The connection creates a standard interface for Orchestrade clients who wish to leverage the iRecs reconciliation system to solve complex reconciliation issues and increase operational efficiency. Watson Wheatley’s growing client base will derive many benefits from the connection including robust data delivery, standardised support and faster onboarding.

Tom Wheatley, COO at Watson Wheatley, commented: “Alternative asset managers, especially those with complex requirements, have found it hard to find a provider that offers the complete cross-asset front-to-back office functionality they require coupled with excellent customer service. We believe Orchestrade fills this gap, and this is our reason for partnering with them. Orchestrade clients can now leverage the best practice approach of iRecs thanks to the connectivity between the two systems.”

Gordon Chan, Orchestrade Vice President Marketing, said: "Our integration with iRecs reflects our commitment to offer broad out-of-the-box connectivity to market standard solutions that enable our clients to have a seamless digital experience. We share a common culture of client-centricity and innovation with Watson Wheatley to deliver greater efficiency to a fragmented and largely manual market.”