By Matt Abar on
3/5/2009 2:30 PM
We've run into some feature creep with the beta and we're running late. Feedback from the beta sites prompted us to add additional features. Our goal is for clients to start running the FinFolio beta in parallel with their current systems which is a necessary step for any new software but doubly so for a portfolio management system, due to the numerous transaction interfaces with custodians, legacy software, and complementary systems.
Importing transaction data from custodians or legacy PMS systems is very tricky. If there *is* a specification for a particular interface, important details are usually missing. Information is often contained in comment fields or in undocumented alternate transaction codes. The sample data we work with rarely has anything but the most common transaction types, so we don't know how a custodian handles corporate actions, reversals, option expirations, or other uncommon situations until we see it come down in the live data.
Read More »