WORP-Private, from a single operational console, equipped with alarms to monitor customers positions and investment strategies, handle all types of financial instruments normally available to private customers (equity, bonds and derivatives listed on regulates markets, bonds traded OTC, interest rate and FX derivatives, money market, funds and funds of funds).

Customers positions are updated in real time and displayed hierarchically. Over 100 pre-trade filters ensure that orders will go to market only if all requisites are successfully passed. Adequacy and appropriateness   validation, complete management of recommendations register ensure full compatibility with MiFID requirements.

Anagraphical files and position reports available on-line with the highest level of detail ensure advisors of the best level of information prior to communicate with customers and give the Institute the certainty of having the customers' assets under control.

WORP-Private users have access to both market data and news, can quickly check the dossiers  that have a specific security in position and take appropriate actions with the customers.

Through the integrated simulator, the recommendations are analyzed in terms of adequacy, against the risk profiles and the asset allocation models agreed with the customers. The system allows the automatic generation of recommendations straight from the simulations, and is able to automatically integrate the type of dossier (consulting, execution-only, sourced from simulation, etc..) feeding automatically or manually the register of recommendations.

Orders inserted by Financial Advisors are immediately available to traders. The integration with WORP-Trading allows mouse trading for simple orders and offers order management capabilities (care order, lists, basket of orders, etc.). An ad-hoc interface allows insertion of orders negotiated by telephone/OTC. Finally, orders sent without specifying the target venue that must be executed in the best interest of the clients are managed through the smart order routing  using WORP-SORM.

To make the relationship between advisors and clients as efficient as possible, commissions exceptions can be handled before sending the orders to the traders. These and many other middle office features (trade aggregation, order split, order history, account errors, ...) are addressed through WORP-MOS.

Distributed reporting capabilities allow authorized users, using a client workstation or accessing data via web portal, to view online dossiers’ positions, including real-time status of outstanding and working orders. Standard reports are available and custom reports can be displayed in seconds and both can be sent electronically to customers.

The risk management and simulation functionalities offered by WORP-Risk, guarantee real-time monitoring of dossiers’ positions against limits: position, concentration, stop loss, margins and short positions on deals that might generate potential losses. Violations and return in range are immediately notified to users.

Functions for daily comparison against model portfolios are available. The misalignments are notified automatically to the advisors so that customers are promptly offered the appropriate advices.

Customer orders are analyzed by WORP-MAD to detect suspicious operations, to monitor the best execution and to report those orders that have violated the adequacy and appropriateness or execution policy criteria.