It automatically does this once per day and enables you to run reconciliations in minutes rather than hours, saving time and money. It also provides a robust, secure platform to meet your compliance needs.

What kind of company is this product intended for?

• i-Balancer has been designed and developed for specialist Futures & Options and ETD brokerage firms, departments and teams.

How is i-Balancer different from other reconciliations tools?

• i-Balancer has been built from the ground up for Exchange Traded Derivatives firms to cater for the specialist needs of this market.

What are the benefits of its having a web-based interface?

•  There's no workstation software to install and maintain and users can be anywhere in the world. Once the server is upgraded, users can instantly access the new system.

How quickly can I be running reconciliations?

• i-Balancer can be delivering reconciliations within a few weeks from right now.

Will i-Balancer be able to cope with our data volumes?

• i-Balancer already handles millions of lines of data daily and has been designed to cope with increased volumes over time.

Does the client module require any special skills to use it?

• Full training is provided but i-Balancer has been designed by people who do this role in similar businesses to yours, so the product works the way you would expect it to work.

How do we manage the lifecycle of trade breaks once they're identified?

• In addition to the existing functionality in i-Balancer, Kynetix offers another platform for managing the lifecycle of trade breaks called Resolve.

What kind of integration is available to other office/trading/account systems, front or back end?

• i-Balancer is designed to integrate to third party platforms, sources and custom software using flexible adapters which enable 2-way data flow. Many existing adapters are available for key exchanges, core back office systems and brokers.

Adjustments Engine

What types of adjustments can be done once imbalances are identified?

• i-Balancer can automatically create adjustments including contras and cancelled trades. These persist on the rec until a matching trade is received from either the exchange, your broker or your internal system, when it is matched and cleaned down automatically.

Am I able to override automatic adjustments?

• Yes, absolutely. You retain complete control on all adjustments, even if they were automatically created.

Reporting

What sort of reports will the system support?

• HTML plus PDF or Excel versions of: Trade, Position and Price Reconciliations; Close Out and Cash Reports.