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”