GlobeOp Financial Services, the hedge fund administrator founded by former LTCM partner Hans Hufschmid, will use RadianzNet to connect customers to middle- and back-office hedge fund administration platform.
“GlobeOp is an aggressive, evolving company – and we need a network provider that is in a position to support our future growth,” says Thomas Deegan, head of Technology and a founding partner of GlobeOp. “Radianz has a solid track record both from a financial and operational standpoint. We will benefit from being able to quickly leverage Radianz’s existing connectivity in financial markets worldwide for network links to institutions that want to use our service.”
For Radianz, the contract will enable it to offer financial professionals with access to another key application in the straight-through processing (STP) chain for electronic trading.
“With just one resilient network connection to RadianzNet, Radianz can provide financial professionals with secure access to a variety of online applications that provide the data, analysis, execution, clearing, and settlement tools needed across the entire trading process,” says Chris Church, executive vice president and head of Global Marketing and Sales for Radianz. “This capability and our focus on serving institutions enable us to be the provider of choice when it comes to networking for the global financial industry.”