Paladyne releases Portfolio Master 8.0
New features are expected to help managers measure true profitability, create a seamless straight-through workflow, and minimize middle- and back-office costs.
Banktech India News Network, 2/29/2012 10:44:04 AM
Paladyne Systems has announced the release of Paladyne Portfolio
Master 8.0, the latest version of its combined order management and
portfolio management solution. The solution introduces advanced
front-, middle-, and back-office functionality for hedge funds and
asset managers.
Some of the new functionalities of the Paladyne Portfolio Master
8.0 include:
- Borrow Fee Manager which automates the calculation and tracking
of post-trade borrow costs and allocates these costs directly to
the short positions and related strategies for more accurate profit
and loss reporting.
- UCITS Compliance Module which provides a standard library of
rules for UCITS funds covering all areas including concentrations,
counterparty exposure, acceptable assets, and control thresholds.
The UCITS rules can be applied both on a pre- and post-trade basis
and may run in real-time with up-to-the second positions including
working orders as well as live pricing to help provide maximum
protection against compliance breaches.
- Modeling and OTC Valuation tools which have been expanded to
include additional model libraries, enhanced sensitivity analysis,
and more seamless real-time access to market data (including
curves, volatilities and spreads). It is now easier than ever to
monitor real-time value, exposure and sensitivities across a
complex portfolio.
The vendor has also integrated with Omgeo’s flagship CTM
service for electronic matching of orders and confirmation of
allocations. This integration is part of a broader initiative to
introduce seamless straight-through workflow across a full range of
asset classes in an effort to minimize trade-related errors and
reduce operating costs for clients. Plus, Paladyne has also
expanded its integration with all popular Algos offered by all top
investment banks. In addition, Paladyne has continued to expand its
FIX broker network connectivity by adding over 200 more global
brokers.
According to Sameer Shalaby, President, Paladyne Systems.
”Hedge funds and asset managers require sophisticated and
proven institutional-grade solutions. Building on our already
comprehensive suite of services, these new features will help
managers measure true profitability, create a seamless
straight-through workflow, minimize middle- and back-office costs,
and meet new regulatory and reporting requirements, all within a
single integrated, hosted solution.”
Launched in 2008 as the industry’s first combined OMS and
PMS solution, Paladyne Portfolio Master now supports significant
market share with over 200 hedge fund and asset managers
globally.
Israel’s sixth-largest bank boosts level of information security
Union Bank, the sixth largest bank in Israel, wanted a security information and event management system that could manage events down to the hardware level
Keep yourself updated on latest news and articles from the BFSI segment