A leading alternative investment firm with over $20B AUM needed a better way to check pre- and post-trade compliance to address growing client demand for calculation-heavy restrictions utilizing multiple market data feeds. They were also challenged with maintaining their portfolios at numerous back office service providers, all requiring customized workflows, trade tickets, acknowledgements, and reconciliations. This created a significant need to address management of their reference data and data warehousing for reporting and archiving.
InvestTech initiated the project by reviewing the business strategy with management, then met with key stakeholders to fully understand the business workflows. We analyzed the current and future requirements for portfolio management, trading, operations, compliance, data warehousing, and reporting. InvestTech presented the firm with detailed recommendations and a gap analysis on trade order management systems that would potentially meet their growing compliance needs.
Working closely with InvestTech on the evaluation of potential OMS solutions, the firm selected Black Mountain Systems’ Everest platform due to the highly customizable nature of the solution and to support the future initiatives they planned to address after the OMS was in production. Over the next three years, InvestTech partnered with the client to deliver on the larger investment architecture roadmap including:
- OMS implementation
- Customized management and client reporting
- Data warehousing
- Mastering reference data
- Business Requirements documentation
- Application upgrades
InvestTech continues to work closely with this firm to recommend process improvements, troubleshoot production issues, analyze the risk of new initiatives, and provide requirements to the vendor.
To discuss how InvestTech can help you reduce operational risk and improve support for changing business requirements, contact us at 877.559.6077 or firstname.lastname@example.org.