Flexible. Scalable. Cost-effective.
At Messer, we provide state-of-the-art order management, portfolio management, and reconciliation systems that streamline workflow and understand localised risks such as restricted currencies, ID markets and QFII for investing and operation professionals from the buy-side, such as hedge funds, asset managers, family offices and private equity firms.
We do this to create a work paradigm where workers spend 90% of their time making and executing decisions and only 10% time automating the rest, at 0% of the risks
Reconciliation
Reconciliation with Reason
Do you really need a software that just tells you two numbers don’t match? We do better.
We provide state-of-the-art reconciliation solutions to hedge funds, asset managers and family offices that doesn’t just tell you what went wrong, but why it went wrong.
See it in action …
How are we better?
- Insight over Information: We can be used as an extensive management information system by providing trends in the number of breaks, average age of breaks, break categorisation and time for data to be delivered, etc, which can be used to advise business decisions.
- No Break is Forgotten: Our unique activity reconciliation pools every unreconciled break until it is matched e.g. a trade may not be matched due to delayed booking on T, but it can be matched on T+1 or whenever the respective data is received.
- Decisions over Rules: While we designed our system to minimise manual intervention, we do understand that it is sometimes preferred e.g. we allow user force matching when there are no matching rules set up to allow matching for a break.
- Data Quality Control: We check that your data is consistent and valid e.g. cash activity by currency for a period equals change in currency balances.
- Well-structured Workflow: Users can be split into different levels, where the higher level will get notified to start their approval process when the last level finishes their sign-offs. These levels can be defined by the client.
Of course we also have…
- Flexible Data Ingestion: Choose from SFTP files (push or pull), manual file upload or our API, which allows automatic transfers from your system to ours – no stress!
- Highly Configurable Rules and Data Transformations: Source data can be normalised on the fly using layered transformations. Our matching rules feature powerful expressions and operators but are simple to write.
- Work Assignment: Breaks can be assigned to specific team members to work on amd or them to comment.
- 3rd Party Integration: We integrate with data from FIX VCON, EMSX MarkitSERV, 3rd party files trades, positions, accounting entries, market data providers, etc.
- Browser-based: Accessible anywhere.
Data Warehousing
“All” Versions of the Truth in One Place
Our data warehouse model creates and stores a version history for each of your actions. So even if you are deleting something, you always have the complete story. Our data warehouse also integrates reputable 3rd parties such as market data providers, prime brokers and fund administrators with your own data from our OMS/PMS, so all modules of Messer software can communicate seamlessly in one place.
How are we better?
- The Complete Story: Every version of every record is stored. Everything is there, and everything is in one place.
- Flexible, Rich Data at Low Cost: Our use of schema-less data model removes data truncation and allows both structured and unstructured data to be processed. With NoSQL, you can model data in its natural form, which greatly increases scalability and flexibility. Staff can get on with retrieving and analysing data without spending hours creating their own data-universe.
- Futureproof: As we have a schema-less data model, we can easily adapt to potentially different data formats or requirements in the future.
Of course we also have…
- 3rd Party Integration: We integrate with data from FIX, VCON, EMSX, MarkitSERV, 3rd party files trades, positions, accounting entries, market data providers, post trade processing, valuation and risk systems, fund administrators, prime brokers and counterparties.
- Reporting: Access to rich web-based dashboards, interactive time series reporting and self service business intelligence through familiar interfaces, such as a web browser or Excel.
- Browser-based: Accessible anywhere.
Order Management
Trade what you want, where you want, safely
With Messer’s browser-based OMS, you can trade almost anything anywhere.
We manage the entire pre-trade process with built-in position and compliance checks, complete with FIX connectivity to your execution management system. Whether you trade directly through us or using your own EMS, we keep you safe.
How are we better?
- Comprehensive Asset Support: We can help you trade even tier 3 assets, be it racing horse, wine collection, art work, or cryptocurrency. Utilising our schema-less data model, there is not much we can’t trade.
- Order-level CSA calculations: We are smart enough to determine whether each trade is applicable under Commission Sharing Agreement.
- Smart Suggestion: Tell us what you want, we can tell you how to get there e.g. for equity funds, if you want to keep current weights in balance, we can tell you how many shares to buy.
- Automated workflows: Our powerful customisable allocation logic enables a high percentage of straight-through processing.
Of course we also have…
- Order Routing, Staging or Dropcopy Workflows: Whether you trade on our system, on a different EMS or initiate the order elsewhere, we can still help with booking, allocation or pre-trade compliance, etc.
