SunGard today announced that Sanlam Investment Management (SIM) has successfully upgraded its portfolio management, trading and compliance platform to Decalog V5.0.
Decalog provides portfolio and trade order management functionality, helps streamline investment workflow and helps traders achieve best execution on local and cross-border trading operations.
With more than R300 billion in assets under management, SIM is one of the leading asset managers in the South African investment management industry. Decalog V5.0 provides a user-friendly trading interface that helps users to customise their screen layout. Improved order management features, such as the ability to support basket trading, linked orders and OTC, will help SIM to optimise its trading workflow.
Decalog's new compliance functionality will help SIM implement complex compliance controls. A rule wizard enables compliance officers to create their own specific rules, and a history of rule modifications is stored for auditing at any time. In addition the compliance situation is recomputed in real-time.
"Decalog is a proven solution in the investment management industry and we see SunGard as a strategic partner in helping us to explore its full potential," commented Gerard Barnardt, head of technology at SIM. "In line with international trends, Decalog V5.0 incorporates a FIX version update for fixed income, indications of interest and algorithmic trading which will help us to reduce transaction costs."
"From speed of trade execution to FIX-enabled broker communication, Decalog V5.0 will help SIM to achieve best execution across the order management lifecycle," commented Ettie Takacs, managing director of SunGard’s investment systems business in South Africa. "The upgrade underlines our ability to support SIM's processing requirements, and strengthens our business relationship. SunGard will continue to help SIM leverage the most from their selection of Decalog."