Cloud-based Live Trade Confirmation Solution

Company Overview

Aruhat Technologies Pvt. Ltd. is a 20-year-young SMS aggregator, renowned for its innovative SMS Gateway Technology. The company is ISO 9001:2008 certified and has been honored with the GESIA Award for its outstanding contributions to the industry. Aruhat specializes in providing cloud-based solutions for share brokers, enabling real-time trade confirmations via SMS.

Business Challenge

The financial markets operate at a rapid pace, where timely and accurate communication is crucial for maintaining transparency and trust between share brokers and their clients. Traditional methods of trade confirmation were often slow and prone to errors, leading to client dissatisfaction and potential compliance issues. Aruhat recognized the need for a robust, automated solution to address these challenges.

Solution

Aruhat developed a Cloud-based Live Trade Confirmation Solution designed to send real-time trade confirmations to clients via SMS. The key features and benefits of this solution include:

Features

Cloud-based Technology : Provides scalable and reliable service accessible from anywhere.
Web-based Access : Enables easy management and monitoring of trade confirmations.
Exchange-wise Trade File/Database Support : Ensures compatibility with various exchanges.
Live Trade Confirmation by SMS : Sends instant notifications to clients as soon as trades are executed.
Dashboard for Live Traffic/Order Confirmation : Allows brokers to monitor real-time trade activity.
MIS Reports : Generates detailed reports for management information and analysis.
Live Delivery Reports for Compliance : Provides real-time delivery status for compliance purposes.
Add-On Compliance Reports : Facilitates trade confirmations from clients.

Compliance Module

The compliance module offers multiple options to enhance client engagement and ensure regulatory adherence

Sending a link with live trade SMS during market hours.
Sending an end-of-day (EOD) link with the live trade SMS summary.
Sending an EOD SMS with a link only.
Clients can check and confirm their trade details through OTP authentication, providing real-time trade acknowledgments with timestamps.

Benefits

The solution offers several significant benefits

Transparency : Enhances trust between brokers and clients by providing clear and immediate communication.
Error Reduction : Minimizes trade errors through automated, real-time confirmations.
Customer Satisfaction : Increases client satisfaction by ensuring timely and accurate trade information.
Trade Error Rectification : Allows for the correction of errors during market hours, preventing potential losses.
Automation : Reduces manual effort, saving time and energy for brokers.
Focus on Trading : Enables dealers to concentrate on executing trades rather than administrative tasks.
Compliance Support : SMS reports serve as supporting documents for regulatory compliance.

Technology Highlights

Aruhat’s cloud-based platform is used by over 250 share brokers in India and handles a monthly SMS traffic of 100 million. The technology features multiple gateway connections with auto-routing for fast SMS delivery, advanced error code mapping, and the capability of processing 10,000 transactions per second (TPS). The platform adheres to the latest TRAI standards and employs advanced queuing standards to optimize sending time.

Impact

Aruhat’s Cloud-based Live Trade Confirmation Solution has revolutionized the way share brokers communicate with their clients. By automating the trade confirmation process, the solution has significantly reduced errors, enhanced transparency, and improved overall client satisfaction. The platform’s robust compliance features ensure that brokers remain adherent to regulatory standards, thereby mitigating potential risks and fostering a culture of trust and reliability.

Conclusion

Aruhat Technologies Pvt. Ltd. has successfully addressed a critical need in the financial markets with its innovative Cloud-based Live Trade Confirmation Solution. The company continues to lead the industry with its advanced SMS Gateway Technology, providing reliable, efficient, and compliant communication solutions to share brokers and their clients.