STARTex was designed from the bottom-up to allow buy-side investors of short-term securities to have all the information they need at their fingertips.

Buy-side investors can:

• View inventory offerings from each broker/dealers where they have an account.
• Enter secondary trades to buy inventory, choosing which account they want to buy into, when they want to settle the trade, and how much they want to buy.
• View their current positions and enter sell trades to put back the bonds.
• Review the status of current trade requests and view historical trading and bidding activity.
• Enter bids for auction rate securities.
• View the weighted average rate for each security or view the full details for each rate reset.
• Check today’s schedule of rate resets.
• Research and view security characteristics, including ratings, tax status, security type, rate reset and interest payment frequency.

Broker/dealer inventory offerings and investor trading activity are updated in real-time on STARTex, without double entry or re-keying of data. An investor-generated trade can be treated like any traditional trade initiated by the sales force or can require an additional layer of approval by the trading desk.