TradingScreen announcements.
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LONDON, NEW YORK, HONG KONG and TOKYO (March 4, 2010): TradingScreen Inc, the premier execution management system (EMS) provider of multi-broker and multi-asset class trading systems to the Buy Side, announced today the integration with FMO, the online Portfolio Management System for global hedge funds with industry leading reporting and attribution analysis functionality. The certified integration of TradingScreen and FMO links the front and middle/back office to offer the Buy Side a new level of trading efficiency built on the combined multi-asset class capabilities of both systems. Institutional traders using this FIX based best-of-breed EMS-OMS solution will leverage TradingScreen’s global order routing and advance execution management functionality coupled with FMO portfolio management system to manage post trade and middle office processes with brokers and custodians, reconciliations, reporting, as well as fund accounting. The latest FMO release features improved-real time and historic reporting of fund performance across multiple prime brokers and custodians to manage counterparty risk and provide clients additional process transparency. Paul Lemphers, Director of FMO Asia commented: “Post the financial crisis clients are more focused on post trade processes including managing multiple prime brokers, counterparty risk, and accurate reporting and performance attribution. Investors are demanding better processes in order for funds to raise more capital. By integrating with TradingScreen we can now offer to TradingScreen's fast growing number of Asian customers a portfolio management system that is quick to get up and running and accurately processes data from TradingScreen for middle and back office processes”. “As clients increasingly trade a broader range of asset classes across global markets, the real time integration of the trading and workflow processes to portfolio management systems are becoming more important and complex. Integrating with FMO is a natural extension for TradingScreen as we continue to commit to offer our clients the automation of the full trading lifecycle that meets their needs, and ultimately deliver additional value to them, commented Bernard Ho, Head of Asia Pacific and Japan. We look forward to working with FMO as they continue their expansion into the region.” Interested press and analysts may contact: TradingScreen David Zweifler Paul Lemphers About FMO
FMO is a new generation portfolio management system that provides users with an integrated portfolio management system and fund accounting system. FMO recognizes that post the global financial crisis hedge funds desire to better understand performance, attribution, volatility and counterparty risk, with an integrated view across multiple prime brokers, custodians, markets and securities; while at the same time focusing on fund performance, not software. With increased volatility, firms need to be able to quickly and confidently understand metrics of their fund to make better trading decisions and report to investors. FMO’s unique ability to deliver industry-leading reporting with an entirely online solution meets this challenge. FMO is used pre-trade for portfolio modelling and compliance, post-trade for trade confirmation, for workflow with prime brokers and administrators and reconciliation, and in accounting to record and manage cash transactions with journals and post a chart of accounts. FMO is not an execution management system, but integrates to execution management systems such as Bloomberg EMSX, TradingScreen and IRESS. FMO’s customers are hedge funds and family offices that range from established billion dollar funds with over 30 daily users located all over the world to $20M start ups with three users. FMO is made available in an easy-to-deploy Software as a Service (SaaS) model. There is no hardware to purchase and maintain or software to deploy and manage. New users can get up and running with the system immediately. The FMO portfolio management system was originally developed for the Portland House Group, a leading private investment firm based in Australia with over 20 years investing experience. FMO was established as a fully separate company in 2004 and now supports customers in Asia, Australia and United Kingdom. (www.fmo.asia) |