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Financial Institutions

Correspondent Clearing

At PhillipCapital, we provide correspondent clearing services for local and overseas financial institutions across twenty-six exchanges. We provide execution, clearing, currency conversions as well as customized solutions such as intraday files and risk reports. With our longtime presence in Asia, PhillipCapital offers US entity FCMs a one stop shop for both clearing and execution services to the major Asian exchanges. Furthermore, we offer offshore financial institutions clearing services for US futures and commodities at competitive rates.


We clear the following exchanges directly:

US

Exchange Memberships of PhillipCapital
  • CME
  • CBOT
  • NYMEX
  • COMEX
  • CFE
  • ICE Futures US
  • NFX

Non US

Exchange Memberships of PhillipCapital
  • DME
  • ICE Futures EU

Asia

Exchange memberships of PhillipCapital intermediary Companies

Singapore

  • SGX
  • SMX

Hong Kong

  • HKEX

India

  • NCDEX
  • MCX
  • NSE
  • BSE
  • NSPOT
  • IEX

Indonesia

  • ICDX

Japan

  • OSE
  • TOCOM
  • TSE

Malaysia

  • BURSA

Thailand

  • TFEX

Dubai

  • DGCX

Turkey

  • Borsa Instanbul

Facilities Management

PhillipCapital provides institutional customers with facilities management at an extremely cost effective and reasonable manner. Since we develop and own our back office software, our key differentiator as a facilities management provider is that we are industry practitioners and users of the software ourselves. Hence we are uniquely able to provide you with the industry practical knowledge that other vendors, who only provide the software but do not use it themselves, can’t.


Facilities Management Services Provided by PhillipCapital

  • Customer statements
  • Customized reporting
  • Provide access to all firm level standard reporting and access to the back office to see trades & post trade risk reporting
  • Position reporting and CGM reporting (intraday, end of day, CGM for all CME Group exchanges)
  • Option Expirations
  • Balance positions to the exchange and provide reconciliation details for reference and for use in reviewing financials
  • Load new contracts to the back office
  • Perform position close-outs
  • Notification of upcoming calendar events
  • Investigate and rectify trade breaks (exchange to back office and back office to trading platform)
  • Perform transfers and give-ups to other clearing firms
  • Provide firm soft access to see working orders
  • Provide read access to front end clearing retain clearing records

Consultation Services

PhillipCapital provides consultation for firms looking to self-clear and acquire exchange memberships. We are familiar with the involved process of becoming clearing members of major global exchanges and have been assisting other firms with practical and compliance procedures when setting up. We provide consultation for the following areas:


  • Compliance
  • Financial reporting
  • Operations

Financial Institutions