February 24, 2016 - Fidessa group plc (LSE: FDSA) today announced that its Sentinel buy-side compliance product has won its third prestigious accolade in the last six months, winning Hedge Fund Manager's Best Compliance Product at their Technology Awards this week. These awards recognize and reward hedge fund technology providers that have demonstrated exceptional customer service and innovative product development over the past 12 months.
The award comes hot on the heels of being voted best solution for asset managers and funds at the Compliance Register Platinum awards and Best Compliance Product at the Buy-side Technology awards. All these awards come on the back of significant enhancements to the Sentinel product suite over the last year. The most significant enhancement has been the addition of trading compliance functionality which allows firms to consolidate, monitor and control their trading operations and risk on a single platform. Sitting seamlessly alongside the existing portfolio compliance capabilities, Sentinel Trading Compliance provides the extensive risk controls that existing portfolio compliance systems alone cannot achieve.
Matt Grinnell, Compliance Strategist for Fidessa Buy-side, commented: "It is pleasing to win so many important industry awards for our Sentinel compliance product and have it reaffirmed as the benchmark solution in this space. We have invested heavily in our entire buy-side product suite in recent years, from our investment decision tools, through our powerful order generation and management solution Minerva, to compliance and post-trade. These awards stand as testament to this ongoing process and that the solutions we offer meet the combined pressures of global regulation, increased client scrutiny and cost constraints that our clients face."
Sentinel provides the flexibility and performance that buy-side firms need in order to respond quickly to new client mandates and new regulations from multiple jurisdictions across multiple asset classes. Its real-time rules engine enables asset managers to keep pace with their pre-trade compliance requirements, with the ability to define libraries of rules that can be easily associated to new funds. Sentinel's Analytic Builder allows investment managers to respond quickly to new regulations and their increasingly complex asset mix. Sentinel's Auditing Workbench provides transparency by enabling users to access historic rule results.
Fidessa's network provides connectivity to 5,100 buy-sides and 730 brokers across 215 markets globally, carrying flow with a value of more than US$1.7 trillion each month.