16 January 2017
visit http://www.wolterskluwerfs.com

Prescient Ridge Management chooses Connamara for trading infrastructure

31 October 2012  |  1036 views  |  0 Source: Connamara Systems

Connamara Systems, provider of services to exchanges, swap execution facilities, CTAs and Hedge Funds, today announced signing Prescient Ridge Management, LLC (PRM) a managed futures fund which specializes in short-term, automated trading strategies, for Connamara's Made-to-Measure Trading Solutions to design and implement an updated trading infrastructure for PRM.

This engagement is a result of PRM's Investment Committee decision to trade new markets which opens new growth opportunities and new trading strategies for the firm going forward.
Prescient Ridge Management's President, Alan Swimmer, states: "Connamara Systems proved the right fit for PRM. Their Made-to-Measure customizable approach allows us to focus on the Fund's new trading ideas by improving efficiency and increasing scalability. Our philosophy to trading has always been combining the best professional expertise with the best technology the market can offer."

Connamara's approach to trading infrastructure design and implementation uses Connamara proprietary components to shorten implementation time and will provide a robust, scalable and flexible platform that allows PRM access to more markets and more asset classes. Connamara also provides all source code which lessens relationship dependency as vendor and in-house teams work collaboratively. In addition to source code for the platform, Connamara will provide all the automated regression tests, and the necessary testing and continuous integration frameworks to allow Prescient Ridge Management to extend and maintain the platform.

Connamara will also integrate Prescient Ridge Management's trading strategy software with the new trading infrastructure for order routing and management, market data, position and risk management as well as post-trade analysis and reporting to ensure a complete and seamless transaction life-cycle process. Going forward, post-delivery, Connamara will be providing on-going support and development services to Prescient Ridge Management. The Connamara Systems integration team consists of three software engineers, one senior software engineer, one Business analyst, one project manager.

"Connamara Systems has been developing and delivering custom application development for almost 15 years. Having this experience and business approach allows us to move quicklyy as changes in the industry occur and provide a solid, proven technology base that enables us to reduce the time to market and lower the cost to our clients," says Jim Downs, Founder and CEO of Connamara Systems. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.com

Top topics

Most viewed Most shared
Five fintech surprises for 2017Five fintech surprises for 2017
14361 views comments | 51 tweets | 46 linkedin
Blockchain impact timeline speeds up, massive cost savings forecastBlockchain impact timeline speeds up, mass...
10506 views comments | 34 tweets | 28 linkedin
Swift goes deeper into the blockchainSwift goes deeper into the blockchain
8296 views comments | 29 tweets | 42 linkedin
Belgium builds fintech bridge to LondonBelgium builds fintech bridge to London
6987 views comments | 25 tweets | 6 linkedin
ECB consults on development of pan-EU settlement service for instant paymentsECB consults on development of pan-EU sett...
6884 views comments | 16 tweets | 39 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job