Cosmos Technologies, the product development arm of Indus Valley Partners, today announced the general availability of Cosmos Security Master, a fully customizable, comprehensive security data management solution that enables critical security information to be centrally stored and efficiently managed in a complex multi-fund and multi-strategy , Multi-counterparty, multi-asset environment.
Cosmos Security Master is the only commercial solution designed from the ground up to meet buyer-side needs to tightly control and seamlessly disseminate consistent, real-time security information within a fund’s internal systems. This ensures operational integrity with minimal overhead.
Cosmos Security Master serves as the “single window of truth” to all security, counterparty, legal entity and corporate action information within a fund and effectively removes some of the chronic problems faced by the various business groups (trading, risk, operations, compliance, Investor reporting, etc.), d. H. Unavailability of timely, accurate and reliable security data and inability of existing systems to manage and track securities in their natural form.
The Cosmos Sec Master was built in collaboration with a European $ 20 billion multi-strategy fund and a large US private equity hedge fund over the past two years and is already active with three large funds that exceed AUM 35 billion between them manage all asset classes and strategies. Cosmos Sec Master is the “only” solution on the market designed for the big hedge funds and the big hedge funds themselves.
The main differentiator of the Cosmos Security Master is that users can define the structure and format of new SEC TYPES (including sections, schedules, constituent parts, sub-suppliers, etc.) in a number of ways on the fly; H. Use of market data providers, APIs, feeds and / or manual creation via the GUI.
This innovative approach eliminates the concept of “custom fields” so that each security type and field can be customized by the end user. This approach frees the end user from the dependency of waiting for a manufacturer version to “natively” support new sec. Types. The new SEC types can be used immediately via GUI and APIs without the need for a new version.
Similarly, Cosmos Security Master clients no longer have to “wait” for Cosmos to support new / niche vendors as the solution gives complete control over loading, validating and processing new data feeds into appropriate Sec types within the platform.
An intrinsic reference master module allows users to assign generic (country, currency, exchange, etc.) as well as SEC-TYPE-specific (coupon type, dividend type, delimitation convention, etc.) or FUND-specific (analyst, strategy) create, manage and store codes etc.) reference data in a single central repository. Users can save multiple mappings for specific reference data to accommodate downstream / upstream systems accessing the same security. For example, Exchange data stores exchange codes provided by the data provider, trading system, accounting system, pricing system and fund administrator. In this way, consistent data can be distributed seamlessly across a fund’s systems.
Based on the requirements for reference data sources (e.g. Bloomberg, Reuters, Telekurs, FT IDC, MarkIT, etc.) from different business groups, Cosmos Security Master can be configured to receive data based on a combination of SEC-TYP and attribute, which is controlled directly by the end user, ie a fund, can connect a new specialized data provider and define rules to control the quality of the data flowing into the security master.
Referential integrity of data can be maintained by defining the “no duplicity” condition for one or more identifier types so that users cannot duplicate a security that already exists in the security master.
Attribute-level access control across user groups and security types defines which business users have access to which reference information so that each group can create, manage, and view function-specific fields.
The system provides a comprehensive audit trail for all attributes of a security with the granularity of the update at the user or system level.
An integrated module for corporate actions enables users to track and monitor all feeds for corporate actions and to generate statements for the downstream booking in the position keeping and / or portfolio accounting system.
An intuitive rule builder enables users to define and manage robust operational workflows per SEC TYPE for creating and managing collateral. For example, all listed securities can be created without user intervention, while there can be multi-stage approval workflows for OTC derivatives.
Gurvinder Singh, CEO of IVP said, “Cosmos Security Master is the only solution on the market for the big boys (large multi-strategy funds) they have developed. It frees the end user from the dependency of the vendor to support new types of security by allowing it. ” Model them natively in the system and manage plugging in new data sources yourself if you so wish. The funds now have a solution that not only works immediately for all major providers, but also gives them the option of connecting custom data sources if necessary. Scrub the data and maintain clean, consistent data in a central repository shared by trading, operations, finance, risk, compliance and accounting. Gone are the days of the provider sticking to getting a new data source. Predefined integration scripts for the industry standard OMS (e.g. Eze Castle) and portfolio accounting systems (e.g. Advent Geneva) ensure a fast and optimized implementation for a fast ROI. “
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