Launching on a foundation for success
For its initial launch, Amundsen sought a robust, scalable platform capable of handling the intricacies of global equity markets. Their system needed to support core trading activities across all global markets while allowing for future growth with a lean workforce.
Selecting Enfusion for our launch was one of the key decisions that allowed us to grow.”
The founders of Amundsen came from the Norwegian Sovereign Wealth Fund, where they previously managed global equity portfolios with thousands of issuers. This background instilled them with strong expectations for operational efficiency.
Key requirements included:
- Seamless broker connectivity
- Automated trade processing
- Compliance with multi-jurisdictional regulations
Enfusion enables us to operate like a much larger firm while maintaining the agility of a smaller one. It’s been instrumental in our growth and success.”
From day one to everyday efficiency
Enfusion’s integrated approach to order and portfolio management, compliance, and risk analysis gave Amundsen an immediate and sustained impact. The firm smoothly initiated trading activities across various markets and transaction types, from standard equity trades to more complex scenarios like IPOs and capital raises, which require adaptability to new markets and differing settlement procedures.
Moreover, comprehensive functionality such as General Ledger capabilities, manual trade export, and seamless allocation to multiple accounts have allowed Amundsen to manage operations independently. This self-sufficiency has proved crucial as Amundsen expanded its strategies and investor base.
“The ability to manage our operations internally without constant external assistance has been essential. We have the independence we value, streamlining our processes and improving our response time,” says Sivanayagam. “We connect seamlessly from our different offices, ensuring frictionless access to our tools, reporting, and data. This is crucial for our team members in Paris and Oslo, as it enables consistent and reliable operations regardless of where we are.”
The impact of FIX connectivity
Enfusion’s broad FIX connectivity has been pivotal for Amundsen. Direct links to multiple brokers facilitate seamless trade execution, real-time data exchange, and automated trade booking.
Enfusion’s FIX connectivity allows us to send instructions directly from our system to the brokers, which then handle the bookings and allocations automatically. This significantly cuts down on manual processing and enhances our trading speed and safety.”
Streamlined compliance
For firms like Amundsen, regulatory compliance can be costly, given their global footprint and strategies. Enfusion automates many compliance-related tasks, offers customizable reporting tools that adapt across multiple regulatory environments, and provides the required data to generate those regulatory reports.
With Enfusion, we can tailor our reporting processes to meet specific regulatory requirements, which is vital for our operations across different markets.”
Regulatory flexibility has also helped Amundsen address recent changes, including this year’s move to T+1 settlement rules in North America and the transaction reporting requirements of the EMIR refit in the EU.
Finally, Enfusion supports Amundsen’s internal compliance with robust pre- and post-trade compliance functionality, ensuring that trades align with the firm's restriction lists based on industry, jurisdiction, and sustainability principles.
A platform for operational control
Beyond operational efficiency, Enfusion’s comprehensive SaaS platform also helps Amundsen control operational costs by managing headcount. Automating processes that would typically require additional staff keeps operations lean and efficient.
Enfusion’s platform stands out for its simplicity, accuracy, and powerful capabilities. It has been integral to our operations, enhancing our efficiency and competitiveness by automating processes and supporting our strategic initiatives.”
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