The launch of Aspen Hedge's new back office module comes in response to client requests for improved reporting, interfacing and true paperless trading capabilities. As hedge funds cope with market growth and regulatory demand for institutionalization, access to better compliance tools and a more sophisticated infrastructure is becoming increasingly important to funds looking to maintain a competitive edge.

With the addition of the new back office module, Aspen Hedge now offers funds the ability to handle their entire hedge fund operation on a single system providing real-time connectivity to execution platforms and exchanges, automatic deal capture, single screen position and risk management, trade acceptance, confirmations, reporting, payments and an automated workflow monitor to track the trade status at various stages of the trade processing cycle.

"As the complexity of instruments and trading environments for hedge funds increases, the need for a system to monitor the entire investment process becomes critical. We are pleased to offer hedge funds the ability to improve their investment performance with our complete system proven to support multi-product environments, multiple fund structures and multiple strategies," says Said Farid Naib, FNX's CEO and founder.

Securely deployed as an ASP and accessed through the Internet, Aspen Hedge eliminates the need for up front technology investment and offers best of breed, sell side technology at an affordable monthly fee. All aspects of the software's operation, including maintenance, upgrades, security and availability are included as part of the solution. The end result is a technically advanced, feature rich trading solution with industry leading IT support at a fraction of the cost of an on-site software solution.