LINEDATA, UAT PARTNER ON COMPLIANCE AND REPORTING SYSTEMS

Posted March 5, 2009

BOSTON – Linedata Services has partnered with UAT Inc., a Denver-based technology and consulting company, to provide a pre- and post-trade compliance, real-time reporting, and brokerage cost savings system for sub-advised investment platforms.

“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’ 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,” says 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.”