Luxembourg Asset Manager BMI Taps Linedata's Front Office Platform
The solution will help BMI to comply with AIFMD and UCITS rules.

BMI's CEO, Alexandre Dumont, says that as the firm's assets under management have grown in recent years, and as a result BMI decided to ditch it's legacy system, which was built in-house, and go with a third-party solution as rules stemming from AIFMD and UCITS have strained operational efficiencies.
BMI hopes to employ Linedata's front office solution to help it with compliance, reconciliation, liquidity monitoring, risk management and valuation controls in an effort to streamline operations from the front through to the back office.
"We manage a large variety of in-house funds and third-party funds, both under UCITS and AIFM Directive, and investments ranging from purely financial vehicles to real-estate investments, and deposited with various custodian banks," said Alain Bastin, BMI's conducting officer and chief risk officer, in a statement. "This requires a strong portfolio management system that can manage multiple investment strategies and ensure in real time that our investments are in line with investment policy and restrictions. With the need to implement a robust and integrated solution, it was key to choose a provider that offers a true partnership and offers value-added services. Linedata delivers the solutions and services to support our growth for the long term."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Jump Trading CIO: 24/7 trading ‘inevitable’
Execs from Jump, JP Morgan, Goldman Sachs, and the DTCC say round-the-clock trading—whether five or seven days a week—is the future, but tech and data hurdles still exist.
Pisces season: Platform providers feed UK plan for private stock market
Several companies in the US and the UK are considering participating in a UK program to build a private stock market composed of separate trading platforms.
How to navigate regional nuances that complicate T+1 in Europe
European and UK firms face unique challenges in moving to T+1 settlement, writes Broadridge’s Carl Bennett, and they will need to follow a series of steps to ensure successful adoption by 2027.
Nasdaq leads push to reform options regulatory fee
A proposed rule change would pare costs for traders, raise them for banks, and defund smaller venues.
The CAT declawed as Citadel’s case reaches end game
The SEC reduced the CAT’s capacity to collect information on investors, in a move that will have knock-on effects for its ongoing funding model case with Citadel.
Waters Wavelength Ep. 305: Cato Institute's Jennifer Schulp
Jennifer joins to discuss what regulatory priorities might look under Paul Atkin's SEC.
Examining Cboe’s lawsuit appealing SEC’s OEMS rule rejection
The Chicago-based exchange has sued the regulator in the Seventh Circuit Court of Appeals after the agency blocked a proposed rule that would change how Silexx is classified.
European exchange data prices surge, new study shows
The report analyzed market data prices and fee structures from 2017 to 2024 and found that fee schedules have increased exponentially. Several exchanges say the findings are misleading.