BNY Clearing Services has introduced a new browser-based desktop which can be used by introducing broker/dealers.
Key features of the new BNY Clearing Compass system include simplified, one-click navigation; summary and detailed reporting of data; access to online forms and statements; and real-time information on positions, account activity, and commissions. Firms have the autonomy to add and change user access.
BNY says the design reflects extensive user group research focused on understanding the distinct needs of various staff functions with broker/dealer organisations, including brokers, sales assistants, operations staff and senior management.