WARNING : InvestGlass SA is not legal advisor. The following content does not represent a legal advice. We recommend that you consult your own legal counsel to understand and comply your firm with regulations. InvestGlass is not an investment advisor, broker or dealer and therefore does not participate in the offer, sale or distribution of securities, nor does it provide any investment advice. InvestGlass can not guarantee suitability and appropriateness.
You can check pre trade and pre advice from InvestGlass flags. InvestGlass presents three types of messages :
✔️ No warning
Pre advice - Flags and definition
Company - Compliance List > 🚫 A security is not included into the list and should not be distributed.
Company - Strategy or Model Portfolio > ⚠️ Weights are not respecting the limit of the strategy or model portfolio. Please not that each portfolio has his own drift tolerance level. When you use rebalancing tools from Model portfolio you will find suitability flags in the CSV file you export.
CRM - Customer's KYC > ⚠️ Weights are not respecting the limit of the client tolerance or mandate. Please not that each client has his own drift tolerance level.
CRM & CMS - Hyper target with relevancy > ✔️ If tag is similar between a security and a client tag. If Client tag is marked as "excluded" High Yield and a Security is tagged as high yield then you will find a warning ⚠️ sign. This tool is very helpful if you have limited access to data feed but you wish to apply a more specific limit.
In the CRM you will find for each individual the following tags :
Maximum Daily Volatility
Maximum Daily Value at Risk
non ISIN security Authorized
Preferred Stop Loss
Preferred Take Profit
Minimum Securities per Portfolio
Maximum Security Allocation
Maximum Issuer Concentration
Maximum Product Participation
Preferred Yearly Volatility
Minimum Bond Rating
Preferred Strategy - Industries
Preferred Strategy - Asset Classes
Preferred Strategy - Currencies
Preferred Strategy - Countries
Must Hold Securities
Excluded Investment Products
MIFID Opt-Out Explanation
LSFIN / KAG-CH Opt-Out
LSFIN / KAG-CH Opt-Out
LSFIN / KAG-CH Opt-Out Explanation
Please note that these tags can be applied to a PORTFOLIO too - this is InvestGlass - Asset management view. Please contact us to activate this view.
InvestGlass also has a Large Transaction Warning Thresholds which will warn compliance officer when amounts are about the limit you will setup. This function can be found in (Go to My Account / Go to Company / Go to Setup)
Pre Trade Rules
Pre trade rules can be set to warn relationship managers or users to prevent trade transmission. Rules are setup with InvestGlass team support.
The order giver is listed as an authorized person.
Product or Security Type
This condition will be met if an order uses the specified product (asset class) or security type.
Max size Order
Trading limits by order giver/by asset class/by currency.
Is the counterparty chosen to execute the order authorized by the fund.
No Negative Cash, Concentration of Symbol, Concentration of Product or Security
Custom Trading Hours
This condition will be met if an order is submitted within the specified time range. The associated time in force specifies how long the rule will remain active
This condition will be met if a pre-arranged crossing order is submitted.
Orders by Side
This condition will be met if an order using the specified order side (Buy, Sell, Sell Short or All) is submitted.
Days to Expiration
This condition will be met if the number of days to expiration for the contract meets the specified "relation" criteria, e.g. if criteria states number of days to expiration is less than 5, and the contract expires in 4 days, trade will be rejected.
KYC Check Suitability
Buy / Compliance List / Not to hold / Not to sell Authorised Country
Authorised Currency Authorised Industry Authorised Market Place LEI / ISIN