Every inflow, outflow, upload, and recon item entering the system does so via our Approval engine which requires a reviewer and approver (or more) to sign off. Every break requires a reason as well, and the full audit trail is available for external review. If you want your ISAE 3402 accreditation process to be easy, you need DataView Fund.
All inflows and outflows to each fund are automatically imported from the administrators, normalized, and captured ready for the Ops team to sign off first thing in the morning. Additional Flows can be added with an audit trail using the same approval mechanism. Once approved these are automatically uploaded into the Portfolio Management system ready for trading, with a full audit trail of who signed off, when and why. Trading Capitals can be uploaded in exactly the same manner.
Our powerful DataView Multi-Tenant Data Lineage Fabric has adaptors for most of the Administrators, Prime Brokers, Portfolio Management, and trading systems. Each data set is automatically imported at various intervals (batch, multi-batch, or live) and is then validated and normalized into a single format. All trades, positions, p&l, cash, and nav items are reconciled (2 or 3 way) at leaf level and all differences (exact or outside of tolerance) are captured into our Approval Engine for review. The Ops team will need to comment on each break as to whether it was “remedied and rerun” or “remedied for next run”, and then either approve or reject the break, which may result in several actions being performed. The approval flow can be tailored to have any number of approving roles and actors.
At varying intervals, trade files need to be sent to counterparties. Dataview Fund will generate the trade files in the counterparties’ format with the counterparties’ specific codes, and send the trade files(s) via the counterparties’ required mechanism(s) like email, SFTP, or API. Some trade files are required within minutes of trading and would be sent individually whereas other are required in batches at certain times.
Various limits or criteria can be set up at various levels across the fund, account, or strategy which can be monitored daily or intraday. The can be mandate limits, internal limits or custom criterian
A vast set of reports and excel APIs allow for detailed reporting. In addition, our QueryDictionaries can be used to create bespoke reports. These can be at any level including see-throughs into the underlying instruments.
The DataView Data Lineage Fabric allows for point-in-time validation of previously changed data. Once this is performed then all trading data can be validated against know models within tolerance. A full set of analytic libraries are available to price and value any asset class. All feed definitions are entered into the system and are re-calculated and compared with what was received. All breaks are outputted to the Approval engine for review and approval.
All trade, position, p&l, fee, and commission data is normalized and reconciled against various sources. We then offer the ability to re-create NAV and compare it to Administrators and Prime Brokers.