Source: Electra Information Systems
Electra Information Systems (Electra), an innovative provider of proven software solutions for the asset management industry, announced today that it has entered into an alliance with Eagle Investment Systems LLC (Eagle), a global provider of financial services technology solutions.
Through this alliance, Eagle is introducing Electra's market-leading solutions for data acquisition, transformation and normalization, billing and revenue management, and post-trade messaging, to Eagle's roster of global buy-side clients.
The agreement enables Electra to broaden its reach with both Eagle's customer base and the overall buy-side community and further enhances Eagle's leading suite of products. Electra and Eagle have enjoyed a long-standing relationship in the market, and this current agreement encompasses the following products:
RecCollect DataPIPE, a complete source of accurate, reliable data that provides consolidated and normalized securities, cash position and transaction information from more than 450 global custodians, brokers and sub-advisors
Quantum, Electra's comprehensive fee billing and revenue management solution for fee calculation, invoicing and accounting, which is aimed at increasing efficiency, reducing risk and streamlining workflows
ACTioN, a post-trade automated tool kit for custodian trade and client notifications, confirmations/affirmations and settlement instructions, and which connects investment managers, with their custodians, prime brokers, clients and all third-party participants
"We are continuing to expand our global footprint, and through this alliance we are now able to reach a new set of buy-side institutions," said Ian Danic, Executive Director, Electra. "Demands on asset managers for accuracy and transparency are ever increasing. Eagle's customers look to our solutions to extend automation and streamline reconciliation data acquisition, trade settlement notification, and client fee billing, areas for which Electra offers proven, reliable solutions."
"Increasingly, financial institutions are demanding game changing technology that allows them a competitive edge in the market," said Rich Robins, Vice President, Eagle. "By aligning with Electra, an established and trusted player to the buy-side, we e, we are able to achieve our core mission and deliver best in class solutions to our clients."