Broker Dealer Platform

Empowering Broker-Dealers with Scalable and Secure Solutions

Broker-dealers are entities that buy and sell securities and distribute other investment products, serving a dual function as their name suggests. As dealers, they execute transactions for the brokerage firm's own account, while as brokers, they facilitate transactions by buying and selling securities on behalf of their clients. In these dual roles, broker-dealers perform essential functions in the financial markets, they help maintain the liquidity of securities by ensuring their availability in the open market, and they actively trade in their own accounts to support market stability for their clients. Because of their critical role, broker-dealers are well-compensated, earning fees on one or both sides of a securities transaction.

Broker-Dealer

Fintech

CTO-as-a-Service

Investments

Expertise

Fintech software, Financial Services

Deliverables

Strategy, Design, Development, Maintenance

Tech Stack

Google Cloud and related services: Google SQL, Kubernetes, Google build, and Cloud functions, python, golang, Vuejs, Stylus, Postgres, playwright

Expertise

Fintech software, Financial Services

Deliverables

Strategy, Design, Development, Maintenance

Tech Stack

Google Cloud and related services: Google SQL, Kubernetes, Google build, and Cloud functions, python, golang, Vuejs, Stylus, Postgres, playwright

Challenges For Innovators

Operating as a broker-dealer requires meeting stringent regulatory, technical, and operational challenges. From ensuring the robustness of infrastructure and compliance with complex regulations to managing cybersecurity, data retention, and trade surveillance, broker-dealers must adopt advanced technology and risk management practices. The costs and complexities of meeting these requirements are substantial, and firms must continuously invest in improving their systems to maintain compliance and security while serving their clients effectively.

  • Infrastructure requirements
  • Compliance Requirements
  • Cybersecurity Requirements
  • Reporting Recordkeeping Systems
  • Data protection Requirements
  • Data Retention and Management
  • Trade Surveillance and Monitoring
  • Other requirements

Embracing Webdevelop PRO for Success

80%

Reduction in customer acquisition costs

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“The development work delivered by Webdevelop PRO completely exceeded the client’s expectations for the project and enabled them to successfully launch and maintain their platform. Their team is dedicated to the long-term quality of what they create and put effort into meeting all deadlines.”

Ken Staut, Head of Corporate Development at Yieldstreet

Challenges For Innovators

Infrastructure requirements

  • Scalability and Reliability: Broker-dealers must ensure their systems can handle high volumes of transactions, especially during peak trading periods, without performance degradation or failure. While this can be a complex challenge, we handle-million-requests-second-during-rush-hours to effectively address these scalability demands.
  • Data Integrity: Systems must maintain the integrity and accuracy of transaction data, ensuring that all trades are processed correctly and in compliance with regulatory requirements. We are using trusted partners and proven over the years flow.
  • Redundancy and Failover: Firms must implement redundancy and failover mechanisms to ensure business continuity in the event of system failures. This includes backup systems, data replication, and disaster recovery plans. We are using DevOps sophisticated technics to provide monitoring and backups on scale.

Cybersecurity Requirements

Reporting and Recordkeeping Systems

  • Order Audit Trail System (OATS): Broker-dealers must have systems in place to comply with OATS reporting requirements, which involve the collection, transmission, and retention of detailed order information to FINRA.
  • Electronic Blue Sheets (EBS): Firms must be capable of generating and submitting EBS data to the SEC upon request, which details trade data for specific securities.
  • Automated Submission of Data: Broker-dealers must have systems that can automatically generate and submit regulatory reports, such as FOCUS (Financial and Operational Combined Uniform Single) reports, TRACE (Trade Reporting and Compliance Engine) submissions, and other required filings.
  • Our administration panel, integrated: with filer service and notification service, empowers operations teams to respond swiftly, ensuring consistent and compliant operation flow.

Data protection Requirements

  • Client Data Privacy: Broker-dealers collect sensitive financial and personal information must comply with privacy regulations to protect client data and avoid regulatory penalties. We are using proven over the years dataflow.
  • Data Encryption: Sensitive data must be encrypted both in transit and at rest to ensure that it is protected from unauthorized access. We constantly upgrading our system and proactively monitoring OWASP reports.
  • Enhanced data protection process: Our platform adheres to the stringent security and identity verification standards outlined in NIST 800-63B, ensuring compliance with industry-leading protocols for secure digital interactions.

Data Retention and Management

  • SEC Rule 17a-4 Compliance: Broker-dealers are required to retain certain records for up to six years under SEC Rule 17a-4. These records include customer communications, order records, and financial statements, which must be stored in a non-erasable, non-rewritable format (WORM).
  • Cost of Storage and Management: Maintaining vast amounts of data securely and ensuring its availability for regulatory audits is expensive. Implementing a system that automates data retention, while meeting regulatory requirements, is technically challenging and requires continuous monitoring.
  • Archiving Communications: Broker-dealers must archive all communications with customers, including emails, chat messages, and social media interactions, which can be a massive undertaking given the volume and need for ongoing access.
  • Our system leverages: cost-effective data storage solutions to securely retain records required under SEC Rule 17a-4, including customer communications, order records, and financial statements. These records are stored in regulatory-compliance format and can be easily retrieved whenever needed.

