Indata, a leading industry provider of software and services for buy-side firms, including trade order management (OMS), compliance, portfolio accounting and front-to-back office today announced that it has upgraded the fixed income capabilities of iPM, Indata's Intelligent Portfolio Management platform.
Key features include an open API for importing data from third party systems, which includes full data validation capabilities via iPM's integrated data management tools. Imported data can be fully automated and used throughout the system for portfolio management, compliance, trading and reporting activities.
Data management tools are especially critical for fixed income, since effective portfolio management requires the ability to validate numerous incoming data points for accuracy. Another fundamental feature of iPM is how the system handles historical data, which is a mission-critical requirement for accurate compliance handling and reporting for fixed income managers. As cited in numerous industry sources, data management is a top priority for 2012 driven by the need to demonstrate greater transparency and the expectation of additional future compliance and corporate governance requirements.
Additional features included in the release are the ability to automatically use imported data, including custom fields, for compliance calculations and monitoring on a pre-trade, post-trade or real-time basis via iPM Compliance; additional trading blotter views and preferences; further "what if" modeling tools; as well as a fully automated interface with Tradeweb for the trading of fixed income securities via FIX.
"Fixed income is an increasingly important asset class for our clients and we are seeing an expansion of firms looking for integrated, multi-asset platforms for their trading and portfolio management activities as well as firms looking to move away from their legacy systems," commented David J. Csiki, Managing Director, INDATA. "iPM's latest fixed income functionality offers a level of sophistication that is not typically available within current industry solutions," he added.