In other FinTech news, RJO’s Oasis expands its business and SIX Swiss Exchange reaches out to a new data and analytics hub.
SS&C Targets Key Client Bases with Expanded Offerings
Investment systems, software and services vendor SS&C Technologies has launched an exception management and workflow solution for the Geneva platform that includes exception query tools, workflow configuration, an exception dashboard, a manager dashboard, and task management tools, officials say.
The new offering got its official unveiling at the SS&C Deliver customer event in Chicago earlier this month.
“Service providers, asset managers, and hedge fund managers depend on Geneva as their core technology platform, and until today, have relied on manual or external processes to ensure that the quality of data within Geneva meets their internal audit controls,” according to the company’s release about the new tool. “With the new Exception Management and Workflow tool for Geneva, the quality assurance process for a variety of data is automated.”
The new offering can be customized “across exception queries, workflow processes, levels of approval, and portfolio classifications for dashboards, reporting, and metrics,” officials say. The solution offers an exceptions dashboard for transparency to help customers “review, reconcile, and remedy exceptions” and improve data quality and efficiency.
“This solution increases efficiency and reduces operational risk for our clients by eliminating manual processes and helping ensure our users maintain high data quality in Geneva,” says Robert Roley, managing director and general manager of SS&C Advent, in a prepared statement.
In addition to the Geneva news, SS&C unveiled a new customer relationship management solution, Salentica Elements for financial advisors, available via the Salesforce AppExchange, that targets the client engagement needs of registered investment advisors (RIAs) and wealth managers. Salentica Elements is packaged with SS&C’s Black Diamond wealth platform.
The Black Diamond offering includes a wealth platform, portfolio management, reporting and client communications so that advisors can offer CRM, financial planning, and risk alignment tools, officials say.
“The quick-start solution provides advisors a cutting-edge, advisor-specific solution that has pre-built configurations, workflows and features native integration with Black Diamond,” officials say.
The Salentica Elements solution combined with Black Diamond will provide:
- Access to daily account, portfolio, and household data from Black Diamond;
- Views into individual client reports created with Black Diamond;
- Real-time client relationship information through a single connected platform;
- Data management via industry-specific entities such as relationships and portfolios;
- A single, contextual view of clients across multiple devices;
- A way to create customized workflows to improve efficiency.
Built on the Force.com by Salesforce Platform, Salentica Elements is currently available on the AppExchange, according to SS&C officials.
The Salesforce AppExchange is an enterprise apps marketplace for companies to sell, service, market and engage, officials say. It is the hub for 3,500 partner apps, encompassing cloud, mobile, social, the Internet of Things (IoT), analytics and artificial intelligence technologies.
Oasis Investment Strategies Opens Business to Customers Beyond RJO
Oasis Investment Strategies, the Chicago-based cash management affiliate of R.J. O’Brien & Associates (RJO), an independent futures brokerage and clearing firm, has opened its global cash, collateral and margin management service “to all types of financial institutions with excess cash on deposit,” officials say.
For a decade, Oasis has been a separate affiliate “devoted primarily to managing cash and collateral for RJO,” officials say.
By opening up the business, Oasis, formerly known as RJO Investment Management until 2016, can now focus on separately managed accounts while RJO remains a client, officials say.
“We’re excited to broaden our Oasis services with this strategic investment offering to firms in and beyond the alternative investment community, whether they are managed funds such as Commodity Trading Advisors, hedge funds, ‘40 Act funds, other futures commission merchants or institutional investors globally,” says Julie DeMatteo, Oasis Investment Strategies CEO, in a prepared statement. “We recognized that we had a tremendous asset in the firm, with talented and experienced staff who rose to the challenge in the persistently low interest rate environment in which we’ve operated over the past decade.” In fact, Oasis has built a seven-year track record as a registered investment advisor (RIA).
DeMatteo says that Oasis hopes to offer “innovative capital and operational efficiencies” provide ways to optimize “the return on margin capital so our clients can focus on serving the needs of their constituents.” Oasis specializes in all forms of cash and fixed income investments, as well as Treasury and back-office support.
“With access to investment products from a broad network of prime, regional and boutique brokers, the team has extensive experience in actively managing portfolios of short-term duration and addressing the complex requirements of the exchange-traded derivatives markets,” officials say.
SIX Swiss Exchange Joins xyt Hub for Tick Data Distribution & Analytics
The SIX Swiss Exchange has joined the “big xyt,” an independent provider of “high-volume, smart data and analytics capabilities,” in order to offer tick data to trading participants so that they can “develop, evaluate and back-test new trading and execution strategies while providing greater transparency over trading activity,” officials say.
The xyt hub, connected to more than 100 venues globally and across asset classes, was launched this month to enable the global trading community to integrate tick data and analytics “in a more convenient and cost-effective way, via a single API,” officials say “The xyt hub allows trading firms to consume, analyze and visualize all the data they require through cloud-based technologies, featuring Data-as-a-Service and Analytics-as-a-Service functionalities.”
SIX Swiss Exchange users can use the link in “a variety of use cases including: analytics, such as spread analytics or calculating market depth,” officials say.
“SIX Swiss Exchange operates the reference market for Swiss equities,” says Marc Berthoud, head data strategy, SIX Swiss Exchange, in a statement. “We consider that consistent order book quality measurement represents a fundamental contribution to market transparency.”
The xyt hub Data-as-a-Service functionality allows users to access and visualize raw exchange data, normalized data and reference data via a web interface or API, integrating with any downstream system or programming environment, officials say.
“The xyt hub Analytics-as-a-Service functionality enables users to leverage shared analytics functions provided by big xyt, including effective spreads and market impact analysis,” officials say. “The customization service allows trading firms to develop bespoke business requirements, such as back-testing, TCA, derived market data, and regulatory reporting.”
The Data-as-a-Service and Analytics-as-a-Service combination “enables clients to focus on their core business, avoid operational complexity and reduce total cost of ownership,” officials add.
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