Front Office

Release 24.07 - Front Office

Streamlined Workflows to Boost Productivity

Compliance Manager brings a number of improvements to the investment controller’s daily workflow in version 24.07. These improvements unify the way you work with post-trade compliance warnings and failures, and pre-trade compliance override requests. Your daily work related to the pre- and post-trade compliance workflows are now all anchored in Alerts Inbox. An additional number of smaller, powerful, improvements to the usability further boost your efficiency.

Alerts on warnings brings the rich workflow, that you know from post-trade failures, to the warning level of your investment guideline monitoring. This reduces the risk of potential issues being overlooked and escalating to become failures.

For failures that do happen, the automatic classification into active or passive breaches has been refined so that you can designate certain types of transactions as being passive. Typically back office transactions.

Portfolio managers’ requests for compliance overrides now arrive in Alerts Inbox from where you can accept or reject them. This allows different people to receive automatic email notifications dependent on which compliance rule, portfolio, etc. an override request is for. All standard alerts actions, such as assigning, writing comments are available for compliance override request alerts.

All Compliance Manager alerts now show related alerts as a part of their details. As an example, when working with a compliance failure, you will see recent similar warnings and data exceptions to give you a fuller picture of what lead to it.

Benefits

Unified and consistent workflow for compliance warnings and failures.
Rich workflow for compliance override request, including advanced email notifications and configuration of who is permitted to accept overrides of which compliance rules.
Full transparency and auditability of actions and events, for both pre- and post-trade workflows
Granular automatic classification of active and passive breaches.
General productivity boost though a number of general usability improvements to compliance alerts, such as new standard alerts filters and additional information displayed in the alert headers.

Subscription based licensing

Compliance Manager

Sales module dependency

Compliance Manager

Improvements to Front office holding service load balancing.

The Front office holding service type is now deprecated. It is replaced by the Front office data service by default, which is the recommended service from version 24.07. This means that on upgrading to version 24.07, a conversion program runs to replace automatically the Front office holding service with the Front office data service in your Service Model. There is no manual intervention or configuration required after the upgrade.

This solution is designed to handle a message queue of position updates by weighting all messages and distributing them across multiple data services.

To implement such a solution, a new Front office data service type and a Front office data service load balancer service type are available to run on the Service Platform. When you run one or more Front office data services, a Front office data service load balancer service type is started automatically.

Benefits

Improved system performance due to faster processing of queue.
All operations with queue are done on the Front office data service load balancer without locking any resources. Loading of the Front office data services is done in a better way involving them all in parallel when needed.
No processing delays as the Front office data service load balancer guarantees that Front office data services do not try to update the same positions.
The Front office data service load balancer keeps History of updated positions. The service which did update of similar position before has preference during distribution.
New opportunities to implement scaling strategies for the Front office data services in future.

Improvements to Front office holding service load balancing

Improvements to Front office holding service load balancing.

Subscription based licensing

Asset Manager

Compliance Manager

Sales module dependency

Asset Manager

Compliance Manager

Support Index certificates in Order Manager

The Index Certificate instrument type is now supported on the New Order Manager Architecture for Equities asset class.

Index Certificate orders can be released from Asset Manager and executed in Order Manager using all capabilities of New Order Manager Architecture including FIX and manual trading.

Benefits

Increase Order Manager instrument coverage.
Enable front to back workflow for Index Certificate instrument in SimCorp Dimension.

Subscription based licensing

Order Manager

Sales module dependency

Order Manager

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previous releases

Release 24.04 - Front Office

Alert API

The Alerts API for Compliance Manager alerts enables you to integrate post-trade compliance information seamlessly into external applications.

For portfolio managers that use their own specialized applications (whether based on Excel, in-house built or third-party solutions), the Alerts API complements the existing Front Office API to bring both the pre-trade and post-trade compliance directly to them.

