Source: Financial Tradeware
Financial Tradeware, provider of Portfolio and Fund Management Straight Through Processing (STP) solutions for investment managers, fund managers and hedge funds, today announced the appointment of New York-based Computer Intelligence Group Inc. (CIG) as a new Business Partner, to bring the full range of Financial Tradeware’s solutions to the North American and Caribbean regions.
Under the terms of the agreement CIG, an IT consulting and services company, will market, install and support the full range of Financial Tradeware solutions that deliver STP, real-time trading, back office administration, accounting and compliance. These include Ultra.net, S-Messenger and H-Fund, all built on Microsoft.NET technology, in addition to connectivity through accredited Member Concentrator services, serving the MA-CUG needs of smaller corporates and small to medium sized financial institutions.
"The explosive growth in the hedge fund market particularly in the USA, has led to a large number of smaller companies who need a cost effective solution to their global connectivity requirements. This is our core market where we have a strong base of knowledge," commented Graham Bright, Managing Director of Financial Tradeware, "We wanted to work with a partner who understands the local markets and their accounting structures, such as Sarbanes-Oxley. Therefore our solutions can provide the necessary STP and automation with the full front to back office audit capabilities required to meet local legislation."
CIG specialises in servicing businesses requiring an in depth knowledge of securitisation and risk management. The partnership with CIG will be backed up by comprehensive resources and expertise from Financial Tradeware.
"CIG is experienced in providing customised and cost efficient solutions covering all aspects of the trading environment. There was a close business and technical fit between CIG and the range of proven Financial Tradeware applications. We know that there is a clear need and demand for these solutions in the markets that we are operating in," said Joe Feldman, Executive Vice President of CIG.
"We are continuing our strategy of working with established Business Partners in the world's major financial centres. Financial Tradeware were aware of CIG's knowledge and experience through our relationship with SWIFT and have been impressed with their established reputation for providing application support and implementation services to the finance community. We are looking forward to a mutually beneficial and prosperous long term relationship," concluded Bright.