UK-based Genesis Investment Management has adopted the new SimCorp Dimension front office suite for its order construction, pre-trade compliance, dealing and order execution.
Genesis has now gone live with the new software, which will be utilised via telephone and Financial Information eXchange (FIX) protocol.
The investment manager originally implemented SimCorp Dimension in 2007 for its dealing, compliance, settlement and accounting functions.
Genesis chief operating officer and partner Martyn Ryan said SimCorp Dimension had allowed Genesis to grow its assets under management and the volume of its transactions while reducing operating costs.
The system’s compliance functionality had also allowed Genesis to deal with a much wider range of clients, Ryan added.
The new front office capabilities are more intuitive and user-friendly, which means the Genesis compliance team can easily examine individual rules and see how they are constructed.
“Everything for them is in plain English, and uploading data is very straight forward so the risk of error is reduced. It is similar in the dealing area of the order management suite,” said Ryan.
Ryan was also impressed with the highly automated nature of the pre-trade compliance function, which had increased both speed and accuracy for Genesis.
