Kildare Capital joins AFA broker programme

Source: Advanced Financial Applications

Advanced Financial Applications (AFA), a leading provider of trading technologies to hedge funds and investment managers, today announced that Kildare Capital, a suburban Philadelphia-based investment banking and institutional trading boutique, has joined its Sponsored Broker Program.

This is the second such announcement in recent weeks, following on AFA's announcement that BNY ConvergEx also joined the program.

As part of AFA's Sponsored Broker Program, Kildare will now offer AFA's IMPACT Pro platform to its buy side clients. IMPACT Pro is a robust execution and order management platform that enables traders to streamline trade workflow from trade execution through middle and back-office management (including trade allocation, position management and multiple prime broker access).

Said Daniel Kinsella, Senior Vice President of Institutional Trading at Kildare Capital: "Kildare chose AFA to provide another technological solution for our clients needs. Trading technology will be a key issue for many sub $1 billion funds in the next few years. Speed and quality of execution, coupled with increasing regulatory scrutiny, and demand for electronic audit trails crystallizes the need for these funds to seriously address their trading system in the coming years. The ability to trade on one platform that handles multiple prime brokers is the unique flexibility of the IMPACT Pro platform. We decided to partner with AFA over other competing firms, since it has the best overall combination of technology, functionality and customer support."

Said Patrick D. Lynch, AFA's CEO: "We are committed to forging strategic relationships that enable brokers to provide their institutional clients with a combined EMS/OMS trading application. By having IMPACT Pro, hedge funds are able to utilize a platform that satisfies not just trade execution needs but the entire trade work flow in a cost-effective manner. We look forward to working with and on behalf of Kildare so that it can offer end clients a technology that can ultimately contribute to improved performance throughout the entire trading process."

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