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DST Global Solutions Upgrades Anova to Improve Compliance Process

DST Global Solutions has included additional dashboards and upgraded reporting functionality in release 3.0 of its Anova post-trade data management solution. The aim of the release is to improve the ability of users to aggregate and access investment data quickly and accurately for regulatory compliance purposes. The release also allows key compliance metrics to be monitored and includes upgraded performance measurement and attribution functionality.

The Anova platform is used by more than 40 investment management firms globally and is designed to support a strategic approach to regulatory compliance that eases the burden of data management. The solution is source agnostic, allowing it to take in data in multiple formats from many source systems, and includes a data warehouse with a data model designed for investment management, as well as engines for performance measurement and attribution, position keeping and investment book of records (IBOR), and compliance. A presentation layer allows visual dashboards, reports and other data to be surfaced.

Julian Webb, global head of investment data management analytics at DST Global Solutions, explains the compliance application of Anova, saying: “Many firms have addressed each new set of regulatory requirements with a tactical, point solution. This has led to a plethora of data management and reporting applications that are both expensive to maintain and result in multiple data silos often with inconsistent data. Firms are starting to take a more strategic approach and are looking to implement a single investment data store that holds a complete record of all investment data updated on a timely basis. This can serve as the platform for meeting all reporting requirements, whether they are internal, client or regulator driven. This is where Anova sits.”

Anova 3.0 is available immediately on general release and the software will continue to be developed in response to market change. On the next milestones on the product roadmap, Webb says: “Visualisation remains a key theme for us and we will be adding additional dashboards and alerting capabilities to the product. With the move to intra-day requirements for aggregated data, a market trend to which Anova is well suited, we are also adding additional functionality for extended IBOR solutions.”

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