[ by Howard Haykin ]

Boston-based Bonaire Software Solutions is offering a fee calculation engine to broker-dealers and other capital market firms to help them better manage - and trim - their trading bills, reports Traders Magazine's Peter Chapman.

Bonaire CEO Chris John says that large broker-dealers with multiple desks and multiple exchange connections currently may be overpaying exchanges on the trades they make.  This would be due to the fact that contracts with exchanges typically are signed at the level of the individual desk - negating any possible leverage from a firm's overall trading volume.

Mr. John further notes that monthly bills may not be split properly between desks, in large part because end-of-month bills are allocated pro rata to individual desks using simple percentage formulas - rather than by the amount of trades they actually made.

The firm software is called Revport, and it solves both problems.  Bonaire has been marketing Revport to mutual funds and other asset managers for the past 9 years to help them manage fees they charge their clients as well as those they pay for distribution.  

For further details, go to:  [Traders Magazine, 10/12/12].