The Independent UCITS Platform selects Clarus Risk for FinTech solution

Updated: Saturday, August 26th, 2017
Article Listed Under: Research & News

Clarus Risk, a niche FinTech provider of high quality, customisable risk solutions, is pleased to announce that the Independent UCITS Platform (‘Independent UCITS’), a family of UCITS funds platforms, has chosen Clarus Risk to develop and deploy a post-trade processing solution (‘PTP’) and to provide intra-day RiskMonitor® reporting for the recently launched WVS Macro Fund on its Irish platform.

The first Independent UCITS Platform was launched in Luxembourg in September 2012 and has since grown quickly. The Platform now hosts a wide variety of different strategies managed by investment companies based in Europe and the U.S. The WVS Macro Fund was launched in March 2017 and is an absolute return, discretionary global macro investment strategy incorporating tactical trading.

PTP efficiently collects and parses executed trade files from the broker for delivery to the fund administrator and custodian. PTP is complementary to Clarus’ core RiskMonitor® solution, which provides customisable risk reporting for a wide range of investment funds. RiskMonitor® provides intra-day UCITS compliance monitoring and risk reporting by processing trades via the broker’s Trade Event Notification Service (‘TENS’).

RiskMonitor® is built using MATLAB® to enable database and data-feed connectivity, complex financial instrument and portfolio calculations, and high-presentation quality risk reporting.

Max Hilton, Managing Director of Clarus Risk said:

“We are delighted to work with Independent UCITS and its counterparties to provide a robust and efficient post-trade solution as well as intra-day, UCITS risk reporting. This is further validation that our award-winning FinTech systems deliver pragmatic reporting solutions to a broad range of clients.”

Hugh Hunter, CEO of Independent UCITS, said:

“Clarus Risk have provided us with a customised solution which fits with our philosophy of partnering with specialist experts. Clarus’s FinTech system delivers a seamless means for UCITS funds to comply with their regulatory obligations in a simple but effective way.”