Middle Office

  • Trade Processing

    Proper trade processing enables trade data to seamlessly flow from the front office into the middle and back offices where it can be accessed, reviewed, and managed. Investment managers can benefit from a single interface technology that establishes an exception based processing model that facilitates straight through processing for trading activity while seamlessly  monitoring and communicating with the counterparty community, custodians, accounting agents, clearing systems, and securities lending agents to resolve issues in a timely fashion. A robust technology and operating model can increase productivity via an integrated communication model that moves trading activity through their respective life cycles with industry services, like Omgeo suite of applications, utilities, like SWIFT, and clearing systems, like DTC and other central clearing organizations.  Additionally, transparency and oversight can be vastly improved through online audit trails.

    Understanding your business needs and developing a trade support solution that addresses these issues with a view towards the future is why investment managers and service providers consistently choose to partner with Citisoft. Citisoft's vision and experience have helped our clients gain a competitive advantage in a complex market.

    For more information contact info@citisoft.com

  • Collateral Management

    It is true that not all investment risks can be removed, but for those that can, investment managers must take control of their own destiny.

    Collateral management enables investment managers to mitigate their exposure risk to counterparties while also enhancing their front office investment data via better cash availability. These core needs, in conjunction with increasing regulatory pressures towards a centrally cleared environment, are posing an imminent reality for investment managers. Choosing a provider who can manage collateral in a more controlled and efficient manner or invest in technology to adapt is essential.

    Citisoft partners with both investment managers and financial service providers to provide expertise on the impact of regulatory requirements and the costs associated with technology development.  In addition, Citisoft offers a logical, hands on approach to guide firms during the implementation lifecycle of any collateral management initiative.

    In an environment where managing risks is imperative, Citisoft’s personnel can ensure your collateral management project is not one of them.

    For more information contact info@citisoft.com

  • Reference Data Management

    Reference data management is a discipline that focuses on the management and integration of data that is used by different systems and business groups across an enterprise. More specifically, within the financial services industry, it refers to the ongoing management of complex sets of data that support trade processing, accounting, performance calculations and reporting. It encompasses, but is not limited to the maintenance of internal and vendor supplied data, such as: security master file data, classifications, counterparty and standing trade instructional data, legal entity data, corporate actions, prices and exchange rates. Citisoft has cultivated deep knowledge and expertise in this area.

    Almost all firms need to provide an infrastructure that works within a global operating model that also supports the local demands and nuances. Our unrivalled depth in this domain, make us an ideal partner, working with both investment managers and third party vendors where required. We have relationships with service providers and vendors, can help facilitate requirements gathering and documentation, process improvement, evaluation and selection of vendors, and implementations.

    For more information contact info@citisoft.com

  • Investment Accounting

    The majority of IT spend over the past several years has been on the front office, with a specific focus on portfolio and order management systems. This lack of emphasis on the middle office has resulted in several investment management firms running on antiquated and potentially obsolete software. Success in the front office can only be achieved through a cohesive, efficient and data-focused middle office operation. This involves a decided shift in operating models away from an accounting-focused design to a data-focused design. That said, shifting operating models and the push towards implementing your definition of IBOR is not for the faint of heart. The decision to jettison a legacy investment accounting platform and move towards a data-centric culture can be a daunting path.

    Investment managers and service providers need a partner who has the experience and understanding to address the complexities associated with change initiatives impacting their investment accounting and administration operating model. Our deep industry experience, proven methodology and a hands-on approach has enabled countless firms to reach their optimal target-state in the middle office.

    For more information contact info@citisoft.com

  • IBOR

    Everyone’s favorite four-letter, IBOR (Investment Book of Record), is currently at the forefront of industry conversation. Software vendors and service providers alike continue to push their IBOR vision and offerings to the masses. IBOR white-papers continue to pop into our email from front-office vendors, major custodian banks, consultancies and of course, the portfolio and fund accounting solution vendors that were primarily responsible for pushing the acronym in the first place. That said, a formal definition from the asset management community has continued to prove elusive despite the presence of working groups and conference activity devoted to the topic. IBOR and its cousins ABOR, MBOR and TBOR appear here to stay.

    Citisoft is adept at guiding our clients as they navigate the disparate options and solutions addressing the ultimate goal of all of this – ensuring that they have an efficient investment management process designed to ensure accurate and timely positions, cash and trading activity from the front to the back of the house. The devil is in the details!

