Get Your Ducks in a Row: The Power of Data Aggregation and a Centralized Database
Commission Data Aggregation
Pandia supports a wide variety of standard sources of commission information including: National Financial, Pershing, Beta, First Clearing Corporation, NSCC, DTCC, and DST. Pandia handles a diverse range of data feeds and aggregates them into its proprietary data structure. This data structure is designed to keep track of the information that is important to a broker-dealer, information such as: capped and uncapped commissions, source of funds, referral information, and branch credit. In addition, trail and fee revenue is stored at the customer account level and can be reallocated as territories are reassigned.
The aggregation of all sources of revenue into one central database via electronic sources increases the accuracy of the data and reduces the amount of back office labor required to process the revenue.