Source: Financial Tradeware
Financial Tradeware, provider of portfolio and fund management Straight Through Processing solutions, today unveiled it's latest product, H-FUND, which incorporates the new TMS application (Trade Management System), at the Fund Forum International 2004 in Monte Carlo.
H-FUND is a portfolio and fund management solution based on a Microsoft.NET platform; it is designed to automate all the pre- and post-trading activities for Hedge Fund traders. TMS is the latest addition to the product suite of more than 25 individual and specific, fully integrated applications. TMS enables the electronic execution and reporting of equity orders.
H-FUND is the result of a joint development between Financial Tradeware and Microsoft; it is now available in BETA version and will be made generally available by Q3 2004. The solution automates and integrates all trading activities of Hedge Funds, including:
Real time execution via FIX protocolsClearing and settlement via SWIFTReal time NAV calculation and accountingPortfolio modellingRisk management tools
In addition it offers direct links to data providers such as Bloomberg and all other major data providers, to guarantee flexibility and choice of financial instruments.
TMS has been specifically designed and tested by small to medium sized investment management firms. The system enables the electronic execution and reporting of equity orders using FIX protocols. The application supports the execution of different order types (including limit and GTD/GTC orders), facilitates exception processing and integration with settlement for Straight Through Processing. TMS receives new orders and cancellation instructions from Dealing Desk(tm) in H-FUND or Ultra.net and passes the instructions to the counterparties. Conversely, it receives and validates responses from the counterparties, including trade execution reports, and applies the updates to H-FUND or Ultra.net.
Alberto Fontana, Managing Director of Financial Tradeware comments: "We have been working with a specialist team of 12 Microsoft software designers for almost one year in order to migrate our entire product suite to a .NET infrastructure. We are therefore very pleased to announce our first .NET solution for hedge funds at the Fund Forum event. We firmly believe in the value of .NET technology, its reliability, scalability and ease of use makes it the perfect technology on which to base our product suite; particularly as the implementation of the industry standard platform increases in our customer base."