Sungard launches hosted order management system
10 February 2014 | 1928 views | 0
SunGard announces the launch of Asset Arena Data Connect a fully automated order processing and control solution for hedge fund managers, private equity firms and fund administrators.
Asset Arena Data Connect helps firms manage incoming and outgoing alternative investment data as well as scheduling and monitoring of data processing - increasing straight-through-processing (STP) and transparency.
Delivered as a hosted solution, SunGard's Asset Arena Data Connect enables customers to quickly use alternative investment processing platforms including the Depository Trust Clearing Corporation's (DTCC) National Securities Clearing Corporation's (NSCC) automated and centralized Alternative Investments Platform (AIP).
Fully integrated with SunGard Asset Arena Transfer Agency Data Connect may be used with any recordkeeping system and process in place to administer alternative investments.
"The growth in alternatives and their convergence with traditional structures means our customers are demanding solutions that streamline data processing of more complex securities. SunGard's Asset Arena Data Connect is a cloud-based, automated offering that provides the transparency and standardization that industry networks and participants require and alternative asset managers and their administrators can now deliver."-Mark Judah, managing director, SunGard Asset Management.