- Flexible Data Ingestion: Choose from SFTP files (push or pull), manual file upload or our API, which allows automatic transfers from your system to ours – no stress!
- Restricted Lists: We make sure you don’t trade anything you are not supposed to.
- Pre-trade Compliance Checks: We ensure orders are within client-designated risk limits; do not exceed beneficial ownership thresholds; and pass fat-finger checks. User defined rules, full audit and control via dashboard, alerts and reports available.
- 3rd Party Integration: We integrate with data from FIX VCON, EMSX MarkitSERV, 3rd party files trades, positions, accounting entries, market data providers, etc
- Pre-populated Security Master: Our security master covers the listed universe.
- Browser-based: Accessible anywhere.
Portfolio Management
Clear vision executed correctly
With our real-time P&L and NAV calculations on a browser-based system, you can see clearly where you are right this moment, wherever you are.
Our smart suggestions can help you in decision-making by suggesting a more economically optimal option when we see it. We can reflect whatever corporate action you decide to take. Our PMS also seamlessly integrates with our state-of-the-art reconciliation module, so we will handle the rest.
How are we better?
- Customised Allocation Rules: We can tailor allocation rules to match clients’ complex scenarios such as unwind methodology
- Comprehensive Asset Support: We can help manage not just Tier 1 and 2, but also Tier 3 assets. We’ve booked a race horse, wine collections, art work and cryptocurrency. Utilising our schema-less data model, there is not much we can’t manage.
- Unprecedented Transparency: Drill down from positions into trades and open lots, disaggregate and explore accruals and resets
- Smart Suggestion: We don’t just execute, we strategise as well e.g. we always suggest the most economically optimal unwind.
Of course we also have…
- Seamless Integration with Reconciliation Module: Recon status on a trade or cash line level is available throughout the PMS.
- Corporate Action Handling: Be it dividends, mergers, or stock splits, tell us the event and we handle the rest.
- Commission and Fees Engine: We can calculate trade commissions and fees based on client-specific fee schedules.
- Customisable Lifecycle Handling: From opening a position, through fixing, resets, coupons, exercise, expiry and unwinds, our workflows match the real world lifecycle on the position.
- Real-time Profit and Loss / NAV: You can see tick-by-tick data, drill down individual lots, associated cash flows, and to see intraday performance vs. previous days; sort, pivot, and group by any metric.
- Flexible Reporting: Quickly access up-to-date performance metrics such as SD, Skewness, Kurtosis, Alpha, Beta, Sharpe and Sortino ratios. Compare performance to any benchmark or index.
- Flexible Data Ingestion: Choose from SFTP files (push or pull), manual file upload or our API, which allows automatic transfers from your system to ours – no stress!
- 3rd Party Integration: We integrate with data from FIX VCON, EMSX MarkitSERV, 3rd party files trades, positions, accounting entries, market data providers, valuation and risk systems, prime brokers, custodians and administrators.
- Browser-based: Accessible anywhere.
Our Values
Technological Advantage
Our solutions have been developed using the latest technologies and architected to be highly scalable, cost effective and quick to deploy either locally or in the cloud.
HTML 5 based
No client software required
Datastore
Truly customizable data model
We are the first vendor in this space to break from traditional relational database models and employ a NoSQL document database
Languages
.Net based framework, embedded Python for configuration
We have extracted the common baseline workflows of funds and extended this through configuration and hooks from our framework into Python
Rest API
Power to extend
Our REST API makes it easy to access our functions and services and to integrate into other technology environments
Cloud based deployment
Features:
- Client has own server restricted access via IP over SSL
- Scalable – elastic solution grows with resource requirements
- Cost effective – no up-front capital infrastructure costs, reduced IT labour costs
- Constant monitoring of system and infrastructure
Office Locations
London
Suite 5.07,
31-35 Kirby Street,
London EC1N 8TE
Hong Kong
Suite 1101 11/F Wilson House,
19-27 Wyndham Street,
Central, Hong Kong
Bryan Messer started Messer because he saw the mismatch between the amount of investment made by financial professionals into technologies in the market and the amount of investment still required for their own technology. Expensive systems are often augmented by spreadsheets and do not take into account local regulatory and operational risks outside of the US. In 2013, as a CTO of a large hedge fund in Hong Kong, Bryan identified this pain point and set out to help investment professionals invest proportionately in their own technology not by increasing spend, but by increasing quality and flexibility.