Local Equity Trading System (LETS) developed by CSE is a complete front to back office solution for the local shares brokerage. LETS facilitates the Member to perform the following functions:
- Maintain various standing data on member, market and customer related entities
- Manage customer’s local equities trade orders
- Perform trading with Saudi Tadawul
- Support (customer) Multi-Portfolio, Multi-Account, Local Currency (single Currency), Multi-Fee Level/Discounts
- Calculate trade commission, security transfer and security lien charges
- Handle margin trading customers
- Settle the traded orders as per the exchange notification and member’s policy
- Manage customer portfolio in accordance with the statutory guidelines
- Handle accounts and reconciliation between branches, HO and the exchange
- System supports SWAP
- Handle Share Murabaha
- Handle Fixed Income/Equity Rights
- Generate customer, Brokerage firm and MIS reports and statements
- Strong access security policy
Interfaces:
- Tadawul gateway server/s for the purpose of trading and market data
- Clearing bank for the purpose of Deposit and reconciliation.
- Interface to access market data maintained by the system for price dissemination
It consists of four basic modules namely:
- Front Office Module
- Middle Office Module
- Back Office Module
- Interface Module ( FIX Client, TIP, FIX-In, Clearing Bank Interface)
Additional Modules:
- eTrading
- Direct Market Access
- Exchange Traded Fund(ETF)
- Price Dissemination System(PDS)
CSE helps its customers to improve their position through increased efficiencies, improved cost management, and greater market share. This will result in better ROI and enables member to exceed the customer expectations. This value proposition is measured by:
- Streamlined operations
- Faster time to market
- Management flexibility
- Increased revenue
