Using Eze Castle Software’s ‘Watchtower’, NewSmith will manage pre- and post-trade compliance with UK market regulations and client-mandated investment restrictions.
The New York-based software vendor claims Watchtower easily enables the fund manager to monitor their client positions, fund cash limits, and limitations on security types and markets. The integration of the two systems should ensure data integrity and real-time interaction for compliance checks.
Matt Weir, head of risk and control at NewSmith said, 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.
Sean Sullivan, executive vice president, director of Eze Castle global sales, said the solution acts as a valuable safety net to the whole investment process.
