“Trading Places” © Paramount Pictures

Brokerage Reconciliation Software

What is CLEAR?

During the analog days of open outcry, the New York Mercantile Exchange utilized a universal back-office system for daily trade capture, monthly invoicing and collections. We couldn’t understand why today’s process is so time-consuming and painstakingly manual, while it was so simple 30 years ago. So, we created CLEAR to reduce time spent on Middle and Back office work by up to 90%.

CLEAR Count - Realtime Invoice Reconciliation

Trader Workflow

Broker invoices automatically pulled into CLEAR on the 1st of the month
CLEAR Count compares invoices to rate sheet and shows discrepancies on a trade-by-trade basis
Invoice from ABC Commodity Brokers for April, 2017received April 30th 2017, 3:53:35 pmApproveFlag for ReviewShow ConflictsEmailUnder ReviewInvoice Total: $18,250Overcharged by $1,450CLEAR Count Total: $16,800Trade IDDescriptionRateBillable9208609Sell 750 Q3 17 WA -0.25 Straddle strip at 0.210.0040 $ / bbl$9,000.009208610Sell 800 Jun 17 LO 56.00/60.00 1 x 2 Call Spread at 0.210.0040 $ / bbl$3,200.009208611Sell 400 Q3 17 WA -0.25 Put strip at 0.100.0040 $ / bbl$4,800.009208612Sell 1,000 Apr 17 CL at 48.651.2500 $ / lot$1,250.00Trade IDDescriptionRateBillable9208609Sell 750 Q3 17 WA -0.25 Straddle strip at 0.210.0040 $ / bbl$9,000.009208610Sell 800 Jun 17 LO 56.00/60.00 1 x 2 Call Spread at 0.210.0025 $ / bbl$2,000.009208611Sell 400 Q3 17 WA -0.25 Put strip at 0.100.0040 $ / bbl$4,800.009208612Sell 1,000 Apr 17 CL at 48.651.0000 $ / lot$1,000.00
Approved?
YesAccounting SystemPayment
NoEmail Discrepancies to Brokers
see demo

Middle Office for Brokers

Broker Workflow

TradeBank Account FeedAutomatic ConfirmInstant ICE Chat ConfirmsEmail ConfirmsAggregate Confirms by CustomerAP Commission by AccountPerformance StatisticsAggregate InvoicesAP CommissionNFA Month End I-FR-B AccrualsQuickbooks, Xero, IntacctNetsuite, OracleEnd of DayEnd of MonthInternal Accounting SoftwareAccounting IntegrationTracking Collection DataCMEICENDQBroker Data EntryTrade Capture
see demo
I'd like to set up a free 3-month trial
By marking this checkbox, I acknowledge that I have read and accepted the terms & conditions.

Our team

Rudy Hasbun
Rod Hasbun
Anton Svyatsky
Adela Peña
Dmitry Koteroff
Alexey Pshenichny
Talk to us

Headquarters
Clear Software Co.
3118 Richmond Avenue
Suite 200
Houston, TX 77098

Terms of Service & Privacy Policy. © CLEAR 2017. All Rights Reserved.