Clearing and Self-Clearing Firms

A service strategy that builds business.

Xtiva offers clearing firms and self-clearing broker-dealers a range of business and service opportunities: from services that attract producers to broker-dealers to services that attract broker-dealers to clearing firms. Through our streamlined integration between billing management for clearing firms and rep compensation management for broker-dealers, Xtiva is uniquely positioned to provide end-to-end straight through processing services across the financial service business chain.

With Xtiva, clearing firms and self-clearing broker-dealers can offer key services to their producers to achieve competitive service advantages.  By improving both efficiency and service, Xtiva strengthens business relationships and fuels profitable growth.  Clearing firms and self-clearing broker-dealers Count on Us^sm to attract and retain stronger producers.

Broadridge Financial Solutions, Inc.

www.broadridge.com
Since 2001, Xtiva and Broadridge Financial Solutions (formerly ADP Brokerage) have worked together to design, develop and maintain data import routines that match the daily information that self-clearing broker-dealers and clearing firms need from the Broadridge clearing platform. Xtiva supports Broadridge BPS, Broadridge SIS and Broadridge BPS Advantage systems for daily processing of data files and information for correspondent billing and settlement, commission software and compensation management, performance measurement system, profit analyses and more.

Xtiva and Broadridge have created a managed file delivery service for Broadridge self-clearing firms, Broadridge operations outsourcing firms, and for fully-disclosed clients of Penson Financial Services using the Broadridge BPS platform. Through this service specially produced Xtiva-ready nightly batch files can be generated and delivered directly to Xtiva on an automated basis.

Thomson Reuters BETA Systems

www.thomsonreuters.com
Since 2005, Xtiva and Thomson Reuters BETA Systems have worked together to design, develop and maintain import routines that match the daily information broker-dealers need from the BETA Systems clearing platform. With Xtiva, clearing firms and self-clearing broker-dealers with the BETA Systems back-office can efficiently process daily information for correspondent billing and settlement, commission software and compensation management, performance measurement system, profit analysis and more.

Sungard Stream Phase

www.sungard.com.com
Since 2004, Xtiva and Sungard have worked together to design, develop and maintain import routines that match the daily information that self-clearing broker-dealers need from the Stream Phase3 clearing platform. With Xtiva, clearing firms and self-clearing broker-dealers with the Stream Phase3 back-office can efficiently process daily information for correspondent billing and settlement, commission software and compensation management, performance measurement system, profit analyses and more.