By pcurley on June 21, 2010
A Unique Combined Order Management and Portfolio Management System
New York, London, and Hong Kong, June 21, 2010 – Paladyne Systems, Inc., a leading provider of technology and services to the global hedge fund industry, today announced that Riley Paterson Investment Management, a Singapore-based hedge fund manager with $340 million of assets under management, has implemented Paladyne Portfolio Master™ as its fully-hosted front-to-back-office solution.
Paladyne Portfolio Master™ offers a unique combination of order management and portfolio management functionality, and may either be installed on-site or delivered via Paladyne’s industry-leading hosting platform, Paladyne ASP™. Riley Paterson utilizes Paladyne Portfolio Master™ for order management, compliance, real-time profit and loss monitoring, portfolio management, NAV reporting, and automated reconciliation to its prime brokers. Additionally, Paladyne Portfolio Master™ includes out-of-the-box integration with Riley Paterson’s direct execution brokers and their preferred execution management system, Bloomberg EMSX. Paladyne’s ASP platform provides Riley Paterson with a fully managed IT service, 24×6 technical and product support, hardware, product upgrades and quality assurance, and mirrored (“hot site”) disaster recovery.
“This single relationship with Paladyne provides us with one cost-effective solution that covers our needs from trade capture to reconciliation and reporting, and eliminates the need to have a separate OMS and PMS system, as well as, the necessary IT support for integration and management,” said Andrea Sorani, COO of Riley Paterson. “The unique product functionality, together with the Paladyne ASP delivery model and the outstanding quality of Paladyne’s support, has made us very satisfied with our partnership with Paladyne.”
“We are delighted to add Riley Paterson to our fast growing client base in the Asia-Pacific region,” said Sameer Shalaby, CEO of Paladyne Systems. “Riley Paterson represents continued proof that our combined order management and portfolio management solution delivered as a full-service ASP solution is ideal for this marketplace.”
Posted in Press Releases
About Paladyne Systems
Paladyne Systems, a Broadridge Company, is the leading provider of next generation investment management solutions. Paladyne offers its integrated front-, middle- and back-office platform, known as the Paladyne Suite™, to hedge funds, asset managers, fund administrators and prime brokers. The modular Paladyne Suite™ includes order management, portfolio management, reference data management, data warehouse reporting and reconciliation and is complemented by the Paladyne Network™, which comprises a select group of preferred strategic partnerships with leading software and market data firms. The solution can be delivered onsite or via Paladyne's industry-leading application service provider solution, Paladyne ASP™. Paladyne was established in 2005 and now serves over 180 clients worldwide. The firm has approximately 165 employees, and is headquartered in New York, with regional offices in New Jersey, London, Russia and Hong Kong.
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.
About Broadridge
Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $4 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com.
