Fees Direct gives the front, middle and back office complete control and transparency in commission management. Typical uses are for calculating the true cost of an F&O trade; enquiring into specific fee details; swiftly quoting customer commission structures; archiving customer schedules for auditing; validating exchange, regulatory & clearing house fees and confirming fee calculations from internal and external systems.
Populated with over 210,000 exchange, regulatory and clearing house fees and covering 76 exchanges, Fees Direct is wholly maintained by Rolfe & Nolan and delivers all the ingredients of a commission quote - exchange, regulatory and clearing house fees; internal overhead; cross-charged information and comparable customer quotes. Fees Direct is available either in-house, ASP or FM.
Fees Direct is part of Rolfe & Nolanâs middle office suite of solutions. Other middle office solutions include Margin Direct, an online margin and P&L calculation tool, and Alerts Direct, a risk monitoring solution.
Paul Miller, Global Sales & Marketing Director at Rolfe & Nolan said: âIn Singapore we are hearing the same concerns about fees and commissions that we heard in the US last week - front, middle and back offices are being swamped by the sheer volume of fees and the daily struggle to ensure that schedules are up to date. At a single stroke, Fees Direct can change all this and deliver the detail and accuracy that businesses demand, eliminating errors and driving down costs.â
âMany firms use spreadsheets to manage their fees and commissions. At best the use of spreadsheets involves a lot of expensive management time to ensure its accuracy. At worst, it can lead to expensive errors. Fees Direct takes the hassle out of this area, gives firm confidence in the accuracy of the fees that they are using and allows them to concentrate on their business.
âWeâre proud of Fees Direct - itâs a real solution to one of the industryâs major concerns and itâs available now.â