At this time of great changes in financial services, are you concerned that your corporate standard of IT security and support can be maintained in the light of smaller budgets and greater competition?

At Excellimore, we address the fundamentals:

  • We will liaise with your newsfeed, pricing, trading and reconciliation partners to ensure that you have the correct IT infrastructure in place to support your business.
  • We will maximise the IT contribution to your Business Contingency Plan for achieving FCA compliance.
  • We will ensure that your business resilience requirements are met at a practical level and are correctly documented for ease of use when required.

Achieving compliance

One of our customers set up an FCA-regulated firm to manage an offshore investment fund.

Excellimore provided budget costs for the firm’s business plan and reviewed a number of potential premises with a view to achieving the necessary data connectivity and physical security at the required cost level. Options for cloud-hosting of critical services were assessed by our team and the decision taken to keep the trading platform on-premise in a virtualised environment based on hardware costs and ease of disaster recovery.

The next step was to manage the implementation phase on behalf of our client.

Redundant connectivity was arranged for the chosen premises, installed and tested to ensure continuity of VPN connections to the firm’s broking services. The trading platform was installed to virtual servers and connectivity enabled to partner organisations. News and pricing services were then enabled for the appropriate client staff. The required test trades were placed and Excellimore liaised with all parties to deliver a comprehensive tested, documented, and FCA-compliant IT infrastructure in time for the successful launch of the client’s fund.

If you are looking to achieve FCA compliance with pragmatic and effective use of your IT resources, we’d be delighted to share our thoughts with you.