Regulatory Hosts

Maximum flexibility

Maximum flexibility for hosted managers in terms of counterparty choice, while effortlessly maintaining oversight over execution counterparties and ongoing transactions.

Cost effective

Cost effective especially for smaller managers, helping them retain more fees and enjoy greater longevity of their businesses

Unified reporting

Unified reporting of trading activity regardless of combinations of executing counterparties and PB/Custodian used

Integrated reporting

Integrated reporting fulfils regulatory obligations of the host, automating the bulk of the process and reducing the required effort to a proportionately lighter exceptions-only workload.

Offer your hosted fund managers more, without compromising on oversight

The regulatory hosting business is a scale game, but with scale comes complexity. Some managers want to trade with this counterparty, others want another one, and there are those who have very specific mandates with very specific needs – a specialist broker here, another there. With that many counterparties, the regulatory obligation of a hosting firm becomes ever more onerous. With Prometheus, set up via a master license to the principal host firm, monitoring and managing counterparties for a plethora of sub-accounts, one for each hosted manager, becomes a straightforward matter. Control which counterparties are enabled, monitor trades as they are put on and executed in real time and, where necessary, intervene.

No long-term contracts = improved business longevity

We operate on 1 month rolling contracts for all of our products, confident that we don’t need to lock you in with a contract to make users stay. More importantly, without long-term contracts, you can add or remove accounts without shouldering long-term contract obligations which need to be provisioned for, easily adjusting for the needs of your hosted funds with virtually no friction. Costs are the single biggest threat to an emerging manager’s business, especially long-term contract obligations that turn into a capital drain resulting from wind-down provisioning and harms management. Lower costs to managers therefore help extend their runway, improving their longevity – and the revenues to the hosting firm.

One-stop shop for trading and settlement data

Prometheus is more than just an EMS. Integrated settlement instruction file generation allows trades to be batched through the day and sent for settlement at regular intervals over the trading day, ensuring that exceptions are spotted early, giving managers time to rectify them. Additionally, by aggregating all trading (FIX messages) and settlement (settlement instruction file) instructions into a single platform, regulatory hosts can review and audit any trade executed through Prometheus in an instant. Your managers may have a multitude of trading and settlement counterparties. As the principal firm, you only need one.

Integrated automatic MiFIR reporting and submission

Following an initial set up upon onboarding, our reporting offering, Artemis, is able to take execution input directly from the FIX messaging line, and generate accurate, precise and timely MiFIR trade reports. Artemis also support automatic upload of files to LSEG UnaVista via FTP, removing the risk of late reports, and reducing the operational workload on the regulatory host to simply dealing with exceptions. Artemis also supports manual importing of trades instructed outside of Prometheus, and can include these trades into trade files following basic validation to ensure the transaction gets processed by the relevant regulator. The combination of Prometheus and Artemis allows a regulatory host to take on more clients and play at the scale game, without a proportionate increase in risk-taking or operational complexity, nor a compromise in regulatory compliance standards.