Financial Tradeware, a provider of portfolio and fund management automation applications to fund managers and hedge fund managers, says European Investments Management Ltd (EIM), a hedge fund based in Nassau, Bahamas, has implemented their H-FUND application and connected to SWIFT via a Member Administered Closed User Group (MA-CUG).
Financial Tradeware says H-FUND is an integrated front, middle and back office trading platform, supporting a wide range of instruments including multi-currency, cross border trading for equities, fixed income and derivatives. The flexibility and component based architecture allows additional instruments to be easily included. The solution automates the pre- and post-trading activities of hedge funds using FIX protocols for real-time trading, calculation of NAV, back office administration with SWIFT connectivity for clearing and settlement, portfolio modelling and direct links to the major data providers, including Bloomberg.
The Financial Tradeware MA-CUG enables EIM to exchange multiple standardised financial messages such as FIN, FIX, and XML with their Financial Counterparties via the SWIFTNet secure IP network. With the SWIFTNet infrastructure and its complementary messaging services, FileAct, InterAct, Browse and FIN, EIM is now able to use a single, secure communications channel to send and receive messages – automatically or manually – to and from the MA-CUG Service Administrator who has direct access to their various correspondents using the SWIFTNet network.
“It is essential for our hedge fund to have a reliable IT platform to support the day to day operations,” says Stefania Bernardini, Head of Operations of European Investments Management. “The Financial Tradeware system comprises a number of front to back office fully integrated components key to our business operations. The value-add is also their recently released MA-CUG which gives us a cost effective access to the SWIFTNet network for secure and guaranteed communication with our counterparties.”