A system has been released that should enable asset managers to better consolidate, monitor and control their trading operations and risk.
Developed by financial software company Fidessa, the Sentinel Trading Compliance system is aimed at asset managers increasingly concerned about the risk associated with trading operations as part of their overall compliance and risk management strategy.
The software captures and monitors large volumes of transaction-related data in an efficient, configurable and fully auditable workflow, according to the firm.
Richard Hooke, buy-side product director at Fidessa, says that while Order Management System (OMS) has traditionally been used to monitor and control trading activity, many large asset managers have found this approach too fragmented and difficult to control.
The firm claims its software has the capability to recognise unwanted trading patterns, restrict trades by attribute and limit cumulative volumes by counterparty, desk, trader or market and is suitable for any size of asset manager.
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