Financial Tradeware, a provider of Portfolio and Fund Management Straight Through Processing (STP) applications, has formed a partnership with New York-based Computer Intelligence Group Inc. (CIG) to take their full range of applications to the North American and Caribbean regions.
CIG, an IT consulting and services company, will market, install and support the full range of applications. Financial Tradeware says that the applications deliver STP, real-time trading, back office administration, accounting and compliance services.
“The explosive growth in the hedge fund market particularly in the USA, has led to a large number of smaller companies who need a cost effective solution to their global connectivity requirements,” says Graham Bright, the Managing Director of Financial Tradeware. “This is our core market where we have a strong base of knowledge. We wanted to work with a partner who understands the local markets and their accounting structures, such as Sarbanes-Oxley. Therefore our solutions can provide the necessary STP and automation with the full front to back office audit capabilities required to meet local legislation.”
“CIG is experienced in providing customised and cost efficient solutions covering all aspects of the trading environment,” adds Joe Feldman, the Executive Vice President of CIG. “There was a close business and technical fit between CIG and the range of proven Financial Tradeware applications. We know that there is a clear need and demand for these solutions in the markets that we are operating in.”