About a-team Marketing Services

A-Team Insight Blogs

DST Enhances Anova Position Keeping to Deliver IBOR Product

Subscribe to our newsletter

DST has enhanced the position keeping element of its Anova post-trade data management, analytics and reporting suite to deliver a fully-fledged investment book of record (IBOR) designed to provide asset managers with near real-time visibility of positions and valuations.

Anova has included the capability to consume transactions and events, and provide continuously updated valuations and positions for some time, and some Anova users have taken-up this capability. Acknowledging increasing market discussion around IBOR, DST has now enhanced the capability and ring-fenced an IBOR product in the latest version of the Anova enterprise software suite, version 3.1. The IBOR is available immediately to existing users of Anova as part of the version 3.1 upgrade and at no additional cost, while new customers can license just the Anova IBOR module for use with other vendor systems or select the IBOR module as part of a wider Anova solution.

DST enhancements to the Anova software to deliver the IBOR module include support for multiple position states; the ability to forecast positions into the future using improved data analysis; and a wider capability for users to define views of positions and valuations they want to include in the IBOR.

Julian Webb, head of data management and analytics at DST Global Solutions, a subsidiary of DST, explains: “The demand for an IBOR is coming from Tier 1 asset managers with complex system architectures and multiple front-office order management systems. These asset managers need a single data repository and a continuously updated enterprise view of positions data. This means ease of integration is important, so we have added a flexible integration layer and open application programming interfaces so that connections can be built between the IBOR and different data sources. The platform is data agnostic, so data from different systems can be mapped and transferred to the Anova data model.”

The Anova IBOR is based on event-driven architecture to support consumption and publication of position data on a continuous, or near real-time, basis, although it can also be used on a file upload basis. Webb lists the drivers behind the development of an IBOR as risk and regulatory compliance, improved investment decision making and operational efficiency around position and transaction data.

He also notes firms’ increasing desire to move away from accounting systems as a means of creating an IBOR as using these systems as a prime source of position data means data is only updated on a daily basis . He explains: “Firms are trying to implement IBOR and update position data independently of accounting systems. They want an IBOR that is flexible and consumes data and updates position states in near real time.”

Webb acknowledges that many order management system vendors offer some form of IBOR and that vendors with front-to-back-office systems are also coming to market with IBOR solutions, but differentiates DST’s approach saying: “We came at this from a data perspective and are independent of order management and accounting systems. The Anova IBOR provides the ability to consume information from multiple systems to create a single view of position and valuation data. One instance of the IBOR and one single and complete view of positions across the enterprise.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Best practice approaches to trade surveillance for market abuse

Date: 5 March 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Breaches of market abuse regulation can lead to reputational damage, eye-watering fines and, ultimately, custodial sentences of up to 10 years. Internally, market abuse triggers scrutiny of traders and trading behaviours; externally it can undermine confidence in markets and...

BLOG

DTCC Pulls Out of LEI Issuance with Closure of GMEI Utility – Bloomberg and LSE Expected Beneficiaries

DTCC has closed its Global Markets Entity Identifier (GMEI) utility and will no longer issue Legal Entity Identifiers (LEIs) as a Local Operating Unit (LOU) in the Global LEI System. In a notice to GMEI clients, DTCC said the utility, operated by DTCC subsidiary and accredited LOU Business Entity Data B.V., terminated all its LEI...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Reporting Handbook – First Edition

Welcome to the inaugural edition of A-Team Group’s Regulatory Reporting Handbook, a comprehensive guide to reporting obligations that must be fulfilled by financial institutions on a global basis. The handbook reviews not only the current state of play within the regulatory reporting space, but also looks ahead to identify how institutions should be preparing for...