Beauchamp Financial Technology (BFT) is making CSFB’s Advanced Execution Services (AES) available to its clients via the forthcoming TradeManager FIX-connectivity module for FundManager, Beauchamp’s flagship hedge fund portfolio management system.
Users will be able to access CSFB’s global electronic trading services including Direct market Access and the algorithmic trading product (AES) via TradeManager, and trades executed in this way will be booked direct into the Beauchamp portfolio database.
CSFB’s Advanced Execution Services (AES) aim to allow CSFB’s clients to work equity orders completely anonymously. The algorithms are designed to respond dynamically to changes in market conditions, constantly assessing liquidity, volatility and market impact and adjusting the optimal execution schedule.
“Hedge fund managers are extremely sensitive to capturing alpha, which is why the execution capabilities and anonymity provided by AES are ideally suited to investors like these who want to reduce price impact,” Richard Balarkas, Managing Director and Global Head of AES sales at CSFB said. “BFT is well-established and highly regarded in the hedge fund community and we are extremely excited that our mutual clients will be able to access AES through the BFT product range.”
Clare Flynn, Beauchamp’s President, says she is looking forward to providing Beauchamp’s clients with “a new competitive advantage: our next-generation trading blotter, complete with electronic trading with traditional brokers as well as those offering direct market access (DMA) and algorithmic services, such as CSFB. Using a single point of order entry, the user will be able to execute, track and report both electronic and telephone trades in high volume, and then automatically report their trades and reconcile their holdings with their prime brokers and administrators. Electronic trading is bringing the hedge fund industry that much closer to full Straight Through Processing, maximizing operational efficiency and maximizing investment returns.”