New York, San Francisco, and London, June 16, 2009 – Paladyne Systems, Inc., a leading global solutions provider to the hedge fund industry, today announced the release of Paladyne Portfolio Master™ Version 6.0, a multi-asset class trading, real-time P&L, and portfolio management solution designed specifically for global hedge fund managers. Paladyne Portfolio Master is a unique combination of front-office trading tools and comprehensive middle- and back-office portfolio management functionality, which is available either as a fully hosted solution as part of Paladyne’s ASP platform or as a local installation at a client site. Paladyne Portfolio Master has been implemented by ten (10) new clients in North America and Europe in the second quarter of this year.
Paladyne has added new and enhanced functionality across all areas of Paladyne Portfolio Master in this latest release including order generation and trade modeling, real-time P&L and model-based pricing, pre- and post-trade compliance, real-time market data integration, expanded OTC product coverage, automated global corporate actions processing, and NAV reporting.
“Given recent market conditions, our customers are demanding a single solution for trading and portfolio management that is cost-effective and minimizes their need for complex technology infrastructure,” said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. “We expect the demands on fund administrators for middle- and back-office support to continue to rise in the US, similar to the European operating model. As a result, we anticipate an increased demand in the US for integrated trading and portfolio management systems.”
Some of the released features in Paladyne Portfolio Master include:
Front-Office Support:
- Multi-Asset Class Coverage – Complete support of all global listed security types as well as Fixed Income, FX Forwards, MBS/ABS, Repos, and extended OTC coverage, including: CDS/CDX, CFD’s, and Swaps (TRS, IRS, and Variance).
- Enhanced Order Generation – Flexible tools for order creation, trade modeling, rebalancing, and order routing to brokers, algorithms, and Execution Management Systems.
- Real-time Model-Based Pricing – Integrated model-based pricing tools through Paladyne’s partnership with Numerix™, enable traders to model-price positions in real-time and perform what-if scenarios by manipulating model inputs, yield and credit curves and volatility surfaces.
- Position Explorer – Comprehensive real-time portfolio analysis and P&L viewer with integrated market data, OTC valuation models, and user-level reporting and customization.
- Compliance Manager – Rules-based pre- and post-trade compliance engine with flexible rules-building and real-time alerting and violation reporting.
- Market Data Manager – Seamless integration with leading market data vendors enables clients to join real-time market data fields with portfolio data for valuation, modeling, and risk analysis.
- Pricing Rules Designer – Customizable pricing tool for designing complex real-time pricing rules across listed and OTC security types.
Middle- and Back-Office Support:
- Allocation Manager – Rules-based trade allocation engine for designing complex allocation schemes across funds, strategies, and counterparties.
- Portfolio Tasks Manager – Automated processing of global corporate actions and portfolio events.
- Commission and Fee Builder – Rules-based commission and fee calculation engine.
- Automated Reconciliation Tools – Complete library of transaction and position reconciliation templates with prime brokers, custodians, and fund administrators.
- Custom Report Writer – Powerful reporting tools for dynamic real-time reporting and customized management reporting.
- NAV reporting – Full support for real-time NAV reporting.
Paladyne has recently released version 6.0 of the entire Paladyne Suite including Paladyne Portfolio Master™, Paladyne Security Master™, Paladyne Analytics Master™, and Paladyne Price Master™, all of which are available either as an ASP solution or as a local installation at a client site.
About Paladyne Systems
Paladyne Systems, Inc. (www.paladyne.com), a leading provider of technology and services to the global hedge fund industry, develops and distributes products designed to streamline hedge fund operations while providing business efficiency and cost savings throughout the organization. Paladyne offers a fully-hosted technology platform known as the PALADYNE® suite which is capable of supporting the front- to back-office requirements of today’s most comprehensive hedge funds. The PALADYNE® suite is an integrated set of applications including: trading and order management, portfolio management, portfolio accounting, global security master, data warehousing and custom reporting, pricing and valuation, and automated reconciliation. Paladyne was formed through an acquisition of its technology platform from a large US-based multi-strategy hedge fund.
The PALADYNE suite includes the following modules:
- Paladyne Portfolio Master® – provides electronic trading, order management and allocation, portfolio management, real-time P&L, and strategy-based performance tracking.
- Paladyne Credit Master® – provides loan processing and administration to fully support loan trading, analysis, reporting, and management.
- Paladyne Analytics Master® – provides portfolio analytics, data aggregation, and custom reporting tools.
- Paladyne Security Master® – provides a centralized terms and conditions repository and distribution engine with real-time updates and corporate action alerts.
- Paladyne Price Master® – provides automated collection, storage, and time series analysis of prices and market data from any third-party sources.
CONTACT:
Media Contacts
Scott Alderson, Paladyne US Sales
(212) 616-4306
salderson@paladynesys.com
Jonathan Cross, Paladyne European Sales
+44 (0) 20 7153 4958
jcross@paladyne.com
Eric Royer, Paladyne Asia Pacific Sales
+852 3180 9237
eroyer@paladyne.com
Lisa Jane O'Neil, Paladyne Media
212-786-7629 or 917-361-8303
lisajane@ljoassociates.com