Fidessa Unveils its Sentinel Trading Compliance System For Asset Managers

Fidessa group plc (LSE: FDSA) has released its Sentinel Trading Compliance (STC) system, a utility that helps asset managers better aggregate, monitor, and manage their trading operations and risk, according to a Fidessa statement.

In an attempt to help manage associated risk and compliance with trading operations, Fidessa’s STC system was designed to capture and monitor large swaths of transaction-related data in a streamlined workflow. Moreover, the STC system caters to asset managers who are aiming to consolidate a cascade of tasks such as risk monitoring, trading operations control, and systems integration.

The STC system is also compatible with Fidessa’s existing Sentinel Portfolio Compliance system – the fundamental difference with the STC system is the improved emphasis on Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term controls that its current portfolio systems suite cannot achieve alone.

According to Richard Hooke, Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term Product Director at Fidessa, in a recent statement on the release, "Having been developed closely in partnership with a client, Sentinel Trading Compliance sets a new, high standard for compliance risk systems in the buy-side trading space. The scalable nature of our solutions also means that it is available to any asset manager, regardless of size. In the current complex and evolving regulatory environment, it is something that no asset manager can risk being without."

"Monitoring and controlling trading activity has traditionally been handled by the OMS, but for many large asset managers this approach has become fragmented, difficult to control and insufficient. Working closely alongside a global, tier-one asset management client, we are delivering a single system to centralize control that has robust capabilities to oversee, analyze and impose restrictions on trading practices – something that has not previously been feasible," added Hooke.

Last month, Fidessa appointed Andy Skelton as its newest Chief Financial Officer (CFO), whose move will become effective only on October 26, 2015. Mr. Skelton will be replacing Andy Malpass, Fidessa’s acting CFO, who previously announced that he will be relinquishing his post on the aforementioned date, paving the way for a succession.