
Primary and regional fixed-income desks clear $1 billion to $180 billion a month on AFS — with higher automated throughput and meaningfully lower headcount than legacy processing.
Sell-side MBS processing is still largely manual. Legacy approaches require two to three times the operations headcount to clear comparable volume. In the age of automation, that’s a structural disadvantage.
Primary and regional dealer clients across the full volume range.
| Legacy / manual | AFS | |
|---|---|---|
| Automated throughput | Partial | High |
| Ops headcount | 2–3× higher | < 3 FTEs |
| Overhead model | Brick & mortar | Virtual / low cost |
| Exception handling | Queue | Color-coded |

Create custom user projects and templates to standardize operations.

Users see and manage all trade and clearance flows.

Exception-based EPN messages are color-coded to aid user prioritization.

All dealer-required clearance and settlement functionality in one place.
See the dealer workflow end to end.