Surbiton, UK-based DST Global Solutions, a provider of technology and services to the investment management industry, has enhanced the investment book of record (IBOR) functionality within its Anova suite, which now provides buy-side firms with increased visibility of intra-day positions and valuations to help them make more judicious investment decisions on behalf of their clients.
According to DST, a recent report it carried out in conjunction with Aite Group indicated a growing need for asset managers to have data updated on an intra-day basis in order to provide front-office personnel with accurate investment-related information across regions and asset classes.
Anova IBOR consumes transactions and events in real-time from multiple sources and provides portfolio managers and traders with improved visibility of their investment positions. It supports the following functions:
• Enterprise-wide view of continuously updated positions and valuations
• Positions that reflect all trading activity and business events
• Decomposition of positions according to position state
• Ability to forecast positions into the future
• Ability to view positions at prior dates
According to Julian Webb, head of data management and analytics at DST Global Solutions, there is an increased appetite across the buy side for flexible IBOR solutions that can function independently of both front-and back-office platforms.
"IBOR is not a one-size-fits-all concept and we recognise the varying challenges global firms are facing when implementing this kind of solution," says Webb. "The ability to visualise positions across asset classes and regions intraday is essential for firms looking to have better information on which to base their investment decisions."
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