Copper Rock capital live with Indata IMS

Source: Indata

INDATA, a leading industry provider of software solutions for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office announced today that Copper Rock Capital Partners, based in Boston, MA, is live with INDATA IMS ASP solution. The firm has expanded their usage of the INDATA system to include international securities, based on their successful launch of a new international small cap investment strategy.

Copper Rock Capital Partners, an Old Mutual Asset Management affiliate, is a rapidly growing money manager in the U.S. As such, when evaluating the INDATA IMS ASP solution, effective trade order management was of paramount importance. "For Copper Rock, the ability to process trades from front-to-back office seamlessly and efficiently was a primary consideration," commented Mike Forrester, Chief Operating Officer for Copper Rock.

Having gone live on the INDATA system for domestic equities, Copper Rock then began to contemplate utilizing the INDATA system for their recently launched international small cap product. International was a new area for Copper Rock and the firm needed to develop a comfort level with the system's capabilities and INDATA's experience in this area. Copper Rock and Old Mutual then began working with INDATA on educating end users on specific international workflow and functionality. To this end, INDATA employed a consultative approach with remote training of individual users, as well as on-site consulting with INDATA staff, expediting the timeframe for the rollout while reducing costs.

"Being able to have one system for both domestic and international securities has created a number of operational efficiencies, in addition to the ones that were created when Copper Rock converted to INDATA's hosted ASP model," said Ian Aguilar, Vice President of IT Operations and Service Delivery for Old Mutual Asset Management.

"We are very pleased to have Copper Rock Capital Partners as a client," said David J. Csiki, Managing Director of INDATA. "We are also very gratified that Copper Rock and other participating Old Mutual affiliates will be able to leverage INDATA for their international needs. INDATA has a number of clients utilizing our system in this capacity and international is a fast-growing area amongst our clir client base," he added.

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