Point Nine, a provider of middle and back office trade processing and operations, has launched a live second generation of its proprietary cloud-based middle and back office servicing technology for hedge funds.
Circle.2 retains many features of the original Circle platform, and provides complete trade life cycle processing, operations management and reporting via a cloud-based system. The technology provides fund managers with real-time live access to trade reconciliation and settlements via the web and will enable them to view key information such as Shadow NaV, P&L, counterparty exposures and key settlement reports in real-time for the first time. Previously this access was delivered periodically throughout the day via reports. That information is now delivered second-by-second via web-based URLs.
Circle.2 integrates with all third party order management systems (OMS) to enable seamless automated STP of most daily tasks.
Pavlos Christoforou, partner of Point Nine in charge of Technology, said: Circle.2 is a unique and ground breaking product for hedge funds, providing live oversight of trade matching, data dissemination to fund administrators and custodians, settlements, corporate actions, daily reconciliation of open positions with counterparties and trade reporting.
(JDC)