AQR Capital Management goes live with Fidessa Sentinel

Source: Fidessa

Fidessa group plc (LSE: FDSA) announced today that AQR Capital Management, a global investment management firm, has implemented Sentinel, its award-winning compliance solution for the buy-side.

The solution automates trade compliance management across all of AQR's business, which currently includes over $90.2 billion in assets under management.

Sentinel features high-performance data processing capabilities to handle the huge transaction levels of large asset managers like AQR. The solution is renowned as the industry standard for pre- and post-trade compliance management and it benefits users by streamlining workflows and improving order validation speed. It also includes a real-time rules engine that helps AQR keep pace with new regulatory developments. The product is used by the world's top asset management companies, and it has won Best Buy-Side Compliance Product at the Buy-Side Technology Awards for five consecutive years.

Megan Costello, President of Fidessa's North American Buy-Side business, said: "These are trying times for asset managers. They face heightened levels of market complexity and unprecedented waves of new regulation, all while under pressure to reduce costs in a world of shrinking margins. In order to support our clients in such an environment, we have invested heavily in our buy-side products such as Sentinel. For sophisticated, high-volume quantitative shops such as AQR, an engine that could automate compliance and validate orders with speed across a range of different asset classes was something that only Fidessa could provide."

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