Clover Capital Management goes live on Indata STP platform

Clover Capital Management goes live on Indata STP platform

New York-based Clover Capital Management has gone live with Indata's IMS for Windows system for straight-through processing.

The Indata IMS for Windows solution includes modules for portfolio management and reporting, trade order management, performance measurement and attribution, and billing.

Clover Capital has also chosen Indata's InContact Web-enabled front office solution for customer relationship management. The system provides client-centric portfolio management, including live holdings, live trading blotter views and all performance and client statement reports online.

Dennis Slimmer, information systems manager for Clover Capital, says: "We selected Indata for its superior system architecture and the fact that they were the only vendor that could provide us with internal straight-through processing based on a common Microsoft SQL Server database platform."

Founded in 1984, Clover Capital Management manages approximately $2 billion in assets for individuals, employee benefit plans, endowments and foundations.

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