Fidessa LatentZero’s Sentinel wins at Academy of Compliance Excellence awards

19 December 2008

Fidessa LatentZero’s market leading investment compliance solution, Sentinel, has been named Best Technology Service by the Academy of Compliance Excellence (ACE) at the OStCaR awards in London. The awards are a two-stage process, with nominees being shortlisted by a senior team from the ACE and from that, the winners decided by a panel of leading industry experts.

Sentinel provides pre- and post-trade investment compliance checking for funds. The system covers all asset classes and has the capability to ensure that OTC derivatives activity is compliant with UCITS III and other regulations, enabling fund managers to analyse and highlight exact exposure to CDSs, CDOs, swaps, indices and other derivative trades. It also measures counterparty and firm-wide exposure to ensure both client mandates and regulatory demands are met. The comprehensive rule library incorporates legislation from every major regulator around the world and is updated as and when new regulations come into force.

Richard Jones, CEO and founder of Fidessa LatentZero, said: “The needs of our clients are our principle driver at Fidessa LatentZero, but we also pride ourselves on proactive product development, ensuring that our systems always stay in line with changing market conditions. We are delighted that our innovative work and the strength of our underlying technology has been recognised in this way.”

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