The Phoenix FundTrader Mutual Fund Trading and Reconciliation module allows originators of mutual fund trades, such as brokers, banks, insurance companies and third party administrators of defined contribution plans, the ability to automate and standardize their entire mutual fund trading and reconciliation process.

FundTrader has many benefits and advantages for firms such as

- Standardization of trading and reconciliation processes
- Increased efficiency through automation
- Lower overall trading and reconciliation costs
- Reduction of manual processing errors

The FundTrader Mutual Fund Trading and Reconciliation module can be implemented in two methods;

-Integrated into the Phoenix’ FundTrader sub accounting and client servicing platform

or

-Integrated with any third party back office sub accounting, recordkeeping, trust or brokerage system that has file import and extract capability

FundTrader provides straight through processing of trades, to virtually every domestic mutual fund through its seamless connectivity to the NSCC FUND/SERV, DST TIP, Canadian FundServ, proprietary fund and trust company links.

FundTrader has unparalleled functionality with features such as;

· Processing Enrollments
· Fully disclosed or Omnibus Trading
· “Late day” (DCC&S) Trading
· Receipt of Confirmations
· Automated Settlement of monies (NSCC)
· Position Reconciliation (omnibus and fully disclosed)
· Receipt of Dividends
· Receipt of Fund Prices
· Receipt of Daily Activity- daily closing balances
· Receipt of all types of Commissions
· Automation of processes