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UAT Launches Trading Oversight System For Investment Industry

Technology provides pre-trade compliance, real-time reporting, and lower brokerage costs for sub-advised platforms, says UAT.

UAT, a Denver-based technology and consulting company, has launched its Unified Compliance and Control System (UCCS).

UCCS is the $2.7 trillion sub-advised industry's first pretrade compliance, realtime reporting, and brokerage cost savings system, according to the vendor.

Organizations that utilize external asset management have historically been unable to implement real-time control over their outside money managers, UAT said.

"Today's sub-advised industry touches millions of Americans who invest in mutual funds, pension plans, bank trusts, 401(k), and insurance products," UAT President Tom Warren said in a release.

"Our turnkey system benefits both the industry and investors by providing a level of fiduciary oversight never before available. UCCS stops costly mistakes before they happen," he added.

UAT says its solution is designed to help sponsor firms address compliance and regulatory challenges and, at the same time, significantly reduce their overall brokerage expenses.

The integration of UAT's patent-pending proprietary HiLo Engine with Linedata Services' LongView Trading order management system lowers trading costs by executing certain transactions through a low-cost brokerage network.

"We estimate a sponsor firm that manages $20 billion in active equity assets could save as much as $15 million annually using UCCS," said Warren. "It's hard to argue the logic of that kind of cost efficiency."

Coinciding with its product introduction, UAT today launched its website, www.uatinc.com.

The site is designed to educate asset management executives who have fiduciary responsibility for sub-advised accounts. In addition to a library of content designed to address the sub-advised industry's long-standing regulatory challenges, the UAT website also features an interactive "Brokerage Savings Calculator." The calculator presents the potential annual savings in brokerage costs that UCCS could generate based on an organization's inputs of actual trading volume and per-share trading costs. The tool also presents the impact those savings could have on investment performance and corporate profits. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

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