When properly integrated, QUO can use the Bank’s risk management limits on accounts and also clear cash balances. In addition, any enhanced mandate related rules can be programmed into QUO as well or can be checked via API direct from the core bank system. Additionally, some of the core bank systems are not real time. With QUO, the Core Bank systems can have information relayed to it that is as close as real time to possible. Hence it is also possible to get T+0 portfolio details.
Banks gain invaluable information on their clients assets and complete order flow. It allows EAM’s and RM’s to focus in providing value added rather than dealing with workflow related issues. RMs can also advise their clients on issues like Strategic Asset Allocation and Portfolio changes rather than just simple security advice. This deepens the relationship and creates client retention.