Equity and Fixed Income Traders need tools that allow them to accept orders across all the wealth managers in the firm, block them together, and route them to one of numerous brokers based on commission arrangements. The APCO System is designed to handle this institutional workflow.
The APCO System tracks all of the partial fills provided by the brokers and maps them back to the underlying block allocations on a weighted basis. Throughout the day the system uploads the executed trades along with all the granular settlement data to each of the account custodians involved. The system also carries any partial fills forward to the next day so the open shares can be sent out as a new order.