New functionality provides increased speed, additional interfaces and services to handle data management and compliance challenges
INDATA, a leading industry provider of software and services for buy-side firms, including trade order management (OMS), compliance, portfolio accounting and front-to-back office today announced that it has upgraded the order management system (OMS) within iPM, INDATA’s Intelligent Portfolio Management® platform.
New features include upgraded trading blotters designed for speed and ease of use in working with large volumes of orders. Significant customization capabilities are also included with an API for integrating and maintaining custom fields from external sources.
In addition, clients who utilize the INDATA iPM OMS are provided with a full range of outsourcing services designed to make the operation of the system as seamless as possible. Services include management and validation of security reference data, management of all hardware and system upgrades including DR, as well as full FIX network monitoring and administration.
Other key features of the release include fully automated interfaces for real-time pricing, new security setups and security classification maintenance with a number of third party vendors. In addition to trading, the new features, services and interfaces with third party data sources significantly benefits compliance. iPM Compliance, fully integrated with the iPM OMS, proactively monitors pre and post-trade compliance as well as operational risk issues in real-time and automatically alerts compliance officers when a compliance issue requires additional oversight or special handling. Now, compliance officers have an added level of data integrity based on updated data from outside sources that is screened and validated through iPM’s data management services.
“Whether used as a standalone OMS or as part of an integrated front-to-back office system, iPM provides best of class capabilities for the trading and dealing desks of institutional investment management firms,” commented David J. Csiki, Managing Director, INDATA. “The new features, cloud-based or in-house deployment options, as well as competitive pricing make our OMS a compelling choice for firms looking to upgrade their legacy systems or those looking to replace their existing OMS systems,” he added.