A service strategy that goes the distance.
Designed from the start as a multi-clearing and multi-source ready platform, Xtiva maintains unbiased managed service relationships with most major clearing firms to ensure that introducing broker-dealers and their producers always have complete, accurate and consistent business data. Xtiva meets the needs of front‐office professionals, branch managers, firm management and operations to transform business data from multiple sources of record into actionable results that give better daily decision support.
By overcoming common operational hurdles and smoothing the impact of clearing service transitions, Xtiva also strengthens the clearing firm / introducing broker-dealer business relationship. Retail and institutional introducing broker-dealers Count on Ussm for multi-clearing ready solutions that deliver ROI, improve service, reduce risk and streamline critical business processes for compensation management, performance management and profit analyses.
*Alliance Partner
www.firstclearing.com
In 1998, Xtiva and First Clearing Correspondent Services formed an alliance to bring the power of Xtiva’s retail and institutional brokerage compensation management solutions to First Clearing introducing broker-dealers. Xtiva and First Clearing have jointly designed, developed and maintained import routines that match the daily information broker-dealers receive from First Clearing, including daily trade and name & address information.
www.jpmorgan.com/bds
In 1996, Xtiva and Bear Stearns Global Clearing Services formed an alliance to bring the power of Xtiva’s retail and institutional brokerage compensation management solutions to Bear Stearns introducing broker-dealers. Today, J.P. Morgan Clearing Corp. and Xtiva continue that alliance to help manage the daily information broker-dealers already receive from J.P. Morgan, including trades, name and address, security master, MoneyLine, Debit/Credit Interest, Fee-4-All Journals, currency conversion files and more. For retail broker-dealers, Xtiva can facilitate mutual fund trail roll-ups and commission system management. For institutional broker-dealers, Xtiva can ensure accurate daily institutional client to sub-account parenting.
www.legentclearing.com
In 2008, Xtiva and Legent Clearing formed an alliance to bring the power of Xtiva’s retail and institutional brokerage compensation solutions to Legent introducing broker-dealers. Xtiva and Legent have jointly designed, developed and maintained import routines that match the daily information broker-dealers receive from Legent, including daily trade and name & address information.
National Financial Services LLC*
www.nationalfinancial.com
In 2001, Xtiva and National Financial formed an alliance to bring the power of Xtiva’s retail and institutional brokerage compensation management solutions to National Financial introducing broker-dealers. Xtiva has worked directly with NFS technologists, account managers and sales professionals on solutions that meet the specific requirements of our mutual retail and institutional customers.
National Financial and Xtiva have jointly designed, developed and maintained import routines to process data that match the daily information broker-dealers receive from National Financial for trades, trails, name & address, and wrap fees. For retail broker-dealers, Xtiva can facilitate mutual-fund trail roll-ups. For institutional broker-dealers, Xtiva can ensure accurate daily institutional client to sub-account parenting for a wide variety of institutional sales tracking purposes.
www.penson.com
Since 2004, Xtiva and Penson Financial Services, Inc. have worked together to design, develop and maintain import routines that match the daily information broker-dealers receive from Penson. Since 2001, Xtiva and Ridge Clearing and Outsourcing (purchased by Penson in 2010, formerly ADP Clearing) have worked together to design, develop and maintain import routines that match the daily information broker-dealers receive from Ridge. As Penson’s back-office platform evolves, broker-dealers using Xtiva’s managed service platform for brokerage compensation management have no impact on the delivery and processing needed to utilize Xtiva’s sales management system and, profit analyses tools.
Introducing broker-dealers of Penson that utilize the Broadridge BPS platform can take advantage of a managed file delivery service created by Xtiva and Broadridge. Through this service, specially produced Xtiva-ready nightly batch files are generated and delivered directly to Xtiva on an automated basis.
www.pershing.com
For over 10 years Xtiva and Pershing have worked together to bring the power of Xtiva’s retail and institutional brokerage compensation solutions to Pershing introducing broker-dealers. Xtiva has worked directly with Pershing technologists, account managers and sales professionals on solutions that meet the specific requirements of our mutual retail and institutional customers. Pershing and Xtiva have jointly designed, developed and maintained import routines to process data that match the daily information broker-dealers receive from Pershing for trades, bookkeeping, money market activity, account balances, name & address, security master and mutual fund descriptions. For retail broker-dealers, Xtiva can facilitate mutual-fund trail roll-ups and multiple execution roll-ups. For institutional broker-dealers, Xtiva can ensure accurate daily institutional client to sub-account parenting for a wide variety of institutional sales tracking purposes.
Xtiva and Pershing have created a managed file delivery service for Pershing introducing broker-dealers. These broker-dealers can have specially produced Xtiva-ready nightly batch files generated and delivered directly to Xtiva on an automated basis.
www.rbc-cs.com
In 2002, Xtiva and RBC formed an alliance to bring the power of Xtiva’s retail and institutional brokerage compensation management solutions to introducing broker-dealers of RBC Correspondent & Advisor Services. Today, RBC correspondents enjoy a high level of service and support through the deep integration between Xtiva’s correspondent billing solution used by RBC and Xtiva’s brokerage compensation and performance measurement system for RBC’s correspondent broker-dealers.
RBC and Xtiva have jointly designed, developed and maintained processing for the daily trade information broker-dealers receive from RBC. For both billing settlement information services and for broker-dealer commission processing, RBC correspondents have seamless transmission between RBC’s Xtiva correspondent billing platform and Xtiva’s broker-dealer commission system – synchronizing system-wide and enterprise-wide data that is securely managed directly within Xtiva’s hosting facilities.
www.sterneagee.com
In 2006, Xtiva and Sterne Agee formed an alliance to bring the power of Xtiva’s retail and institutional brokerage compensation management solutions to introducing broker-dealers of Sterne Agee Clearing. Sterne Agee and Xtiva have jointly designed, developed and maintained import routines to process data that match the daily information that introducing broker-dealers receive from Sterne Agee Clearing for trades and name & address information.
www.wedbush.com
Webdbush Securities and Xtiva have jointly designed, developed and maintained import routines to process data that match the daily information that introducing broker-dealers receive from Webdbush Securities for trades and name & address information.
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