Man Group PLC is expanding the use of Sybenetix’s conduct management software, Compass, across its investment manager firms from equities and personal trading to fixed income, while its performance management solution Edge will now be used by FRM to evaluate fund performance, having been successfully deployed with GLG.
The announcement was made by London Mayor, Boris Johnson at the British Tech Breakfast in New York where the best UK technology companies were showcased to US financial institutions and venture capitalists.
Man Group’s compliance departments use Sybenetix’s Compass System in the systematic review of trading data to identify potential market conduct issues. Since implementation in 2010, Compass has been used to analyse hundreds of thousands of trades executed globally.
Compass has enabled Man to interrogate trading data efficiently and intelligently with the benefit of identifying behaviour that is unusual in the context of an individual’s trading pattern. This has also resulted in a targeted and specific compliance workflow which provides a platform for meaningful, positive and better informed interaction, reinforcement of positive cultural behaviours, transparency and partnership.
Man’s FRM is also working with Sybenetix to use its Edge performance management system to improve the evaluation of fund performance, using analytics that demonstrate how skill is being used to deliver performance. FRM is building on the use of Edge by GLG, which has been using Edge’s behavioural analytics since 2010 to systematically improve investment success rates, capital allocation, stock selection and timing.