Linedata Services partners with Uat, a Denver-based technology and consulting company, to provide pre- and post‐trade compliance, real‐time reporting, and brokerage cost savings system for sub‐advised investment platforms.
The current market environment demands stricter regulatory supervision and greater cost savings from these types of firms, and UAT provides them with elegant software to both of these challenges.
UAT’s Unified Compliance and Control System (“UCCS”) is offered through Linedata’s Application Service Provider (“ASP”) delivery and includes Linedata Services’ LongView Trading and Linedata Compliance.
This partnership offers superior regulatory control and enhanced governance through real-time, rules-based, pre- and post-execution compliance.
The integration of Linedata’s LongView OMS with UAT’s patent-pending proprietary High-Low Engine (“HLE”) significantly decreases trade brokerage costs by identifying ‘high-touch’ orders that require special handling and ‘low-touch’ orders that do not require special handling, enabling a sponsor firm to execute more trades through a low-cost brokerage network.
“The integration of UAT’s industry-leading technology paired with Linedata’s comprehensive trading and compliance solution offers sponsor firms greater fiduciary oversight and the potential for dramatic cost savings,” says Annie Morris, managing director, Linedata Services North America.
“UCCS is the answer to a deficiency the sub-advised industry has battled since its inception in the mid-1970’s,” says Tom Warren, president, UAT, Inc.
“Our turn-key system, paired with Linedata’s robust front-office solutions, provides peace of mind, particularly to the sponsor firm’s Chief Compliance Officer and Trustees, who have a fiduciary responsibility for these assets. The potential to monitor real-time positions and lower brokerage fees can result in millions of dollars in cost savings annually for a sub-advised trust.”
L.D.