Managed Connectivity & Managed Integrations

When we say “Managed”, we mean connectivity entirely handled by Limina as part of our Investment Management Platform. We set up the original connection and monitor it in production daily for you. We take care of any changes you might need to the integration.

This type of integration is very beneficial for you when multiple clients use the same connection in their environment. The cost is low compared to bespoke connections, and since many clients use them, they are inherently highly stable.

When is Managed Connectivity the Right Choice?

The primary objective of every integration is to leverage the investment portfolio management system to lower operational risk. Managed connectivity serves to diminish operational risk by transferring responsibility to the vendor. This approach is particularly advantageous for integrations shared by multiple clients, making them highly cost-effective for your organisation. Two scenarios where managed connectivity proves to be an excellent choice include:

1. OMS Integrations: FIX Trading Connections

Limina offers trading connections as managed connections directly from Limina’s Trade Order Management System (OMS). We work with counterparties to certify connections and ensure all supported trading cases work as expected. Examples of trading connections for routing orders include:

Execution Management Systems (EMS)
Outsourced trading providers
Direct broker connectivity

Trade executions are typically communicated over the Financial Information eXchange (FIX) protocol when possible. Asset classes supported go beyond equity trading, covering fixed income, foreign exchange (FIX) and derivatives as well.

2. Market Data Connections

Limina has out-of-the-box connectivity to market data vendors, through which you can configure which data you want to download into your environment. Examples of data include:

Terms & Conditions of instruments, e.g. day-count conventions and settlement offset
Classifications on securities, e.g. voting rights, credit ratings and ESG data
Snapshot quotes and analytics, e.g. prices, greeks, yield and duration
Corporate actions and other instrument events, e.g. dividends or calls

You decide which market data subscription you want, and we connect to your source(s) of choice – such as Bloomberg - for snapshot and streaming market data.

Alternatives to Managed Connectivity?

There are six approaches to asset management system integration. In summary, they include:

Direct database access
Vendor-managed connectivity (what this section is about)
Custom file integrations
APIs, e.g. REST or WebSockets
Generic ETL-tool
Purpose-built data import & export engine (domain-aware ETL tool)

Limina offers 2, 3, 4 and 6 – compared to most vendors who provide 2 and 3 (and sometimes 1 and 4). Read more by clicking the links above or reach out to us, and we’ll be more than happy to discuss the approach we take to connectivity and why we believe it’s the best approach for you.

Any integration with Limina aims to lower operational risk and make your team more efficient!

Principles

We started our mission in 2014 with a blank canvas and a set of principles that we believe are critical for how an Investment Management System (IMS) should be built and delivered:

OPEN

We believe an IMS should enable change by connecting to any 3rd party system or service provider. If you want to launch new funds or change your operating model, an open IMS should make that faster and more cost-efficient.

EXCEPTION-BASED

Trusting the data in the system is essential for Front Office decisions and governance in operational processes. Your team shouldn’t have to spend valuable time tracking down potential issues; the system should find and flag them automatically.

SUPPORTED BY PEERS

We believe the best customer support for Asset Managers comes when the team you work with have experience in Investment Management. Dedicated team members from the industry learn your business and can assist you most effectively.

HOLISTIC & CROSS-ASSET

An IMS should be cross-asset and cover workflows from start to finish without jumping between systems. This increases productivity, allows superior oversight, and enables operational controls.