New Software Offerings Tackle Pre-Trade Compliance Problem
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LONDON--The problem of pre-trade compliance checking and the prevention of costly breaches of fund rules and investment regulations, is being targeted by new software offerings. Fund managers compliance checks too often have been unable to keep pace with trading volumes, not discovering securities incompatible with a fund's investment criteria or breaching portfolio weightings, until after purchase. Resulting in costly sales of the incompatible securities
"Regulators are increasingly clamping
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