NEW YORK—Paladyne Systems LLC will be combining its hedge fund front-to-back office suite with the Reuters DataScope market data product. Reuters is the parent company of Lipper HedgeWorld.

"The partnership with Reuters adds significant value to our customers and brings us closer to providing a complete ASP infrastructure to the hedge fund industry," said Sameer Shalaby, chief executive of Paladyne, in a statement. "By distributing Reuters data as part of our hosted platform, Paladyne clients have immediate access to market data at a lower cost than competitive data providers."

Reuters DataScope adds real-time pricing, terms and conditions and analytical data with Paladyne's order management, portfolio management, portfolio accounting, global security master, analytics tools, reporting and customer relationship management technology.

Editorial@HedgeWorld.com