28 May 2018
Visit response.ncr.com

Belay Partners deploys Paladyne ASP system

19 January 2010  |  1751 views  |  0 Source: Paladyne Systems

Paladyne Systems, a leading solutions provider to the global hedge fund industry, today announced that Belay Partners has successfully implemented Paladyne's fully integrated hosted ASP front-to-back office solution for order and portfolio management, and NAV reporting.

Belay Partners is a London-based, European long/short start-up fund, co-founded by Daoud Zekrya, a former partner at Marshall Wace Asset Management, and Harry Tyser, a former New Star Asset Management veteran who managed the firm's Firefly hedge fund.

Belay utilizes Paladyne Portfolio Master for electronic trading and order management including two-way FIX connections to various EMS platforms and brokers, pre- / post-trade compliance, real-time profit and loss monitoring, portfolio management, reference data management, pricing, and NAV reporting. Belay has also implemented Paladyne Analytics Master for automated reconciliation to its prime brokers and fund administrator as well as for customized, firm-wide reporting. The solution is hosted in Paladyne's ASP platform, which includes a fully managed IT service, 24x7 technical and product support, hardware, product upgrades and quality assurance, and mirrored ("hot site") disaster recovery.

"Paladyne offers a compelling value proposition with a fully integrated front-, middle-, and back-office suite of products that streamlines our operations and meets all of Belay's core business functions in a cost-effective manner," said Andrew Wall, COO of Belay Partners. "We now have a one-stop technology partner as our enterprise software platform, hosting provider, and full service IT solution, which is unique to the European marketplace."

"Now more than ever, hedge fund managers need to select the right technology partners to overcome their business challenges and we are delighted to be working with such a high profile startup, like Belay Partners," said Sameer Shalaby, CEO of Paladyne Systems. "The combination of Paladyne's product suite and hosted technology platform provides Belay with a complete solution at significantly lower total cost of ownership."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/visit www.ebaday.comVisit www.niceactimize.com

Who is commenting?

Top topics

Most viewed Most shared
satelliteAnt Financial provides tech for China Ever...
37059 views comments | 3 tweets | 2 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
9308 views comments | 18 tweets | 26 linkedin
MUFG to roll out blockchain payment network next yearMUFG to roll out blockchain payment networ...
7911 views comments | 13 tweets | 13 linkedin
ING opens developer portalING opens developer portal
7604 views comments | 16 tweets | 23 linkedin
PayPal and Google bind payment railsPayPal and Google bind payment rails
7418 views comments | 11 tweets | 16 linkedin

Featured job

Find your next job