By pcurley on April 25, 2011
New York, London, and Hong Kong, April 26th, 2011 – Paladyne Systems, Inc., the leading provider of next generation investment management solutions, today announced that CZ Capital, a London-based long/short hedge fund manager, has successfully implemented Paladyne FastStart™ as its fully-hosted front- to back-office solution.
CZ Capital utilizes Paladyne FastStart™ for electronic trading and order management, pre- and post-trade compliance, real-time P&L monitoring, portfolio management, daily reconciliation, and firm-wide reporting. Paladyne FastStart™ is offered as a fully hosted ASP solution complete with managed IT services, 24×7 technical and product support, hardware, product upgrades and quality assurance, market data infrastructure, and mirrored (“hot site”) disaster recovery.
“Our decision to switch from our current system provider was driven by our need for enhanced front-office trading and compliance capabilities, and superior levels of support,” said Matthew Wright, Manager of Operations at CZ Capital. “Paladyne’s combined technology, data, and hosting services are head and shoulders above the competition, and our experience with the implementation and on-going support has been first-rate and reinforces our decision.”
“We are very happy to have CZ Capital as part of our growing European client base,” said Sameer Shalaby, CEO of Paladyne. “CZ reflects a clear need in Europe for more comprehensive technology and higher service levels, as well as, a trend toward ASP solutions. Paladyne has recently expanded both its London office and European data center facility in response to this increasing demand.”
About Paladyne FastStart™
Paladyne FastStart™ is an easily deployable ASP-delivered solution that combines Paladyne’s front-to-back technology platform, with operational and IT support, and is designed to reduce cost and improve operational efficiency and control.
Media Contacts
Lisa Jane O’Neil
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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.
