Fidessa LatentZero’s Sentinel wins at Academy of Compliance Excellence awards
London, 19th December 2008 - Fidessa LatentZero's market leading investment compliance solution, Sentinel, has been named Best Technology Service by the Academy of Compliance Excellence (ACE) at the OStCaR awards in London. The awards are a two-stage process, with nominees being shortlisted by a senior team from the ACE and from that, the winners are decided by a panel of leading industry experts.
Sentinel provides pre- and post-trade investment compliance checking for funds. The system covers all asset classes and has the capability to ensure that OTC derivatives activity is compliant with UCITS III and other regulations, enabling fund managers to analyse and highlight exact exposure to CDSs, CDOs, swaps, indices and other derivative trades. It also measures counterparty and firm-wide exposure to ensure both client mandates and regulatory demands are met. The comprehensive rule library incorporates legislation from every major regulator around the world and is updated as and when new regulations come into force.
Richard Jones, CEO and founder of Fidessa LatentZero, said: "The needs of our clients are our principle driver at Fidessa LatentZero, but we also pride ourselves on proactive product development, ensuring that our systems always stay in line with changing market conditions. We are delighted that our innovative work and the strength of our underlying technology has been recognised in this way."
About Fidessa group
Fidessa group is a world-leading supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for both the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa and Fidessa LatentZero product suites are built on the clear vision of providing the richest functionality, coverage and distribution to the financial markets community.
The Fidessa suite is used by 85% of tier-one, global equity brokers providing sophisticated multi-asset trading, market data, order management and execution capabilities to all tiers of the sell-side.
The Fidessa LatentZero suite is used by the world's largest asset management firms through to smaller specialist managers and hedge funds, and provides comprehensive portfolio analysis, real-time P&L, what-if analysis, investment compliance, order and execution management, and post trade processing tools, across all asset classes, to all tiers of the buy-side.
Fidessa's global network carries over 130 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between over 1,800 buy-sides and 310 brokers across 100 markets worldwide.
Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa group serves 22,000 users across 600 clients globally. Fidessa group was founded in 1981, has revenues of around US$350m, employs over 1,200 people and has been fully listed (LSE:FDSA) since 1997.
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