Additional functionality reflects increased emphasis of recs tool on regulatory reporting
Watson Wheatley Financial Systems (WWFS), specialist in securities reconciliation, has added DTCC reconciliation to its reconciliation line-up. The iRecs platform automatically downloads and links daily positions with underlying trade data and reconciles it against internal records.
“Adding the DTCC reconciliation to our existing reconciliation platform was a request from an existing client and fits extremely well with our increased focus on regulatory recs and reporting,” commented WWFS COO Tom Wheatley. “The DTCC data was not the easiest to work with but our integrated data aggregation tool and security master allowed a structured view of this reconciliation.”