Development of Electronic feed for Broker Statement

Abstract

According to survey of 200 hedge fund managers by likes of KPMG and Mckinsey (Big 4 auditing firm globally), hedge fund companies globally are spending around USD 3 billion as compliance cost. Hence compliance is becoming a major thrust area for Hedge funds in terms of developing software solutions and automation. There is third party product available that help monitor compliance requirements. Compliance system is to track, audit and oversee employee securities transactions and Financial disclosure in real time. Compliance clears, approves, tracks, and ensures compliance for all processes. This is manually performed in current state which is take long time or may contain error. It is important to integrate feeds from brokers electronically to have seamless compliance management. The project is having multiple stages. First, Using existing capabilities of 3rd party product / develop customized solution to develop centralized security. Second, Integrate broker feeds electronically into the product. Third, Extend electronic feed integration across all other brokers. Comparison different algorithm accuracy for stock prediction.