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Tag Archives: mutual fund

FundLinx

Delta Data Introduces Automated Omnibus and Fully Disclosed Fund Trading with Launch of FundLinx 10.0

Columbus, GA – September 16, 2019 –Delta Data, a SaaS infrastructure Solutions Company for the Investment Management industry, today announces the release of FundLinx: 10.0, representing the evolution of Delta Data’s industry leading platform to a fully integrated suite of products, supporting the straight through, processing of securities for both omnibus and fully disclosed accounts.

FundLinx 10.0 is designed for Bank Trusts and Record Keepers to manage the life cycle of Mutual Fund, CIT, ETF and VIT trades in an exception based straight-through processing environment. Full integration with Delta Data’s Data as a Service suite, Aperio Security Master, FundBlast Counterparty Communications system, and ATM ACATs/Transfers system, enable one-stop management of the back office.

The new release represents the culmination of a three-year development cycle based on 15 years of production usage and extensive feedback from our clients. 10.0 manages transactions on the message level, applying categorization through business rules based on product type, counterparty transaction type, and clearing partner. This enables the solution to determine the optimum execution time and clearing partner for each trade in both real-time execution or as part of combined omnibus after hours trading. Significant processing efficiency has been realized with Delta Data customers who have moved to an exception-based trade processing model.

FundLinx 10.0’s Integration with additional Delta Data enterprise capabilities provides for intuitive proactive and automated controls including large trade notification warnings for specific counterparties, pending corporate actions at the trade level, automatic shifting of ACATs to B52 for non-ACAT eligible securities, and the ability to add securities to the platform in real-time for same-day trading. Technical re-design of the back end of the product delivers a message-based platform that has been tested in excess of 2mm sub-account trades rolled to super omnibus in under 10 minutes.

“FUNDLinx 10.0 represents an architectural shift, from a legacy client/server-based solution to a modern web platform that is tightly integrated to the Delta Data suite of products. This rewrite modernizes the platform and positions FUNDLinx for growth and scale. Building upon the messaging infrastructure in the application, the integration to both our products and the ability to integrate with client internal systems, provides a rich user experience and previously unavailable functionality,” says Whitfield Athey, CEO, Delta Data.

 

FundLinx 10.0 includes:

  • Artificial Intelligence Enabled

FundLinx 10.0 incorporates the first generation of Delta Data’s proprietary Artificial Intelligence engine. The initial use cases will leverage daily trade order and confirmations to provide predictive intelligence on current day trade risk, and both proactively and re-actively identify trade order execution risks. Delta Data’s integrated environment allows for AI to provide unique insights encompassing account counterparty, product, and corporate action event based information.

  • Fully Automate Omnibus and Fully Disclosed Trade Processing

Once each order is received, the system’s automated workflow leverages the rules based trade decision engine to determine the correct automated workflow route to execute the trade. Trade rollup, transmission and receipt/matching of the confirmation is automated, and attention is only requested when an error has been encountered.

  • Integration with our Full Suite of products

Order and trade management is greatly enhanced through direct access to contextual information regarding the product with which the trade is made, the trading counterparty and the latest events affecting trade activity like Account Holds and in flight Product Corporate Actions.

  • Rules-based Trade Routing

Rules based automated workflow analyzes each trade and automatically determines the trade’s validity, proper formation, the optimal clearing route, timing, and whether to trade in an Omnibus or Fully Disclosed manner. FundLinx’s unique ability to leverage multiple clearing partners or direct trading for each trade across the activity to be cleared helps control costs and optimize revenue.

  • Message-Based Architecture

The new message-based architecture delivers horizontal scalability allowing FundLinx to scale to any trade processing throughput.

  • Private Cloud-Based

FundLinx 10.0 is a web-based application delivered exclusively through Delta Data’s private cloud-based infrastructure. This reduces the total cost of ownership, increases accessibility, and ensures optimal health of the software.

 

About Delta Data:  

Delta Data provides back-end solutions processing trillions of dollars in assets for the mutual fund industry, supporting four of the top 10 US banks, four of the top five US retirement recordkeepers and four of the top five US investment managers. Delta Data’s industry-vetted and sophisticated SaaS integrated technology suite enables financial companies to manage the dynamic environment of regulatory change and risk associated with internal and external data management. Delta Data’s unique position within the financial industry allows for the maximum effective application of the latest technologies such as Artificial Intelligence and Machine Learning to provide a turnkey solution for financial services companies seeking to stay ahead of the change.

Contact us to learn more and see how your business can stay ahead of the change.

 

MEDIA CONTACT

Steve Lundin
steve@steve.com
312-602-2434

 

ETFs

Are Active ETFs a Threat to Mutual Funds?

While mutual funds may still dominate the U.S. market, ETFs are gaining traction quickly. According to the 2019 Investment Company Institute Factbook, at the end of 2018, the U.S. domestic mutual funds market amounted to $17.7 trillion in total net assets. At the end of 2018, US domestic ETFs had $3.4 trillion in total net assets, which is double the assets in ETFs from just five years ago. Index domestic equity ETFs are attracting one and a half times the net inflows of index domestic equity mutual funds since 2009. Clearly, ETFs have become very popular investments in a rather short period of time and are continuing to grow. Read more

ACATS

How to Streamline ACATs for Bank Trusts and Keep Customers’ Best Interest in Mind

Customers like a frictionless experience when it comes to finance. When a client has decided to transfer their assets, it’s important to educate them as much as possible. This means keeping customers in the loop as to where their assets are and when they are expected to transfer. No one likes getting the run-around, especially not when it comes to making such a big financial move. The key to streamlining the trust customer’s experience in ACATs is to make the process more proactive than reactive. Read more

Mutual Fund Share Class Churn Shows No Signs of Slowing Down in 2019

Product rationalization has been at the forefront of the mutual fund industry over the last few years. As a result, share class “churn,” which ramped up starting in 2016, is on pace to continue as managers add and replace share classes that better fit the current consumer demand. Read more

Delta Data Launches Proprietary Product Manager

New digital portal significantly eases operational strain associated with creating and managing proprietary products

The Launch of a Proprietary Product Manager

COLUMBUS, Ga., September 18, 2018 – Delta Data, a leading provider of software and data management solutions for the mutual fund industry, today announced the launch of its Proprietary Product Manager (PPM), a tool that supports the construction, trade execution and administration of proprietary funds for trust companies, record keepers, insurance companies and broker-dealers. Read more

FundBlast Recognized by NICSA

Every year at NICSA’s General Membership Meeting, the top initiatives, technologies, and personalities in the asset management industry are presented with NICSA NOVA Awards. This year, we’re proud to announce that FundBlast won its “Innovation in Technology” Award, and are honored to have received this prestigious distinction. Read more

Working Through Liquidity Rule Bucketing Methods

As a firm dedicated to helping funds and distributors “stay ahead of the change,” we’ve been following the liquidity rule closely over the past year. Starting in the late fall of last year when ICI sent a letter to the SEC urging the regulator to delay the compliance date, to February of 2018 when the SEC did elect to grant firms a one-year extension, and continuing to present day where fund shops are in the midst of formalizing the processes needed to comply. Read more

Counterparty Communications Seen as Most Neglected Function

Twenty years ago, email was coming into its own as a simple and effective solution for counterparty communications important information to large groups of people – a significant technological upgrade to faxes. For the fund industry, this has long been the standard for disseminating important information about products to the firms who distribute and service them. As the years went on, the industry has clung to the email based system ever since, despite the industry growing and becoming more complex. Read more