Fixed income asset management firm BlueCove has chosen PATRONAS Financial Systems to supply it with portfolio and compliance management services.
As part of this deal, BlueCove will integrate PATRONAS’ OPUS solution, which enable the asset manager to operate advanced portfolio modelling, simulation and compliance processes. It will also be capable of routing orders electronically to any execution venue required.
Germany-based PATRONAS designs a selection of software modules and technology frameworks to improve online solutions. Its OPUS platform is a suite of portfolio and order management tools, including order routing, data management, reporting, risk management, reconciliation and compliance management, among others.
Enterprises can utilise its services to conduct pre- and post- trade portfolio health checks, implement compliance rules such as UCITS and AIFMD, conduct portfolio analysis and calculate risk.
BlueCove head of investment process Nick Pierce said, “Industry leading, pre and post, compliance in a regulated environment, such as UCITS and AIF, and FIX connectivity to multiple trading venues are essential components of any modern investment management firm.
“The PATRONAS OPUS system combines many years of experience designing compliance rules with FIX connectivity and portfolio management capability. The open and modular nature of the system allows for highly automated workflows, via API integration, as well as customisable user functionality and extensions via microservices.
“Regulatory change is inevitable and the PATRONAS OPUS system can evolve as the operating environment and our business adapts to provide scientific fixed income products for clients.”
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