Quintillion Limited, a hedge fund administration firm, is delighted to confirm Q Acquire – its trade workflow system – has now been fully integrated with Beauchamp FundManager.
Quintillions trade workflow is custom engineered to deliver a process driven application to the administrator trade interface; automatically building any OTC derivative security masters or other static data in the portfolio and accounting system, loading trade information and resolving trade exceptions in a highly efficient manner.
Quintillions integration with Beauchamp is facilitated via a standard format daily trade file containing details of the relevant trade as well as the underlying economics of the OTC position from Beauchamp. On receipt of the trade file, the workflow is scheduled to automatically build any new OTC security masters within Quintillions accounting system before the trade is booked, thus eliminating the need for any manual intervention. At this point, any additional OTC trade economics such as REDID, Doc clause, attachment / detachment points, underlying reference entity ISINs etc from Beauchamp are mapped to Quintillions accounting system in a fully automated fashion. This innovative and unique technology, which uses leading edge complimentary workflow systems, has allowed Quintillion deliver an exception based processing application for highly complex securities within our daily operational environment.
Hedge fund managers want to focus on trading and managing their strategies. Linedatas front to back applications are designed with this in mind. Beauchamps integration with Quintillion enables automation and reduces operational risk, allowing fund managers to focus on their core business. says James Pinnington, commercial manager at Linedata Services Northern Europe.
Quintillions trade interface with Beauchamp, allowing us to send trade files directly from our booking system, gives greater accuracy and efficiency, limiting errors while allowing a smoother trade flow and reconciliation process, says Laura Fuss at Blackfish capital management.
This integration also allows for mapping of internal client investment identifiers as the primary security identifier on any over the counter security. This facilitates greater compatibility in the reconciliation process both back to the Investment Manager and to the Prime Broker(s) in order to complete a daily triangular position reconciliation cycle. The use of a common identifier also facilitates granular profit and loss reconciliations, position reconciliations as well as greater transparency in the cash reconciliation process in terms of mapping high volume upfront / unwind / periodic OTC payments. It can also simplify incoming OTC price feeds from third party vendors, particularly where there are a significant number of open positions.
D.C.