Commission Management for Every CSA Broker
Turn CSAs Into an Easy-to-Manage Revenue Source
Get the #1 CSA Solution and put an end to the operational and reputational risk – and the expense - of trying to manage your CSA program by hand.
Brokers can efficiently manage commission management for in-house CSA clients and those clients who use external CSA aggregators. Commander provides a solid infrastructure for brokers to meet all requirements for CSA/RPA management, including commission split rules to facilitate research commission credit, trade reconciliation, research payment processing (with built-in risk controls), and provides daily access to CSA balances and more. Brokers can leverage Castine’s State-of-the-Art CSA technology to offer clients a simple and intuitive way to fulfill their research funding needs.
Commission Management in a Box
Castine’s Commander system has all the answers you and your clients need. Clients, administrators, and customer support staff have their portals to get to the information they need quickly and clearly. From bringing trades in and splitting them as each client’s rules dictate to doing reconciliation and ensuring that each payment is done quickly and fully approved, Commander takes care of every task along the way.
Castine is the Connection Wizard!
We’ve worked with essentially every data provider you’d need to connect to, from clearing files to account mapping and from HR and trail feeds to connecting to every accounting system imaginable. Castine has you covered, so you can focus on growth.
Benefits
Commission Management without the headaches
Automate your entire commission management workflow from customer acquisition to setting unbundling rules, to full payment approval workflow. Avoid the errors and omissions of manual systems.
Clients Will Love You
Clients have their own portal to see all of their trades, the splits involved, the amount(s) in their wallet (we’re fully multi-currency), and all of their payment history and current status on pending payments. Clients can get their own answers 24/7, allowing you to focus on the overall relationship with your clients and helping them, and you, grow.
You’ll Love Our Aggregation Flexibility
The Commander system let’s you operate as a direct CSA broker, where you offer CSA services, including payments, directly to your client. We also let you offer full aggregation services, where your clients direct their brokers to send you their CSA balances so they can pay out of one wallet. If clients want you to forward balances to different aggregator, that’s also in the DNA of our systems. Even “virtual” aggregations, which lets a client’s brokers keep their balances but treats them as one virtual wallet for payment purposes. Flexibility that lets you shine with your clients.
Industry Experts
We bring best practices to every project we work on. If you’re new to CSAs, we have you covered. With 30 years of experience, we can help get you up to speed quickly, on time, and on budget.
Reduce Operational Risk
Replace error-prone spreadsheets and manual processes with automated trade reconciliation and validation. Multi-pass engines with tolerance tuning catch discrepancies instantly, protecting your firm from costly mistakes and regulatory violations.
Chart Your Own Course
Instead of monolithic systems from other vendors, Castine’s systems let you decide what to use and how they should adapt to you instead of the other way around.
Future-Proof Your Technology Investment
Avoid the costly “rip and replace” cycle with modular architecture that adapts to regulatory changes and business evolution. Add capabilities as needed without disrupting existing workflows or losing historical data.
Empower Your Team
Free your sales team and customer support members from all the time and headaches of looking for answers in a manual or antique system. Castine’s Commander lets them get answers immediately, change splits in a split second, and run reports and analytics to ensure that everything is smooth sailing for them and for your clients.
Features
Trade Unbundling
Use Castine’s unbundling engine to get the most accurate view of balances across all trades and all the unique rules that clients require. Rules can be changed at any time, preserving historical results while ensuring that clients get the most up-to-date splits possible.
Unlimited Connectivity
Seamlessly connect to any clearing firm to collect trades. Castine has over 400 connections in its repository, allowing us to get the data that you need, on time, accurately, and with status monitoring to make sure nothing goes wrong. Whether it’s an sFTP feed, API, and XML, Castine can bring it in. Conversely, we also connect with essentially every accounting system that exists, making payment management smooth and distraction-free.
Multi-Pass Trade Reconciliation
Streamline trade reconciliation with tolerance-tuned engines that perform multi-pass reviews to quickly get to the breaks that need focusing on. Resolve commission discrepancies instantly and eliminate operational risks associated with manual processes.
Interactive Dashboard for Firm-Wide Analytics
Bring together all your firm’s information in a user-managed dashboard. Show up-to-date trade, payment, balance, and other data instead of requiring users to have to run dozens of reports individually. Turns data into actionable answers.
Modular Architecture
Break free from rigid, monolithic packages with Castine’s flexible building blocks approach. Start with any component and expand as needs evolve—from commission management to compensation and from outsourced trading to full client and trader performance reporting.