At PhillipCapital, we provide correspondent clearing services for local and overseas financial institutions across twenty-six exchanges. We provide execution, clearing, currency conversions as well as customized solutions such as intraday files and risk reports. With our longtime presence in Asia, PhillipCapital offers US entity FCMs a one stop shop for both clearing and execution services to the major Asian exchanges. Furthermore, we offer offshore financial institutions clearing services for US futures and commodities at competitive rates.
We clear the following exchanges directly:
US
Exchange Memberships of PhillipCapital
CME
CBOT
NYMEX
COMEX
CFE
ICE Futures US
NFX
Non US
Exchange Memberships of PhillipCapital
DME
ICE Futures EU
Asia
Exchange memberships of PhillipCapital intermediary Companies
Singapore
SGX
SMX
Hong Kong
HKEX
India
NCDEX
MCX
NSE
BSE
NSPOT
IEX
Indonesia
ICDX
Japan
OSE
TOCOM
TSE
Malaysia
BURSA
Thailand
TFEX
Dubai
DGCX
Turkey
Borsa Instanbul
Facilities Management
PhillipCapital provides institutional customers with facilities management at an extremely cost effective and reasonable manner. Since we develop and own our back office software, our key differentiator as a facilities management provider is that we are industry practitioners and users of the software ourselves. Hence we are uniquely able to provide you with the industry practical knowledge that other vendors, who only provide the software but do not use it themselves, can’t.
Facilities Management Services Provided by PhillipCapital
Customer statements
Customized reporting
Provide access to all firm level standard reporting and access to the back office to see trades & post trade risk reporting
Position reporting and CGM reporting (intraday, end of day, CGM for all CME Group exchanges)
Option Expirations
Balance positions to the exchange and provide reconciliation details for reference and for use in reviewing financials
Load new contracts to the back office
Perform position close-outs
Notification of upcoming calendar events
Investigate and rectify trade breaks (exchange to back office and back office to trading platform)
Perform transfers and give-ups to other clearing firms
Provide firm soft access to see working orders
Provide read access to front end clearing retain clearing records
Consultation Services
PhillipCapital provides consultation for firms looking to self-clear and acquire exchange memberships. We are familiar with the involved process of becoming clearing members of major global exchanges and have been assisting other firms with practical and compliance procedures when setting up. We provide consultation for the following areas: