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PRESS RELEASE
For Immediate Release
Release Contact:
Peter Chapman
Curo Systems, Inc.
978-369-6200
Peter.Chapman@CuroSystems.com
Alpha Version of ComplyPlus Released
Supporting
Compliance Professionals and Traders with State-Of-The-Art Products
CONCORD, MA - August 28, 2003: Curo Systems announced
today the availability of an alpha version of ComplyPlus: its flagship
Compliance product for the financial services industry.
ComplyPlus is a pre and post-trade real-time compliance management tool that
provides centralized portfolio-level, and enterprise-wide compliance monitoring
across multiple accounting and trade order management systems.
The system provides compliance monitoring for the most stringent regulatory,
firm-wide, client and fund mandates, and investment policy guidelines. In
addition, any corporate structure can be easily defined allowing holdings data
to be aggregated for corporate-wide tests. All currencies and security
types are fully supported. An
extensive pre-defined domestic rule library ships with the product allowing
easy setup. A foreign rule library
with support for over 25 countries is expected in the first quarter 2004 and
will be provided free of charge to existing customers.
Also, included with the product is a workflow module, report library and
compliance trade blotter to manage day-to-day compliance issues.
Peter Chapman, vice president of sales commented, "We spent a lot of time with
clients up-front listening to their needs and what they didn't like about
existing solutions before we allowed the programmers to start development.
We had hundreds of pages of client requirements ranging from pre-built board
reports, to workflow that fund mangers and traders could understand and use
without being a legal expert, to the nitty-gritty investment details such as
supporting multiple holding views, including open trades. We also spent time
with many different fund complexes: from single funds to the largest in the
business. We quickly realized that a viable solution needs to deal with
the disparate resources available to compliance staffs. At the smaller
firms with limited access to extensive financial data feeds or in-house
resources, the software still provides extensive compliance support. And
for larger firms with extensive data libraries available to them, the software
can take advantage of these feeds to augment their compliance rules. This
product is the accumulation of our customer's wants and desires."
Seth Muriph, vice president of
technology says "The software provides what we believe is the highest
performance solution on the market: at over 2000 trade-level rule checks per
second on a single CPU personal computer.
In addition to mutual fund applications, the system can support the most
demanding high transaction brokerage applications with support for multiple
servers. The software was designed
from the ground up to support large transaction volumes, such as compliance
testing for BlueSky, client mandates and suitability.
In addition, support for multiple servers allows us to supply fault
tolerance and high availability."
Current customers will be contacted to arrange installation of the latest
version. Early software releases help insure that our software meets the
needs of our customers. We encourage you to become involved to make
sure we meet your needs. The alpha version is available as a free
download and is installed onsite by our staff, also free of charge.
More detailed information about the ComplyPlus product can be found at the
company's website. The final release of the software is expected by the
end of this year. Pricing for the product has not been set.
About Curo Systems
Curo Systems, Inc is a leading provider of compliance solutions for Investment
Advisers, Investment Companies and Broker-Dealers. Curo Systems provides
solutions that bolster investor trust and confidence by assuring compliance
with rules and regulations imposed by global, federal and state regulatory
bodies. To learn more about Curo Systems please visit
http://www.curosystems.com
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