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Draughn Partners signs for Linedata hosted trading and OMS

31 January 2006  |  972 views  |  0 Source: Linedata Services

Linedata Services, a leading provider of software and services to the global financial services marketplace, is pleased to announce that Draughn Partners has selected Linedata's hosted trading and order management system, LongView ASP and LongView LyNX to support their investment advisory business.

As the market trend toward outsourcing increases, so does the demand for web based solutions. Linedata Services' combined expertise and vast experience in delivering ASP based solutions has driven financial institutions of all sizes to join the platforms.

Cliff Draughn, President, Draughn Partners explains, "As the financial markets continue to gain in complexity and competition increases, it is imperative that we have access to best-of-breed trading tools. Linedata's combined offering of the top OMS and expanding FIX network, all in an easy to use hosted environment is an optimal solution set for organizations like ours. With LongView ASP and LongView LyNX, we can substitute our existing environment with premier electronic trading capabilities, complex portfolio modeling functionality, more efficient pre-trade compliance and streamlined access to additional liquidity pools."

"Companies like Draughn Partners are drawn to our ASP/hosted solutions, including LongView ASP and Linedata Compliance ASP as they are more efficiently able to manage their operations and service their clients, commented Eric Bernstein, senior vice president and head of US front-office sales, Linedata Services, Inc. In year's past, firms with smaller IT staffing were simply not able to have the same best-of-breed product offerings as the larger firms. Today, with Linedata's ASP offerings, asset managers of all sizes can have access to the same best-of-breed products through the delivery method that best suits their environment. We are pleased that Draughn Partners, and organizations like them, are rapidly taking advantage of this unique offering."

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