Case Study – Prime Broker
Silver helped a major prime brokerage services provider add wash sales and fixed income processing capabilities to an existing portfolio accounting system. We did this without disrupting their current business and technical processes. Where other providers were unable to handle the extremely high-volume typical of prime accounts, Silver’s solution scaled to meet their needs, processing over 200,000 debt lots and more than 250 million wash sale sublots in just 3,500 accounts (some with millions of transactions). All was accomplished without requiring any ongoing stock record reconciliation, thereby minimizing operational overhead.