By pcurley on October 25, 2010
NEW YORK, NY and LONDON and HONG KONG — (Marketwire) — 10/25/10 — Paladyne Systems, Inc., the leading provider of next generation investment management solutions, today announced a new bundled offering known as Paladyne FastStart™, to address the operational and budgetary requirements of today’s start-up and growing hedge funds. The solution combines Paladyne’s firm-wide technology platform, with a selection of operational and IT support and hosting services designed to reduce cost and improve operational efficiency and control. Paladyne has completed its 30th start-up implementation in 2010 and continues to experience strong global demand for Paladyne FastStart™.
“We have seen a huge increase in global start-up activity as well as a large number of fund closures due to cost pressures and inability to raise capital,” said Sameer Shalaby, CEO of Paladyne Systems. “As a direct response to these trends, our bundled technology and services offering is a low cost and easily deployable solution that meets the complex due diligence requirements of institutional investors.”
Paladyne FastStart™ includes:
- Multi-asset class trading and order management
- Pre- and post-trade compliance tracking and reporting
- Real-time P&L and portfolio exposure views
- Intra-day risk analysis and model-based valuation
- NAV reporting and daily portfolio accounting
- Daily reconciliation and “shadow reporting” with fund administrators
- Time-weighted and AIMR-compliant performance measurement
- Automated security setup, corporate actions processing, and pricing with Paladyne Data Services™
- Automated counterparty communication and daily reconciliation with Paladyne Tradelink™
- Fully-hosted IT and disaster recovery solution with SAS 70 Type II certified global data centers and 24×7 monitoring and support services
- Low-cost, turn-key implementation service
“As a start-up manager, we required a robust trading and portfolio management system that was affordable and that we could implement in a very short time frame. It needed to work seamlessly with our prime brokers, counterparties and administrator. Paladyne’s fully hosted solution integrates all of our trading, portfolio management, accounting and risk requirements into a single platform and offers significant operational and IT support which reduces our personnel needs,” said George Roeck, CFO/COO at Charter Bridge Capital Management.
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.
