The award recognises Fidessa's position as the buy-side compliance market leader and reflects the continued investment made by the firm since acquiring LatentZero in 2007. The win caps a successful year for Fidessaâs buy-side compliance solution with a number of successful client implementations and upgrades in Europe, North America and Japan.
The buy-side is facing a regulatory "wall of noise" that is affecting both trading and compliance workflows (including Dodd-Frank, MiFID II and UCITS IV). Fidessa's solution has been engineered to give compliance officers all the tools they now need to stay ahead in an increasingly challenging and cost-conscious environment.
Robin Strong, Director of Buy-side Market Strategy at Fidessa, comments: âAgainst a backdrop of what is arguably the biggest shake-up the industry has ever seen, asset managers are increasingly coming under fire from both clients and regulators. Investment clients are scrutinising the performance of their investment portfolios while demanding instant service and transparency. Fidessa has invested heavily in its buy-side compliance offering in recent years, and evolved it into a trusted solution that has been specifically designed to meet these demands and provide exactly the service that todayâs compliance officers can rely on.â
âThe compliance function is moving beyond the simple task of identifying situations that represent a breach of client mandates and regulations" adds Strong. "Our compliance solution is much more than just a rules engine: it sits at the heart of Fidessa's buy-side solutions and is integrated across our portfolio management, order and execution management solutions. We are delighted to be recognised by Buy-Side Technology with this award, which stands as a testament to the investment Fidessa has made in our compliance solution and confirms its leading position in the marketplace.â