fincor presentation
TRANSCRIPT
FINCOR – Sociedade Corretora, S.A. A Winning Formula in the Financial Markets
2
Patris Investimentos, SGPS
3
Shareholder Structure
100%91,36%
100%
100% 100%
DC Seguros
99%
IMOPATRIS
F.E.I.I.
Acquired in July 2009 by
Patris Investimentos
4
Fincor – Sociedade Corretora, S.A.
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.
6
Fincor at a Glance
SERVICES
� Global Order Execution
� Day trader and Money Manager
� Online trading
� Stock Portfolio Management
� Global Custody Services
� Margin Lending
� Consultancy
PRODUCTS
� Stocks
� Warrants
� Futures, Options & Commodities
� CFDs
� International Funds
� Structured Products
� Forex and Money Markets
� Fixed Income
PLATFORMS
� Desk Trader
� Electronic / STP
� Financial Centres
� Market Order Collector for:
� GL
� Bloomberg
� Reuters
� ECN
� FIX
PARTNERSHIPS
� IG Markets
� Sungard Group
� Interactive Brokers
� Credit Suisse
� Cheuvreux
� BNP Paribas
� Caja Madrid
� AKJ
� Inversis
7
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
Evolution
8
Portugal’s
largest
independent
broker in the
equity stock
market
Equity Stock Market – CMVM League Table
9
Our Services
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
11
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
Service
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
13
Accessing the Financial Markets
14
Market Access
ACCESS TO MARKETS WORLDWIDE
London Frankfurt
Zurich
ScandinaviaAmsterdamBrussels
Singapore
Sydney
Tokyo/Osaka
Hong Kong
Round the clock CFDs desk
New York
Paris
Milan
Lisbon
Madrid
15
Accessing the Financial Markets
Global Coverage and Footprint• Research• Trading• New Issue• Sales and Relationship Management
Global Coverage and Footprint• Research• Trading• New Issue• Sales and Relationship Management
InstitutionalInvestors
PrivateInvestors
Internet
Efficient ProcessingEfficient Processing· Global Order and Execution Management· Straight Through Processing· Global Order and Execution Management· Straight Through Processing
ElectronicPlatforms
Global Coverage� Execution� Technical Analysis� Sales and Relationship Management� Call Centre
Capturing Maximum Order Flow ThroughElectronic Platforms
16
Electronic Trading Diagram
FINCOR
ElectronicTrading
FIX
Gateway
V4.2
(V4.3)
Bloomberg
Sungard
Global Trade
StockExchange
ECN
InternalExternal
CrossSelling
Execution
Institutional
Fund Managers
Retail Banks
Small Investors
Day traders
Financial Shops
Remote Screens
• Sungard
•Bloomberg
• APIs
• Internet Portals
FIX Engine
Membership:
Euronext- Lisbon- Amsterdam- Brussels- Paris
Access to:
NASDAQ / AMEX / NYSECopenhagenFrankfurt (XETRA)HelsinkiLondonMilanMadridOsloStockholmZurich
17
RCOMS
RCOMS
manager
FINCOR
Lisbon
Electronic Connectivity
Remote GL Win screen
APIs
Bloomberg
GL Net
E C N
Brokers
O
M
S
OMS
manager
FINCOR
Lisbon
FIX
FINCOR Trading System
Cash Markets
NasdaqNYSEAMEX
Euronext Membership
18
FINCORDerivatives Trading System
(Internet Protocol)
Electronic Connectivity
W W W
Derivatives
Chicago Board of TradeChicago Board Options ExchangeChicago Mercantile ExchangeCommodity Exchange IncNew York Board of TradeNew York Futures ExchangeNew York Mercantile Exchange
Financial Instruments ExchangeICELIFFELondon Metal Exchange
Eurex AG
B
R
O
K
E
R
S
RCOMS
RCOMS
manager
FINCOR
Lisbon
O
M
S
OMS
manager
FINCOR
Lisbon
19
The STP Process
FINCOR(Lisbon)
Execution
• Global Broker Relationships• Local Broker Relationships• Direct Exchange Memberships
Execution
GlobalCustody Systems
Clearance & Settlements
Custody Reporting
Client Custody Reporting
GLOBALCUSTODY
ACCOUNTS
SettlementInstructions
Creation
Order EntryNetworks
20
The Workflow Diagram
Confirmation, Matching & Clearing
Client Fincor
Order
Confirmation Confirmation
Order
Matching
Trade
FrontOffice
BackOffice
Trade
Instructions Confirmation
Exchange
AgentBank
Electronic Matching & Confirmation:
• S.W.I.F.T.
• FIX
21
Contacts
22
FINCOR – Sociedade Corretora, S.A. Tel.: +351 (21) 382 40 00Rua Castilho, 44 – 4º Andar 1250-071 Lisboa Fax: +351 (21) 0434 229www.fincor.pt Email: [email protected]
Headquarters:
José Manuel Duarte [email protected] +351 (21) 382 40 20Sales Trader
Vasco Passanha [email protected] +351 (21) 382 40 35Sales Trader
Institutional Clients Team:
Contacts
23
Nuno Gouveia [email protected] +351 (21) 382 40 26Head of FX / Money MarketsFixed Income +351 (21) 382 40 30
Forex / Money Markets / Fixed Income:
Francisco Oliveira [email protected] +351 (21) 0434231Sales Trader
Paulo Agostinho [email protected] +351 (21) 0434232Sales Trader
Maria José Marcelino [email protected] +351 (21) 0434233Sales Trader
Individual Clients Team:
Contacts