Custom House Global Fund Services Ltd. has launched phase two of the CHARIOT Web Dealing platform, which it says breaks new ground in hedge fund administration practices.
Developed in partnership with Comada, the financial technology provider, the CHARIOT Web Dealing Platform allows qualified investors to deal online into funds administered by Custom House. The facility is designed to increase efficiency in the subscription and/or redemption process, saving time and reducing the risk of trading error.
One year on from the introduction of phase one of the CHARIOT Dealing Platform, we are delighted to launch phase two, says Dermot Butler, Chairman of Custom House. Whereas phase one was in itself a leading edge product, phase two is a quantum leap in complex technology enabling as it allows seamless dealing in equalized funds.
Rupert Vaughan Williams, co-founder of Comada, adds: “This represents a new standard for hedge fund investing. This success stems from the commitment of both groups to totally integrate our M.A.T.ware transaction technology to enable seamless Web dealing on the CHARIOT platform.”
Phase one of the CHARIOT Dealing Platform was introduced in April 2010.
(CG)