LONDON, November, 2018 – 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.
About Watson Wheatley Financials Systems
Watson Wheatley was founded in 2007 to solve reconciliation complexities in buy side firms and bring much needed reconciliation expertise to the FinTech space. It’s iRecs reconciliation tool was originally built for one of the largest hedge funds in Europe and offers a best practice approach for reconciling even the most complex instruments. iRecs is now used by hedge funds, asset managers, commodities traders, P2P lenders and private equity firms worldwide.
About Orchestrade Financial Systems
Founded in 2009, Orchestrade Financial Systems delivers the most modern technology for cross asset, front-to-back trading and risk management. Its award-winning capital markets platform has been implemented by leading financial institutions in North America, Europe and Asia. Orchestrade is headquartered in Silicon Valley with offices in Paris, London and New York.
For Watson Wheatley: Tom Wheatley, firstname.lastname@example.org
For Orchestrade: Gordon Chan, email@example.com