Paladyne Systems, which provides investment management solutions, has upgraded its Paladyne Portfolio Master order management and portfolio management solution.
Version 8.0 adds advanced front-, middle- and back-office functionality for hedge funds and asset managers. More than 200 hedge funds and asset managers use the solution, which encompasses order management, portfolio management, reference data management, data warehouse reporting and reconciliation, Paladyne says.
New features include Borrow Fee Manager, which automates and calculate post-trade borrow costs; UCITS compliance; new modeling and valuation tools; and integration with Omgeo CTM, for electronic matching or orders and confirmation of allocations. It has also expanded integration with popular algos, added connectivity to an additional 200 global brokers and integrated new third-party market data.
Our commitment to continual innovation of our technology and products to meet the rapidly evolving needs of our clients is reflected in the release of Paladyne Portfolio Master 8.0, says Sameer Shalaby, president of Paladyne Systems. Hedge funds and asset managers require sophisticated and proven institutional-grade solutions. Building on our already comprehensive suite of services, these new features will help managers measure true profitability, create a seamless straight-through workflow, minimize middle- and back-office costs, and meet new regulatory and reporting requirements, all within a single integrated, hosted solution.
(CG)