    For more information contact info@citisoft.com

  • Risk Management

    Managing enterprise risk for the buy side, a historically neglected function for asset managers, has risen in importance in recent years.  The fast-moving regulatory environment, the launch of new products and asset types, and the need for transparency from clients large and small are driving required changes in buy-side risk management. Global regulations and requirements for risk reporting has moved beyond the measurement of portfolio risk to also account for liquidity, counterparty and operational exposure as a significant cause of concern for most buy-side firms.  Those firms are assessing their technology and operating models to create accurate, holistic views on risk.   Citisoft has assisted our global client base in creating controlled and transparent risk platforms that have supported clients, regulators and their global partner’s demands.

    For more information contact info@citisoft.com

  • Performance Attribution

    Investors, now more than ever, require more transparency into their investments.  The ability to digest, evaluate and report on performance data is crucial for investment managers to not only make informed investment decisions but to more effectively communicate results with their investors.  A diverse suite of interconnected and sometimes overlapping tools are usually needed to integrate key upstream (order management systems) and downstream (accounting systems) data is vital to produce comprehensive and quality performance calculations across all asset classes.

    By remaining vendor agnostic, Citisoft is able to assess client requirements and help recommend and implement a comprehensive suite of tools out of the various best in breed choices available for equity, fixed income, multi-asset attribution and data analytics in the market.  The differentiator is choosing a partner that ensures a structured approach and who will carefully measure a firm's business needs against available vendor solutions. Citisoft's experienced personnel can help a firm navigate through the complexities that come with implementing a performance attribution tool and ensure that all the important questions are asked and answered.

    For more information contact info@citisoft.com

  • Performance Measurement

    Investors, now more than ever, require more transparency into their investments.  The ability to digest, analyze and report on performance data is crucial for investment managers to not only make informed investment decisions but to more effectively communicate results with their clients.  A diverse suite of interconnected and sometimes overlapping tools are usually needed to integrate key upstream (order management systems) and downstream (accounting systems) data vital to producing comprehensive and quality performance calculations.

    Citisoft analyzes specific client requirements and helps recommend and implement a comprehensive suite of tools out of the various best in breed choices available for equity, fixed income, multi-asset attribution and data analytics in the market.  The differentiator is choosing a partner that ensures a structured approach and who will carefully measure a firm's business needs against available vendor solutions. Citisoft's experienced personnel can help a firm navigate through the complexities that come with implementing a comprehensive performance measurement tool that will streamline your business processes, enable a scalable solution and provide the transparency that your clients require in their investments.

    For more information contact info@citisoft.com

  • Client Reporting

    There is an industry trend towards data stores where a “golden copy” of the data is used for multiple communication types including valuation packs, quarterly investment reviews, fund factsheets, prospectuses, AUM reporting and client meeting books. In this world, the term ‘client communications’ is increasingly being used instead of client reporting to reflect the range of uses for critical client data that must be consistent, accurate and accessible. This contrasts significantly from outdated approaches where different report pages or report books are produced from different systems, using different data sets with a general lack of data management. At the same time, firms that focus on more efficient electronic distribution mechanisms supporting customized on-screen reporting send a clear message that well-informed clients are fundamental to their overall success. An effective client communications strategy is a critical component for a more efficient, scalable and fit-for-purpose client reporting model. Successful adoption of a new client reporting model requires a partner with the ability to evaluate, design, and implement a solution that is catered to meet its clients' evolving needs.

    For more information contact info@citisoft.com

  • Compliance

    Trading staffs are being subjected to increasingly stringent compliance standards while investment strategies and the underlying investment holdings are continuously evolving and the number of complex instruments being traded are growing. Compliance monitoring and reporting is now a continuous effort subjected to auditor review and oversight. In a straight through processing environment, it is critical to manage compliance activities early in the pre and post trade processing life-cycle. End of day portfolio reviews are essential to ensure adherence to the prospectus, portfolio, and client guidelines while also affirming that trading limits were correct, restricted issues were not inadvertently added, holdings are in alignment with a model, and concentrations are acceptable, and any new instrument types and markets have been accounted for.  It is also critical to ensure that compliance activities align with counterparty risk management programs and allowable cash balance guidelines. This landscape puts an increased emphasis on controls, data availability and reporting which should also include “what-if” analysis and ad-hoc capabilities.  Citisoft has extensive experience in addressing pre- and post-trade compliance challenges and providing a holistic view of the various requirements. Our solutions can ensure proper trade compliance while also enabling future product development.

    For more information contact info@citisoft.com