Reducing the time to comply
New York, 19th June 2006 - LatentZero has reset the benchmark by which all buy-side compliance software will be judged as it unveils Capstone Sentinel 5.0, at the 2006 SIA Technology Management conference in New York. LatentZero's innovative architecture, coupled with the use of an in-memory rule engine, means the new software will run twice as fast as previous versions.
This latest version of Capstone Sentinel reflects the tightening regulatory landscape in which asset management firms now operate. It ensures that asset managers are able to handle the increased volumes associated with current and future trading environments with greater confidence, without any loss of performance.
Seven of the world's top ten asset managers already use Capstone Sentinel to manage their compliance activities, and version 5.0 will retain the attributes that these firms rely on, including its ability to integrate easily with other proprietary front office applications. However new features, such as an upgrade to Microsoft's .NET toolset, allow for even easier global deployment and faster XML processing. Integration options have also been increased via APIs using the Web Services framework. In addition, the look and feel has been updated and increased functionality has been added to the user-friendly GUI.
Capstone Sentinel 5.0's reporting functionality has also been significantly improved. It continues to offer a comprehensive audit trail, incorporating real-time and historical data as well as input points that enable different users to check incidents and approve changes. It now also provides clients with a graphical view of their workflow and the ability to load and monitor a second set of official as-of positions for end-of-month updates. This means that the compliance manager will have a truly real-time view on positions as well as the ability to check historic point-in-time data.
Unveiling Capstone Sentinel 5.0 at the annual SIA Technology Management Conference in New York (20-22nd June), LatentZero Director, North American Operations, Gail Romano explains: "Our aim is to meet the current and future needs of the global asset management industry. Tighter regulations all over the world, highly complex client mandates and much closer levels of scrutiny by regulators are combining to make compliance a major issue for asset managers.
"We've listened to our clients and the developments in Sentinel v5.0 reflect their changing compliance requirements. Along with our recent investments in client support and implementation services, particularly in North America, this demonstrates LatentZero's commitment to maintaining Capstone Sentinel's position as the fastest and most widely-used compliance tool in the industry."
About Capstone Sentinel
Capstone Sentinel is the world's leading investment compliance system, providing comprehensive restriction checks at every stage of the investment process: pre-trade as part of the investment decision-making process, during trade execution, and post-trade.
Capstone Sentinel checks for breaches of client mandates, industry regulations and management controls across all asset classes. Its pre-configured rule libraries cover every major regulator around the world.
Capstone Sentinel can be implemented as a single product, integrated with clients' existing systems, or as part of the Capstone suite alongside Tesseract (decision support for portfolio managers), and/or Minerva (order management and trading).
LatentZero is a global technology firm that specializes in developing complete front-office solutions for the buy-side community. LatentZero's suite of products, known collectively as Capstone, is used by 7 of the world's top 10 asset management organizations. More than 3,500 portfolio managers, traders and compliance officers worldwide rely on Capstone to manage assets in excess of $8 trillion. For additional information, please visit www.latentzero.com
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