Britannic Asset Management Enhances Risk and Compliance Functionality
GLASGOW, 2nd June 2003 - Britannic Asset Management, has implemented new compliance and risk management software from LatentZero. The system, called Sentinel, constantly checks investments to ensure they adhere to clients' mandates and satisfy financial regulations around the world.
Using Sentinel, Britannic Asset Management, which is based in Glasgow, is able to test every trade instantly against a database that encompasses both regulatory and client-imposed restrictions, together with internal portfolio management guidelines. Checks are automatically made both before and after each deal. Funds are also monitored on an ongoing basis to ensure they do not breach rules as market prices change.
Lindsay Gold, Head of Regulation at Britannic Asset Management said "Sentinel will enhance our current compliance and risk management controls and enable us to minimise the risk of investing outside client and regulatory parameters through front-end pre-trade functionality."
LatentZero, which specialises in compliance and dealing software for asset management companies all over the world, integrated Sentinel with Britannic's existing trading room technology.
"Compliance management is a very big issue for asset managers," said Paul Charie, Sales and Marketing Director of LatentZero. "Investors want to be assured that their funds are going to be managed according to their own rules and those of the regulators, and are becoming increasingly interested in the compliance technology that their fund managers are using."
About Britannic Asset Management
Glasgow-based Britannic Asset Management has expanded rapidly over the past decade, both through corporate and organic growth. It has around 300 employees and manages around £14bn of funds on behalf of institutional and individual investors.
LatentZero is an international business specialising in front office portfolio management, trading and compliance products for asset management companies, custodians and central banks. All LatentZero products are cross asset-class, supporting equity, fixed income, derivatives and currency functionality.
- Tesseract is a sophisticated decision support tool that enables the portfolio manager to model and analyse portfolios, create 'what ifs' and automatically generate orders.
- Minerva is a global order management and trading system. It offers full FIX (Financial Information eXchange) support and easy integration with exchanges, ECNs and various liquidity sources.
- Sentinel is the pre-trade and post-trade compliance system that checks for breaches of client, company and regulatory rules. Sentinel can manage complex portfolios with a wide range of instruments. Its rule libraries cover every major regulator.
These products can be implemented as a single front office solution, or individually, as part of a 'best in class' approach.
The LatentZero technical architecture is high performance and state-of-the-art. It is 24x7, flexible, open and scalable. It works seamlessly with any other front, middle or back office technology and significantly differentiates LatentZero from its competitors.
LatentZero has offices in Boston, New York and London. Its products are used by a wide range of buy-side organisations, including 5 of the 10 largest Investment Managers.