Linedata Services Forms Strategic Partnership with UAT, Inc.
05 March 2009 - 4:49AM
Business Wire
Linedata Services (NYSE-EURONEXT: LIN), today announced it
formed a strategic partnership with UAT, Inc., a Denver-based
technology and consulting company, to provide the industry�s first
pre- and post-trade compliance, real?time reporting, and brokerage
cost savings system for sub?advised investment platforms.
Organizations utilizing external asset management, including
insurance companies, pension plans, bank trust groups, 401(k)
providers, mutual fund companies, foundations, and endowments, have
historically lacked comprehensive oversight and controls over their
sub-advisors. The current market environment demands stricter
regulatory supervision and greater cost savings from these types of
firms, and UAT provides them with an elegant solution to both of
these challenges.
�Linedata has collaborated with UAT to offer a truly
comprehensive solution for pre-trade compliance, real-time
reporting, and brokerage cost savings,� says Annie Morris, Managing
Director for Linedata Services North America. �The integration of
UAT�s industry-leading technology paired with Linedata�s
comprehensive trading and compliance solution offers sponsor firms
greater fiduciary oversight and the potential for dramatic cost
savings.�
UAT�s Unified Compliance and Control System (�UCCS�) is offered
exclusively through Linedata�s Application Service Provider (�ASP�)
delivery and includes Linedata Services� award-winning LongView
Trading and Linedata Compliance. This partnership offers superior
regulatory control and enhanced governance through real-time,
rules-based, pre- and post-execution compliance. The integration of
Linedata�s LongView OMS with UAT�s patent-pending proprietary
High-Low Engine (�HLE�) significantly decreases trade brokerage
costs by identifying �high-touch� orders that require special
handling and �low-touch� orders that do not require special
handling, enabling a sponsor firm to execute more trades through a
low-cost brokerage network.
�UCCS is the answer to a deficiency the sub-advised industry has
battled since its inception in the mid-1970�s,� said Tom Warren,
President of UAT, Inc. �Our turn-key system, paired with Linedata�s
robust front-office solutions, provides peace of mind, particularly
to the sponsor firm�s Chief Compliance Officer and Trustees, who
have a fiduciary responsibility for these assets. The potential to
monitor real-time positions and lower brokerage fees can result in
millions of dollars in cost savings annually for a sub-advised
trust.�
Notes to Editors
About Linedata Services
Linedata Services (Bloomberg: LIN:FP) is the global leader for
investment software, solutions, and support. Linedata combines
technological innovation, financial strength, and a deep
understanding of the Asset Management, Leasing & Credit
Finance, and Insurance & Savings industries. Linedata Services�
asset management division provides comprehensive, scalable
solutions to the buy-side to manage the entire investment process
from pre-trade to post-settlement. Linedata is unique in offering a
full front- to back-office solution via enterprise installation, or
as an Application Service Provider (�software as services� or
�service bureau� delivery), and has 20 years experience delivering
ASP solutions. Linedata Services� asset management division was
named Buy-Side Technology�s Best Overall Technology Provider in
2008.
Headquartered in France, Linedata Services achieved revenues of
EUR 160.7 million in 2008, has offices worldwide, and services more
than 700 clients across 50 countries. For more information, visit
Linedata Services corporate site at www.linedata.com.
About UAT, Inc.
UAT is a Denver, Colorado-based technology and consulting
company. With expertise in enhanced risk management and compliance
supervision processes, UAT provides the industry�s only pre-trade
compliance and order management system for sub-advised investment
platforms. The Firm�s innovative �Unified Compliance and Control
System� provides superior fiduciary control, lower brokerage costs,
and improved investment performance for the benefit of shareholders
and beneficiaries in sub-advised and externally managed investment
portfolios. For more information, visit the UAT corporate website
at www.uatinc.com.
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