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UAT Launches iPerX to Enhance Commission Recapture Programs

DENVER Feb. 28, 2011

Tom Warren

The multi-patented iPerX product increases recapture rates for up to 75% of an account’s order flow, which is triple the current 25% industry norm. iPerX provides an algorithm to money managers that, through a single screen, enables the automation of a fund or plan’s recapture goals. This algorithm categorizes orders, using a real-time rules-based process, as high touch or low touch based on their potential market impact. The low-touch orders, typically up to 75% of an account’s order flow, are auto-routed to a fund or plan’s designated low-cost agency brokers to maximize commission savings. The money manager’s trading desk "works" the high-touch orders to provide true value-added service on orders with significant expected market impact.

"At its most basic level for money managers, iPerX increases the efficiency of their trading desk. The money managers retain complete control over all order management and trading as well as the iPerX algorithm’s rules for determining market impact," Mr. Warren said. "At a time when many money manager trading desks are facing staff reductions, iPerX’s automation is a valuable asset."

As a web-based solution, iPerX requires no additional personnel or supervisory resources to run and has no installation costs or minimum requirements. iPerX is also available for licensing to current providers of commission recapture programs, with the added benefit of substantially increased revenues and enhanced services for these providers.

$1 billion

$3.5 trillion United States

Dana Taormina

About UAT Inc.

Denver, Colo.


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