This release introduces a new Rule Editor, which provides an expanded set of functionalities for defining rules, including enhanced logic, increased customizations, new rule types and improved logic for existing rule types. Version 5.7 also introduces the Calculation Manager, offering a centralized location for managing configurable calculations using any data element in the system. Additionally, compliance rules can be set up to monitor various thresholds and alert users of violations via mobile alerts so users are kept informed when they are away from their desks.

"Our clients are using more complex and intricate rules to stay within the boundaries of their own self-imposed restrictions, those required by their clients or those mandated by regulation. With this latest release, compliance users will find it easier than ever to build rules using hundreds of templates and calculations, including updated templates for UCITS, such as issuer concentration and counterparty exposures rules," said Sean Sullivan, director of Global Sales for ConvergEx's Eze Castle Software.

In addition to these product enhancements, ConvergEx also offers a specialized consulting team that focuses on compliance implementations and ongoing support, including the configuration of new rules and calculations.

"These enhancements and the Eze support team are particularly valuable as UCITS and Newcits funds continue to enjoy a high level of popularity throughout Europe and beyond. To be successful, new UCITS funds not only need strong managers, they need robust, real-time risk and compliance management software to meet their regulatory needs," said Simon Clark, director of European Consulting for ConvergEx's Eze Castle Software. "Our team has been helping with UCITS fund launches for years and has a knowledge base surrounding the risk and compliance requirements that is tremendously helpful for clients."