Cranbury, NJ (PRWEB) October 11, 2012
MiddleLINK Technologies has introduced a new CMTA billing software, designated BillingLink, as the first platform to offer CMTA trade affirmation and dispute resolution within a communications portal. The portal allows the billing party and the payee to communicate in near real-time, with the goal of reducing trade breaks and eliminating lengthy commission disputes. BillingLINK will replace current CMTA billing processes characterized by manual record keeping and lengthy disputes, and typically plagued by a high level of receivables.
“So much time passes between the time when the trades are made and the bill is delivered that it leaves a lot of room for error and interpretation. Then it often becomes a difficult puzzle to figure out where the error came from and how it will be resolved”, said Upendra Shah, Co-founder and CEO of MiddleLINK Technologies. “Our BillingLink platform is setup as a network where B/D’s, Prime’s and clients can communicate in real-time (post-trade) for affirmation, disputes and resolutions. It is a truly neutral technology solution”
BillingLINK can also be configured for automating billing by Exchanges, EMS's, ATS's, and Algo providers, serving as an effective database for clients to manage payments, revenues, and aged receivables.
Additionally, MiddleLINK Technologies, LLC announced that it has changed its name from DHIRA Middle Office Solutions, while maintaining the same management and strategy to offer high quality and expertise in all facets of middle office services and products. “I think our new image truly reflects who we are and what we do. We have also modularized our product so that it is easier than ever for a company to utilize our services, whether it be only for our expense management or real-time portfolio margin product. We can now bring products to the consumer at a lower price point”, said Shah.
About MiddleLINK Technologies, LLC
MiddleLINK Technologies, LLC, previously DHIRA Middle Office Solutions, is a financial software products company that specializes in providing enterprise-wide profitability, productivity, risk, and compliance solutions to Agency Broker/Dealers, Hedge Funds, Prime Brokers, and Trading and Clearing Firms. We help you uncover hidden revenue opportunities by streamlining and reducing operational costs and providing greater efficiency dealing with compliance and regulatory demands through our Business Analysis and Portfolio Margin tools.