Modern engineering for the investment firm designed for fund managers by fund managers – a cloud-borne, API-driven IBOR.
Fund managers commonly lack consolidated and easily accessible intra-day transactions and positions data for use by portfolio managers, market risk functions, reporting teams and other key business functions. The ideal way to provide this information is via an investment book of record, or IBOR, but all of the IBORs currently available to fund managers have significant drawbacks. Typically, they are parts of large integrated systems requiring lengthy, expensive and usually difficult implementation programs, their age means their underlying designs are often outdated, and none have been developed specifically to take advantage of the benefits of cloud computing.
Aprexo’s hub is an IBOR with a modular API-driven design, built in Microsoft’s Azure cloud. It is non-intrusive and can be implemented incrementally, and because of this can act as a catalyst for the evolution of an enterprise IT architecture to its target state. It manages all data along two different timelines – ‘as is’ and ‘as was’ – and as such is fully bitemporal. It is also built to be an immutable record of all activities. The API-first design supports integration with proprietary software and with applications sold by other vendors.
Aprexo can help firms reduce costs while dramatically increasing the quality of the core data they hold about their clients’ investments. Unlike many investment platforms it does not dictate a particular operating model, nor does it tie firms into particular portfolio management systems, order management systems, client reporting packages, etc.