NewSmith selected Watchtower to manage pre- and post-trade compliance with U.K. market regulations and client-mandated investment restrictions. The flexibility of Watchtower easily enables them to build rules and tailor them to their funds. NewSmith uses Watchtower to monitor their client positions, fund cash limits, and limitations on security types and markets. Watchtower is fully integrated with their OMS, Eze Castle Softwareâs Traders Console. The integration of the two systems ensures data integrity and real-time interaction for compliance checks.
"The Eze Castle Software product suite has increased our operational efficiency. The Traders Console OMS, integrated data feeds with our prime brokers and CITCO administrator, FIX connectivity, and the implementation of Watchtower for compliance minimizes operational risk and supports our investment process," says Matt Weir, Head of Risk and Control at NewSmith. "The flexibility of the Watchtower compliance product enables us to monitor compliance and risk across all positions and funds. The real-time integration with our OMS and email system allows us to stay on top of investment compliance monitoring and exposure risks. We are alerted instantly when potential compliance issues arise."
"The flexibility of the Watchtower product enables clients to apply compliance rules for any asset class in any global market," says Sean Sullivan, Executive Vice President, Director of Global Sales. "Watchtower offers our clients a seamlessly integrated real-time compliance solution without the heavy burden of data synchronization. It provides the necessary tools and flexibility for monitoring investment compliance and minimizing the impact of risk to both the firm and their clients. It is a solution that affords a valuable safety net to the whole investment process."