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Truss Edge rolls out enhancements to middle and back office tech for hedge fund managers and ETFs

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Truss Edge, an independent middle and back office technology solutions suite for fund managers, has further improved its data management, systems infrastructure and performance capabilities. The improvements come as part of its latest update to its core software.Other improvements have included enhancements to its navigation and transaction reconciliations systems.

The latest core software update is directed at helping client fund managers, including hedge funds, family offices and ETFs, deal with key operational challenges. Truss Edge assists funds and their service providers in automating data management and reporting functions.

Data management capabilities have been enhanced to allow Truss Edge analysts to configure FIX protocol connections for clients in the setup process. This will speed the delivery of this critical FIX trade connectivity for clients as they expand trade counter-parties.

Truss Edge provides the full breadth of connectivity for clients’ trading and straight through processing (STP), including the FIX messaging standard. APIs include web services typical with ISDA counterparties and crypto exchanges as well as Excel and flat files. 

The use of zip files has also been enabled to allow for importing of data and making further efficiency and permissions improvements in the way data is imported.

“We have progressively implemented features that bring data management under business analyst control enhancing our speed of delivery and ensuring responsiveness to our clients’ business needs,” says Dave Shastri, Head of Strategy at Truss Edge.

Truss Edge clients use its integral Dashboard to receive collated reporting that is delivered on a schedule securely, as well as to drive scheduled data management processes including STP activity and reconciliations.  The user experience has been improved by adding a link in the Dashboard for scheduled tasks that drive the user to the appropriate task and filtering. 

Time zone identification and visualisation has also been improved. Truss Edge scheduling is designed to drive both exception-based processes and increase business efficiency.

A new reconciliations transaction page has been created to allow for the verification of MiFID data for regulatory reporting and to ensure this is delivered accurately.

Jay Duffy, CEO of Truss Edge, adds: “In today’s fund technology market it is essential that vendors remain highly responsive to the requirements of asset managers. The enhancements we make to our technology services are based on the needs of our clients as they react to operational and regulatory challenges. The flexible architecture of our technology processes means that we can readily make changes as operational needs occur.”

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