5. Fincor – Sociedade Corretora, S.A.
Portugal’s largest independent stock broker with over 20 year track record in the
capital markets, regulated by the Bank of Portugal, CMVM and member of Euronext’s
four markets
100% subsidiary of Patris Investimentos, SGPS since July 2009
Adding value to clients by offering a complete range of financial products and
services with unique impartial approach and deep local knowledge, in a user-friendly
environment, at extremely competitive costs
Now part of Patris’ “one-stop-shop” for financial products, offering:
Insurance brokerage;
Banking products:
Deposits
Loans
Taylor made financing solutions
Capital markets;
Fixed Income;
Portfolio management.
5
6. Fincor at a Glance
SERVICES PRODUCTS
Global Order Execution Stocks
Day trader and Money Manager Warrants
Online trading Futures, Options & Commodities
Stock Portfolio Management CFDs
Global Custody Services International Funds
Margin Lending Structured Products
Consultancy Forex and Money Markets
Fixed Income
PLATFORMS PARTNERSHIPS
IG Markets
Desk Trader
Sungard Group
Electronic / STP
Interactive Brokers
Financial Centres
Credit Suisse
Market Order Collector for:
Cheuvreux
GL
BNP Paribas
Bloomberg
Caja Madrid
Reuters
AKJ
ECN
Inversis
FIX
6
7. Evolution
Business Model 2008 2009 2010 2011
Financial Products i. Stocks i. Stocks i. Stocks i. Stocks
ii. CFDs ii. CFDs
iii. Other Derivatives iii. Other Derivatives
iv. Forex iv. Forex
v. Money Markets v. Money Markets
vi. Fixed Income
Clients i. Private Clients i. Private Clients i. Private Clients i. Private Clients
ii. Institucionals ii. Institucionals
Channels i. Telephone i. Telephone i. Telephone i. Telephone
ii. Branches ii. Branches ii. Branches ii. Branches
iii. Online iii. Online
iv. Electronic Execution
Business Areas i. Brokerage i. Brokerage i. Brokerage i. Brokerage
ii. Margin Lending
iii. Asset Management
iv. Dealer
7
8. Equity Stock Market – CMVM League Table
Portugal’s
largest
independent
broker in the
equity stock
market
8
10. Fincor’s Objectives
FINCOR AIMS TO PROVIDE:
Best execution
Cost effectiveness
Full range of financial products and services
User-friendly environment
Client support
Independence and impartiality
Transparency
Real time execution
Straight Through Processing
Capturing retail flow through aggregators
Enhancing trading efficiency for corporate institutions
10
11. Service
WHY FINCOR?
Portugal’s largest independent stock broker
Global approach to Execution, Clearing and Custody
Full range of financial products: Equities, Derivatives, MM, FX and Bonds
Cost effective solution
Increasing market share in Portugal, now exceeding 5% in shares trading
Direct Market Access (DMA) trading:
See and interact directly with the order books of a range of international exchanges
Gauge the market’s liquidity and place orders at any level
Avant-garde pack of solutions that includes state of the art trading and risk control
management platforms
Truly independent approach with fully impartial advice
A business oriented proactive team
One-to-one personalised service
11
12. Client Base
OUR CLIENTS ACROSS EUROPE, USA, AND LATAM
Retail and investment banking community
Insurance companies
Institutional fund managers
Equity investment consultants and money managers
Family Offices
e-Brokers, e-Banks
Retail aggregators
Stock exchanges
High Net Worth individuals
Other private clients
12
14. Market Access
ACCESS TO MARKETS WORLDWIDE
London Brussels Amsterdam Scandinavia Frankfurt Round the clock
CFDs desk
Tokyo/Osaka
Zurich
Hong Kong
New York Singapore
Paris
Sydney
Lisbon
Madrid
Milan
14
15. Accessing the Financial Markets
Institutional Private Electronic
Investors Internet
Investors Platforms
· Global Order and Execution Management
Efficient Processing · Straight Through Processing
Global Coverage
Global Coverage and Footprint
Execution
• Research
Technical Analysis
• Trading
• New Issue Relationship Management
Sales and
Call Centre
• Sales and Relationship Management
Capturing Maximum Order Flow Through
Electronic Platforms
15
16. Electronic Trading Diagram
Membership: Access to:
Institutional
Fund Managers NASDAQ / AMEX / NYSE
Retail Banks Euronext Copenhagen
FINCOR Frankfurt (XETRA)
- Lisbon
Helsinki
- Amsterdam London
Electronic - Brussels Milan
Trading Madrid
- Paris Oslo
Small Investors
Stockholm
Day traders Zurich
Financial Shops FIX
Gateway
V4.2
(V4.3)
Remote Screens Bloomberg
• Sungard Execution
•Bloomberg Sungard
• APIs Global Trade
• Internet Portals Internal
Stock External
ECN
FIX Engine Exchange Cross
Selling
16
17. Electronic Connectivity
Cash Markets Euronext
Membership
Bloomberg FINCOR
FINCOR
Lisbon
Lisbon
GL Net
O Nasdaq
FINCOR
Trading System
R NYSE
AMEX
C
M
O
Remote GL Win screen M Brokers
S
S
APIs
ECN
OMS
RCOMS
manager
manager
FIX
17
18. Electronic Connectivity
Derivatives
Chicago Board of Trade
FINCOR Chicago Board Options Exchange
FINCOR Chicago Mercantile Exchange
Lisbon Commodity Exchange Inc
Lisbon New York Board of Trade
New York Futures Exchange
WWW B New York Mercantile Exchange
FINCOR O R
Derivatives Trading System R O
(Internet Protocol)
C K
M E
O
R Financial Instruments Exchange
M S
ICE
S LIFFE
S London Metal Exchange
Eurex AG
OMS
RCOMS
manager
manager
18
19. The STP Process
Order Entry
Networks
Execution FINCOR
(Lisbon)
Execution
• Global Broker Relationships
Global • Local Broker Relationships
Custody Systems • Direct Exchange Memberships
Clearance & Settlements
Settlement GLOBAL
Instructions CUSTODY
Creation ACCOUNTS
Custody Reporting
Client Custody Reporting
19
20. The Workflow Diagram
Confirmation, Matching & Clearing
Client Fincor Exchange
Front
Office Order Order
Back Trade Trade Confirmation
Confirmation
Office
Electronic Matching &
Matching Confirmation:
• S.W.I.F.T.
Agent • FIX
Instructions Confirmation
Bank
20
