GlobeOp Financial Services, a provider of fund administration and related support services for hedge funds, fund of funds, and high net worth family wealth offices, signed a multi-year contract to implement Reuters Trade Access to service GlobeOp’s hedge fund clients.
Reuters Trade Access is a cross-asset, on-line portfolio valuation and interactive real-time position-keeping system. Reuters Trade Access will allow hedge fund traders to create portfolios, upload positions and allocate their transactions. Hedge fund managers will be able to analyze aggregated positions, evaluate sensitivities and monitor P/L. Further, Reuters Trade Access complements Reuters full range of services for hedge funds such as research, technical analysis, liquidity discovery and trading tools.
With the agreement, GlobeOp will be able to offer Reuters Trade Access to all new and existing hedge fund clients.
Hans Hufschmid, Chairman and Chief Executive Officer of GlobeOp, said: “We are pleased to be able to offer Reuters Trade Access to our hedge fund clients. As a browser-based solution, it provides remote users with the specific functionality they need for pricing and inputting trades, monitoring positions and calculating deal financials. Reuters Trade Access will help our hedge fund clients meet their need for relevant, real-time information in a cost effective and flexible way.”