With the industry currently undergoing the biggest programme of regulatory reform ever seen, investment managers are under increasing pressure to juggle the demands of regulators with the needs of their clients, and all of this against a backdrop of increasingly challenging economic conditions.
Committed to reducing the overall costs of operating in today's markets, Fidessa offers a fully hosted and managed version of its powerful compliance engine, Sentinel, as well as its enterprise model. In addition to hosting and day-to-day operation of the system, this managed service offers new scope to reduce operational costs by taking responsibility for rule coding, regulatory updates, data management, list maintenance and platform upgrades. Sentinel's real-time engine keeps pace with regulations with built-in rules for all major jurisdictions. The impact from key new regulations, such as Dodd-Frank, MiFID II, EMIR and UCITS IV that are affecting both the trading and compliance workflows for the buy-side, have been built in to the solution.
Fully integrated into Fidessa's portfolio and order management systems, and compatible with all major portfolio management and order management platforms, Sentinel allows users to seamlessly add compliance into their decision making processes, resulting in the generation of fully compliant orders and helping them implement decisions in the market more quickly.
Robin Strong, Director Buy-side Strategy at Fidessa, comments: "2012 has been a tough year for asset managers as the industry continues to meet the challenges of regulation, increased complexity and the need for transparency in an environment already experiencing significant cost pressures. To adapt to this environment, our clients require the best possible solution that they can trust to meet their current and future compliance needs in a totally flexible and robust way. It's gratifying to know that our consistent and sustained investment in developing the solution to the highest possible standard has been acknowledged by this award."