Beauchamp Financial Technology (BFT) and Credit Suisse First Boston (CSFB) today announced that access to CSFB's Advanced Execution Services (AES) will be made available to Beauchamp clients via the forthcoming TradeManager FIX-connectivity module for FundManager, Beauchamp's flagship hedge fund portfolio management system.
Users will be able to access CSFB's global electronic trading services including Direct market Access and CSFB's award winning algorithmic trading product (AES™) via TradeManager, and trades executed in this way will be booked direct into the Beauchamp portfolio database.
CSFB's Advanced Execution Services (AES™) allows CSFB's clients to work equity orders completely anonymously, achieving excellent results relative to a range of benchmarks. These complex algorithms, whilst easy to use, respond dynamically to changes in market conditions, constantly assessing liquidity, volatility and market impact and adjusting the optimal execution schedule. As well as delivering enhanced execution results the capabilities of AES make it an excellent productivity tool for busy desks.
Richard Balarkas, Managing Director and Global Head of AES sales at CSFB said, "Hedge fund managers are extremely sensitive to capturing alpha, which is why the execution capabilities and anonymity provided by AES are ideally suited to investors like these who want to reduce price impact. BFT is well-established and highly regarded in the hedge fund community and we are extremely excited that our mutual clients will be able to access AES through the BFT product range."
Clare Flynn, Beauchamp's President, said "We look forward to providing Beauchamp's clients with a new competitive advantage: our next-generation trading blotter, complete with electronic trading with traditional brokers as well as those offering direct market access (DMA) and algorithmic services, such as CSFB. Using a single point of order entry, the user will be able to execute, track and report both electronic and telephone trades in high volume, and then automatically report their trades and reconcile their holdings with their prime brokers and administrators. Electronic trading is bringing the hedge fund industry that much closer to full Straight Through Processing, maximizing operational efficiency and maximizing investment returns."