ADP Power Securities Systems, a division ADP's Brokerage Services Group, has launched an ASP version of its securities transaction processing system PowerClear.
The new product, webPowerClear, is a full service, real-time multi-currency, back-office processing engine that utilises Java technology and can be delivered via the Web.
The product provides new functionality in correspondent clearing and margin processing - which now includes support for options trading for investment clients and day traders.
The ASP system is available on a license or outsourced basis and will be hosted in ADP's data centre in Denver.
ADP PSS serves several national niche market firms processing a variety of securities instruments such as equities, municipal bonds and corporate bonds.