International Private Banking Systems (IPBS), a provider of wealth management software for the private banking sector, announced RBC Capital Markets’ Alternative Assets Group in New York has gone live with its new IPBS/Trade Desk module, IPBS Trade Desk.
IPBS/Trade Desk is built on the Microsoft .NET platform, and the Alternative Assets Group installed the IPBS/Funds module in 2003 for its Fund of Funds – Hedge Funds business.
IPBS/Trade Desk automates the processing of client subscription or redemption orders that may now be electronically imported and processed in a matter of seconds. Throughout this automated process, which culminates in completion of the investment with the respective Fund Manager, the opportunity exists to identify items that don’t conform to a particular fund’s investment rules.
Bruce Raine, Founder and Managing Director of IPBS says, “We are very pleased that the IPBS/Trade Desk solution at RBC Capital Markets has delivered immediate improvements in efficiency. More importantly, we know that the system has the flexibility to grow with their business, and in that sense delivers extra value for money in our view. As the Alternative Assets Group is involved in hedge fund investments, it is worth mentioning that the flexibility of the IPBS/Trade Desk makes it an equally good fit for bond or equities traders, and as it’s based on .NET technology, it’s also very affordable.”