Watson Wheatley and Orchestrade connect for Reconciliation
Posted: 29 November 2018 | Source: Watson Wheatley
Watson Wheatley, the premier provider of reconciliation solutions and Orchestrade, the most modern front-to-back trading and risk management platform, today announced the integration of the iRecs reconciliation solution with the Orchestrade core portfolio management and risk system.
The connection creates a standard interface for Orchestrade clients who wish to leverage the iRecs reconciliation system to solve complex reconciliation issues and increase operational efficiency. Watson Wheatley’s growing client base will derive many benefits from the connection including robust data delivery, standardised support and faster onboarding.
Tom Wheatley, COO at Watson Wheatley, commented: “Alternative asset managers, especially those with complex requirements, have found it hard to find a provider that offers the complete cross-asset front-to-back office functionality they require coupled with excellent customer service. We believe Orchestrade fills this gap, and this is our reason for partnering with them. Orchestrade clients can now leverage the best practice approach of iRecs thanks to the connectivity between the two systems.”
Gordon Chan, Orchestrade Vice President Marketing, said: "Our integration with iRecs reflects our commitment to offer broad out-of-the-box connectivity to market standard solutions that enable our clients to have a seamless digital experience. We share a common culture of client-centricity and innovation with Watson Wheatley to deliver greater efficiency to a fragmented and largely manual market.”
Orchestrade is the only institutional-grade, cross-asset capital market platform launched after the financial crisis. It is designed to dramatically reduce IT dependency during implementation and operation by delivering a native, cross-asset, end-to-end solution that is connected to the broader capital market ecosystem out of the box.
Watson Wheatley is a privately held company that specialises in securities reconciliation for the buy side. With extensive experience in the financial markets and excellent customer service, Watson Wheatley has gained a reputation for being the premier provider of reconciliation solutions for alternative asset managers.