Trade Surveillance and Monitoring:

  • Real-Time Monitoring Systems: Broker-dealers are required to implement automated systems to monitor trading activities for signs of market manipulation, insider trading, and other violations of securities laws. Our monitoring and acceleration tools a real-time alerts for any suspicious activities.
  • Best Execution Practices: Broker-dealers are required to seek the best execution for their clients' orders. Monitoring and documenting execution quality across multiple markets and comparing performance are essential for demonstrating compliance.
  • Suspicious Activity Detection: Implementing tools to detect suspicious activities, such as unusually large or frequent trades that could indicate fraud or money laundering, is critical but requires advanced technology and expertise.

Other Requirements:

  • Business Continuity Planning (BCP): Broker-dealers must have a comprehensive business continuity plan in place to ensure continued operations during disruptions. By using proper DevOps solutions one can build resilient platform.
  • Client Communication and Disclosures: Broker-dealers must provide clear, accurate, and timely disclosures to their clients regarding fees, conflicts of interest, and the nature of investments. Maintaining transparency and managing ongoing communication with clients is both a regulatory and operational challenge. Our administration panel, integrated with email service, empowers operations teams to respond swiftly to unforeseen events, ensuring consistent and compliant client engagement.
  • Capital and Liquidity Requirements: Broker-dealers must maintain certain levels of capital and liquidity at all times, depending on their business model. Monitoring and managing capital levels in real time to avoid falling below regulatory thresholds is essential to avoid penalties or regulatory action.
Unique Proposition

How We Can Help

Your All-in-One Broker Dealer Platform Solution

Webdevelop Pro offers a robust, compliant, and scalable software solution specifically designed to address the unique challenges of broker-dealer operations. Our platform ensures seamless performance while safeguarding critical infrastructure and maintaining regulatory compliance.

Webdevelop Pro is the complete solution for managing your broker-dealer platform. Contact us to schedule a demo and learn how we can optimize your broker-dealer operations.

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Broker Dealer Software Components

Contact Us Broker Dealer Software Guidance
Administration Panel

Administration Panel

Ultimate solution managing your investment platform, including user profiles, investment portfolios, and fund transfers. Gain advanced control over key operations such as processing refunds, distributing dividends, and addressing legal requests and more

User Management

User Management

Our User service is a comprehensive identity management solution, designed to efficiently handle authentication and authorization, with advanced security - MFA, Passwordless & 2FA authentication and access control

Regulatory Compliance

Regulatory Compliance

Is is your reliable partner in maintaining regulatory compliance and safeguarding against identity-related risks, offering an essential solution for verifications and managing customer identities effectively.

Payment System

Payment System

Integral component of the financial ecosystem, designed to streamline a wide range of transactions APIs to facilitates a seamless experience for the fund transfers using variety of methods - WIRE, AHC, RTP.

Notification System

Notification System

We build a state-of-the-art communication tools for efficient bidirectional data streaming, ensuring real-time client notifications and enhance email communication to make sure users will receive your message and won’t miss any important notifications.

Escrow Management

Escrow Management

Our Escrow Service enhances security and trust in transactions by holding the payment with a neutral third party, ensuring the seller only receives funds after the buyer confirms receipt of goods or services, protecting both parties

Offer Management

Offer Management

Facilitates the creation of investment opportunities, tailored to meet the high standards of discerning investors, while ensuring compliance and flexibility across various regulations and security types

Security Solutions

Security Solutions

At the core of our development process is a steadfast commitment to software security. To protect important data from loss or inappropriate disclosure, we follow solid pipelines and carry out security measures at each development step.

Filer Service

Filer Service

The Filer service is a cloud-based file storage system that securely stores files and manages metadata, using a robust collection of APIs for seamless file interaction and efficient handling through an integrated database management system

Logging System

Logging System

Centralized, efficient ingestion and collection of logs from various sources, including servers, applications, and devices, offering a unified platform to meet all your logging needs

Electronic Signature

Electronic Signature

Seamless, secure solution for integrating with top electronic signature providers, simplifying the creation of legally binding documents while offering flexibility and choice

Investment System

Investment System

Streamlines and optimizes the entire investment process, offering an essential tool for both novice and experienced investors to efficiently manage portfolios from inception to disposition

Project Timeline

Initial research and development

Duration: 2 weeks

Conducting thorough research on existing solutions and compiling a list of functionalities in accordance with the client's specific requirements.

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