Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, and Alpha Omega Financial Systems, provider of FIX protocol based post-trade software solutions, today announced a partnership which will provide buy side clients with another alternative to supporting their post-trade processing requirements.
This partnership validates Linedata's commitment to providing all-inclusive solutions to fit clients' business needs.
As a result of this partnership, FIXAffirm is seamlessly integrated with Linedata Longview, enabling clients to achieve straight-through-processing (STP) between the front, middle and back offices. By directly connecting counterparties through established FIX networks, FIXAffirm allows any errors to be corrected immediately and trades to be confirmed and affirmed on trade date. FIXAffirm can also co-exist with other post-trade solutions, thus reducing the risk of single vendor failure.
"We are very excited about the partnership with Linedata and the opportunity to provide integrated trading and post-trade solutions for investment managers globally using advanced FIX based technology. Given the momentum in the industry towards FIX post-trade, this integrated solution provides Linedata's clients with immediate access to FIXAffirm at zero implementation cost," states Kamal Duggirala, CEO of Alpha Omega.
"At Linedata, we are always striving to offer flexible alternative solutions for our clients," comments Eric Hamilton, Vice President of Front Office Asset Management Relationship Management at Linedata. "Through this partnership we offer our clients new post-trade processing options."