28 May 2018

Melqart Asset Management rolls out Watson Wheatley reconciliation tech

22 June 2017  |  2116 views  |  0 Source: Watson Wheatley

Watson Wheatley have announced that Melqart Asset Management, the London-based alternative investment management firm, have implemented the iRecs reconciliation solution.

Specialists in securities reconciliation, Watson Wheatley have used their own in-house implementation team to interface with Bloomberg AIM and external data sources to provide a comprehensive daily solution. The fully automated system allows total control and remediation of daily breaks as well as comprehensive integrity checking of position and cash movements against underlying transactional data.

James Austin, Head of Operations at Melqart Asset Management: “iRecs has become an integral part of our control environment, replacing existing manual processes and enabling us to efficiently identify and resolve breaks. The solution represents excellent value for money and the level of automation provided is important as we continue to grow”

“WWFS have provided exceptional continuing support underpinned by a comprehensive understanding of our operational requirements.”

Tom Wheatley, COO at Watson Wheatley Financial Systems: “This was the first time we have interfaced with Bloomberg AIM and although the data wasn’t easy to work with at first our data aggregation tools made short work of it in the end”

“We are pleased that Melqart opted for our hosted implementation which substantially reduces up-front IT costs for new clients and provides a secure repository for sensitive data” 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit response.ncr.comVisit iliad-solutions.com/Visit http://go.jumio.com/finextraAd

Who is commenting?

Top topics

Most viewed Most shared
satelliteAnt Financial provides tech for China Ever...
37059 views comments | 3 tweets | 2 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
9309 views comments | 18 tweets | 26 linkedin
MUFG to roll out blockchain payment network next yearMUFG to roll out blockchain payment networ...
7912 views comments | 13 tweets | 13 linkedin
ING opens developer portalING opens developer portal
7619 views comments | 17 tweets | 23 linkedin
PayPal and Google bind payment railsPayPal and Google bind payment rails
7425 views comments | 11 tweets | 16 linkedin

Featured job

to $120K base, 200K ote, benefits
New York City, NY - USA

Find your next job