Fidessa has launched its new Sentinel Trading Compliance system which will help asset managers to consolidate, monitor and control their trading operations and risk.
The tool has been designed to capture and monitor large volumes of transaction-related data in an efficient, configurable and fully auditable workflow.
It will also allow asset managers to centralise the monitoring and control of their trading operations across multiple systems, markets and trading desks.
The system, which offers a comprehensive pre-trade API, is completely OMS-agnostic and comes together with an aggregated, post-trade monitoring suite. It fits easily alongside Fidessa’s Sentinel Portfolio Compliance system.
Fidessa buy-side product director Richard Hooke said: "Working closely alongside a global, tier-one asset management client, we are delivering a single system to centralise control that has robust capabilities to oversee, analyse and impose restrictions on trading practices – something that has not previously been feasible."
"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," added Hooke.