Front Office

Release 24.04 - Front Office

Alert API

The Alerts API for Compliance Manager alerts enables you to integrate post-trade compliance information seamlessly into external applications.

For portfolio managers that use their own specialized applications (whether based on Excel, in-house built or third-party solutions), the Alerts API complements the existing Front Office API to bring both the pre-trade and post-trade compliance directly to them.

Investment controllers screen and qualify compliance breaches using Compliance Manager’s Alerts Inbox and pass them onto portfolio managers, no matter if they use Asset Manager or another portfolio management tool. Through the API the portfolio manager can see all events and actions related to a post-trade compliance breach, access the result details and comment on an alert before possibly passing it back to the investment controller for further clarification. Used in this way, the API provides full transparency and auditability of the process – also for actions performed on alerts by non-SimCorp Dimension users.

Other possible use cases for the Alerts API include:

Connect Alerts Inbox with a company-wide incident management system to centralize exception handling.
Further automate the alerts workflow on top of the possibilities provided by Business Rules Manager.
Create a dedicated application specifically for compliance failures to make it easier for infrequent SimCorp Dimension users to work with them.

For software engineers implementing API solutions, the API is simple and intuitive to work with and follows modern web API design principles.

Benefits

Deeper integration of the compliance workflows into external tools and applications
Enable non-SimCorp Dimension users to work directly with post-trade compliance failures from Compliance Manager
Full transparency and auditability of alert actions no matter if they are performed natively in SimCorp Dimension or via the API
Automate alert actions above what is possible with Business Rules Manager

The Alerts web API provides a modern and intuitive user experience to the software engineer working with it.

Subscription based licensing

Compliance Manager

Sales module dependency

Compliance Manager Base

Streaming Delta Overview

SimCorp introduces a new real-time streaming API for Order Manager data to help support clients have the capability to enrich and utilise more effectively their own proprietary trading support and decision-making tools.

The streaming API provides consistent data structures so the data that is streamed isn’t subject to breaking changes as newer trading opportunities arise i.e. adding trading Repos in a later release.

This makes it possible for trading / Order Manager data to be streamed based on events as they occur in Order Manager

Scope

When an event happens in NOMA, several delta messages will be published on the same message session to ensure message ordering.
Covers important Order Manager domain concepts like orders, programs and comments.
Support protobuf binary payloads for efficient serialization/deserialization.

Benefits

Azure Service Bus is the communication medium to ensure a robust connection between the cloud-native environment and on-premise/SaaS SCD installations.
Possible client APIs: native Azure Service Bus clients, REST clients, etc.

Subscription based licensing

Order Manager

Sales module dependency

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previous releases

Release 24.01 - Front Office

Pre-placement compliance validation for Equity & Futures when configured

As of version 24.01, if you are using the new Order Manager architecture, you can configure equity and future placements to be subject to compliance validation before placing.

If pre-placement compliance validation is enabled, then the equity and future placement is affected in the following way:

The placement distribution is pre-allocated and any fills received/executed are distributed on that basis.
The placement is created in a draft state when the compliance validation for the portfolios/placements is pending.

After the validation, if enabled, a ‘Can Proceed’ indicator is displayed at the placement level, reflecting the response from the compliance validation.

If the ‘Can Proceed’ indicator displays a green arrow, any trading communication is released immediately, and the placement state changes to ‘Working’.
If the ‘Can Proceed’ indicator displays a general prohibition sign, you must amend or cancel the placement.
If the ‘Can Proceed’ indicator displays a yellow arrow, it means that there are compliance validation errors. You can override them with or without providing a reason.
If the ‘Can Proceed’ indicator displays a blue arrow, you must request compliance approval.
If the ‘Can Proceed’ indicator displays a yellow or blue arrow, any actions, such as setting an override, are monitored by SimCorp Dimension. This means that the placements are updated automatically when an override is set.

You can still amend your ‘Working’ placements. The following rules apply:

Changes are subject to compliance validation (if enabled).
The amendment to the placement is created in a draft state when the compliance validation for the portfolios/placements is pending.
During the amendment process, you can preview the compliance validation in the placements blotter/grid.
Changes are committed in the ‘Compliance Results’ applet, available when you right-click a placement in the placements blotter/grid and select ‘View Compliance Results’.
If required, the amended placements can be reverted to their previous state.

Benefits

Placements (for Equities and Futures) can be configured for validation
Standard Compliance “user interfaces” are used for rule definition and then approval, where applicable.
Placements that are Auto placed; Placed to favourite; Manual placed can all utilize this flow.

Illustrating viewing Compliance results during placement and amendment of placements:

In the Order Manager blotter the optional column “Can Proceed” can display the results provided from the Compliance rule evaluation:

N/A

Sales module dependency

Order Manager & Compliance