IMP’s Patented CLEAR Compliance®
IMP has been working with OMS rule libraries for nearly 20 years. Consistently, rule libraries have error rates ~35%.
65% Accuracy is Close Enough??
Our team at IMP doesn’t think so.
*Average error rate for an OMS library is less than 2 years since implementation or without a consistent testing program.
Avoiding trading errors may be the front office’s job, but Portfolio Managers rely on your OMS compliance system to catch any preventable errors. Of the 35% error rate:
~20% result from coding errors due to data changes, vendor updates and changes in the investment process or strategies.
~15% is missed or misinterpreted requirements language in IMAs, addenda and various updates.
“We couldn’t buy NETFLIX because of an ETF rule - are they kidding?”
Does Compliance Add Alpha?
Precise compliance rules:
Prevent trading errors
Streamline trading flows
Support best execution
Yes, it does.
Common Rule Errors - take a closer look …
See how CLEAR Compliance® lowers risk while saving time and budget:
“We scramble to get requirements and rules from new institutional clients quickly.”
“Our board wants assurance we no longer have coding errors or gaps.”
“The Front Office has a question on Rule 1234, and I have to drop everything to research it.”
“Every time a rule has an issue, it takes days to trace the history of the rule.”
Let us prove it!
OK, but what about the next time? How does CLEAR Compliance® help us with our daily workload?
We can run a proof-of-concept for your firm for 1-3 accounts so you can see how it works.