Investment controllers screen and qualify compliance breaches using Compliance Manager’s Alerts Inbox and pass them onto portfolio managers, no matter if they use Asset Manager or another portfolio management tool. Through the API the portfolio manager can see all events and actions related to a post-trade compliance breach, access the result details and comment on an alert before possibly passing it back to the investment controller for further clarification. Used in this way, the API provides full transparency and auditability of the process – also for actions performed on alerts by non-SimCorp Dimension users.

Other possible use cases for the Alerts API include:

Connect Alerts Inbox with a company-wide incident management system to centralize exception handling.
Further automate the alerts workflow on top of the possibilities provided by Business Rules Manager.
Create a dedicated application specifically for compliance failures to make it easier for infrequent SimCorp Dimension users to work with them.

For software engineers implementing API solutions, the API is simple and intuitive to work with and follows modern web API design principles.

Benefits

Deeper integration of the compliance workflows into external tools and applications
Enable non-SimCorp Dimension users to work directly with post-trade compliance failures from Compliance Manager
Full transparency and auditability of alert actions no matter if they are performed natively in SimCorp Dimension or via the API
Automate alert actions above what is possible with Business Rules Manager

Subscription based licensing

Compliance Manager

Sales module dependency

Compliance Manager Base

Streaming Delta Overview

SimCorp introduces a new real-time streaming API for Order Manager data to help support clients have the capability to enrich and utilise more effectively their own proprietary trading support and decision-making tools.

The streaming API provides consistent data structures so the data that is streamed isn’t subject to breaking changes as newer trading opportunities arise i.e. adding trading Repos in a later release.

This makes it possible for trading / Order Manager data to be streamed based on events as they occur in Order Manager

Scope

When an event happens in NOMA, several delta messages will be published on the same message session to ensure message ordering.
Covers important Order Manager domain concepts like orders, programs and comments.
Support protobuf binary payloads for efficient serialization/deserialization.

Benefits

Azure Service Bus is the communication medium to ensure a robust connection between the cloud-native environment and on-premise/SaaS SCD installations.
Possible client APIs: native Azure Service Bus clients, REST clients, etc.

Subscription based licensing

Order Manager

Sales module dependency

Release 24.01 - Front Office

Pre-placement compliance validation for Equity & Futures when configured

As of version 24.01, if you are using the new Order Manager architecture, you can configure equity and future placements to be subject to compliance validation before placing.

If pre-placement compliance validation is enabled, then the equity and future placement is affected in the following way:

The placement distribution is pre-allocated and any fills received/executed are distributed on that basis.
The placement is created in a draft state when the compliance validation for the portfolios/placements is pending.

After the validation, if enabled, a ‘Can Proceed’ indicator is displayed at the placement level, reflecting the response from the compliance validation.

If the ‘Can Proceed’ indicator displays a green arrow, any trading communication is released immediately, and the placement state changes to ‘Working’.
If the ‘Can Proceed’ indicator displays a general prohibition sign, you must amend or cancel the placement.
If the ‘Can Proceed’ indicator displays a yellow arrow, it means that there are compliance validation errors. You can override them with or without providing a reason.
If the ‘Can Proceed’ indicator displays a blue arrow, you must request compliance approval.
If the ‘Can Proceed’ indicator displays a yellow or blue arrow, any actions, such as setting an override, are monitored by SimCorp Dimension. This means that the placements are updated automatically when an override is set.

You can still amend your ‘Working’ placements. The following rules apply:

Changes are subject to compliance validation (if enabled).
The amendment to the placement is created in a draft state when the compliance validation for the portfolios/placements is pending.
During the amendment process, you can preview the compliance validation in the placements blotter/grid.
Changes are committed in the ‘Compliance Results’ applet, available when you right-click a placement in the placements blotter/grid and select ‘View Compliance Results’.
If required, the amended placements can be reverted to their previous state.

Benefits

Placements (for Equities and Futures) can be configured for validation
Standard Compliance “user interfaces” are used for rule definition and then approval, where applicable.
Placements that are Auto placed; Placed to favourite; Manual placed can all utilize this flow.

Subscription based licensing

N/A

Sales module dependency

Order Manager & Compliance