2008 October 28 « TECHburgher :: Putting some sizzle in the Pittsburgh technology sector.

Archive for October 28th, 2008

LANXESS Sybron Chemicals, Inc. to Attend 2008 International Water Conference

LANXESS Corporation’s wholly-owned subsidiary, LANXESS Sybron Chemicals, Inc., will exhibit its line of ion exchange resins for use in industrial water applications at this year’s International Water Conference held this week in San Antonio, Texas.

The company will showcase its line of LEWATIT® and IONAC® branded ion exchange resins that have been tested and proven in a host of applications, including condensate polishing, ultra pure water, high solids softening, industrial demineralization and specialty water. Within the LEWATIT® product line is the LEWATIT® MonoPlus uniform-particle-size ion exchange resin. The monodispersed beads of this ion exchange resin have extremely high chemical and osmotic stability and very low fines content, resulting in low pressure losses when compared to standard resins.

In addition to its high-quality product offerings, LANXESS Sybron will also highlight its corresponding range of service capabilities, including ion exchange resin analysis, product selection for various applications, LEWATIT® Packed Bed Technology, field troubleshooting and its exceptional team of customer service experts.

Confluence’s Post-Trade Compliance Solution Deployed at Principal

Published October 28, 2008 News , PTC Member Leave a Comment
Tags: Confluence, financial management, Inc., Pittsburgh, Principal Financial, Technology

Here’s some news from Council member company Confluence:

Confluence, the global investment management industry’s leading provider of automated data management solutions, announced recently that the Principal Financial Group® has deployed the Confluence Unity™ Post-Trade Compliance solution, which has enabled the company to further demonstrate their commitment to rigorous compliance, while avoiding a 14-fold increase in costs.

Unity Post-Trade Compliance automates the process of testing investment managers’ portfolios for compliance with regulatory and investment limit restrictions.

Prior to implementing this solution, The Principal®, which manages 112 funds with 614 share classes, was completing testing on a manual basis, using multiple spreadsheets and time-consuming data checks. To achieve the level of compliance they desired, they needed to increase the monitoring frequency for several tests. As a result, they discovered that manual systems would no longer meet their needs. They wanted the flexibility to do multiple tests each day, refresh data more often, and to add funds or comply with new rules without expanding their employee base. And they needed to achieve that flexibility without dramatically increasing payroll costs.

Checkout a full case study on the Principal Financial Group’s Unity Post-Trade Compliance deployment.