Legent Clearing Teams With Fetter Logic to Offer Enhanced Compliance and Reporting...

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Fri Nov 21, 2008 11:59am EST

Legent Clearing Teams With Fetter Logic to Offer Enhanced Compliance and
Reporting Services

OMAHA, Neb., Nov. 21 /PRNewswire/ -- Legent Clearing and Fetter Logic are
announcing a partnership enabling Legent's correspondents to benefit from a
wide range of compliance functionality and management reporting tools. This
initiative lays the foundation for the expansion of Legent's core clearing
platform to include value-added services, applications, and more accessible
tools and technology.
    Utilizing Fetter Logic's unified data warehouse and its Q Suite(TM) of
applications, Legent will offer enhanced report functionality encompassing
operations, finance, trading, and compliance. Fetter Logic's ReportQ(TM)
product empowers business users to directly explore a firm's data through an
intuitive, web-based report designer. Legent correspondents will be able to
utilize available data to create or modify reports to suit their business
needs. Combining Fetter Logic's unparalleled knowledge of data and data
structures with Legent's robust correspondent clearing capabilities, ReportQ
enables firms to efficiently supplement or replace canned reports, greatly
expanding their coverage and usefulness and substantially increasing their
timeliness.
    "Fetter Logic's reputation as in industry leader in this arena is a
natural fit to our strategic goal of continuously expanding  our platform of
products and services  making it easier for our clients to access valuable
information according to their preferences," says Raymond Maratea, Legent's
co-president.  "We see a growing need for firms to have a more comprehensive,
web-based view of their overall business activity and the Fetter Logic Q
Suite(TM) will help us deliver on that."
    About Legent Clearing
    Legent Clearing is a leading independent provider of correspondent
clearing services to broker/dealers nationwide. Since its founding in 2002,
Legent has grown rapidly as a result of its unique combination of
independence, alliances with providers of best-of-breed technology and
investment vehicles and from its ability to offer customized solutions for
each correspondent client. Legent provides access to investment products and
services including equities, mutual funds, foreign securities, fixed income
investments, prime brokerage, options, annuities, DVP/RVP and WRAP accounts
through a variety of online tools and platforms. Legent Clearing, a wholly
owned subsidiary of Legent Group, is headquartered in Omaha, Nebraska.
http://www.legentclearing.com
    About Fetter Logic, Inc.
    Founded in 1997, Fetter Logic, Inc. is the premier provider of advanced
data and information management solutions for the financial services industry,
aggregating and cleansing financial data on all assets.  Fetter Logic
seamlessly turns data into intelligence for the front, middle and back office.
    Fetter Logic's Q Suite(TM) includes multiple applications enabling
compliance, representatives, branch and sales managers, finance and operations
to address and solve critical business issues associated with all assets. The
Q Suite includes: AccountQ; AdvisorQ; ReportQ; ComplianceQ and EarningsQ.
    Serving over 200 retail and institutional broker/dealers (including banks
and clearing firms), the Fetter platform currently services nearly seven
million accounts and $250 billion in assets.    http://www.fetterlogic.com

     Contact                                 Contact
     Raymond Maratea                         Wiley Asher
     Co-President                            Regional Vice President
     111 West Jackson Blvd.                  Phone 303-675-1048
     Suite 1408                              washer@fetterlogic.com
     Chicago, IL  60604                      Jim Battenberg
     Phone (877) 877-0217                    Director, Marketing
     Ray.maratea@legentclearing.com          Phone 303-675-1085
     http:///www.legentclearing.com          jbattenberg@fetterlogic.com

SOURCE  Legent Clearing

Raymond Maratea, Co-President of Legent Clearing, 1-877-877-0217,
Ray.maratea@legentclearing.com; or Wiley Asher, Regional Vice President,
+1-303-675-1048, washer@fetterlogic.com, or Jim Battenberg, Director,
Marketing, +1-303-675-1085, jbattenberg@fetterlogic.com, both of Fetter Logic,
Inc.
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