Integration
of TradingScreen with Linedata’s Beauchamp Brings
Trading Efficiency Gains for Hedge Funds
London (February 26, 2007):
Linedata Services, a leading provider of software and
services to the global financial services marketplace,
today announced the integration of TradingScreen’s
TradeSmart with Beauchamp FundManager, Linedata’s
flagship portfolio management system for hedge funds.
The certified integration of the two systems offers
a new level of trading efficiency to hedge fund managers
and builds on the multi-asset class capabilities of
both products. Without the need to re-key executions,
clients will reduce time and human error, which together
translate in to significant operational cost savings.
Beauchamp FundManager is a highly configurable and
scalable portfolio management system offering a robust,
secure platform for trade capture, P&L and portfolio
analysis, fund accounting, custom report design, and
automated reconciliations with counterparties. FundManager
has been installed with over 280 hedge fund management
companies around the world, each managing anywhere from
$10 million to $12 billion of hedge fund assets.
TradingScreen is a leading provider of multi-broker,
multi-asset class electronic trading solutions. Users
of TradingScreen’s TradeSmart can easily trade
a broad portfolio of financial instruments - around
the clock and on any market - with a wide range of counterparties.
The integration with TradeSmart enables Beauchamp clients
to use FundManager and TradeSmart together for direct
FIX and multi-broker staging of equity orders and FIX
drop-copies for equities, futures and options. In addition,
it offers them access to critical market information
such as IOIs (indications of interest for securities
in the registration process) and pre-trade analytics.
Execution capability available via TradeSmart now includes
direct market access (DMA), strategy building, trade
management and best execution reporting.
Beauchamp clients will be able to enter trade orders
into either Beauchamp FundManager or TradeSmart. Execution
reports displayed in TradeSmart are then automatically
exported via FIX into FundManager, where the data is
available for real-time analysis, reporting and automated
position reconciliation. The result is faster, cheaper
trading and more accurate position and P&L data
at all times.
“This integration gives the hedge fund community
the ability to meet new regulatory and market challenges,”
said Philippe Buhannic, chairman and chief executive
officer of TradingScreen. “Linedata’s Beauchamp
and TradingScreen are leaders in their fields and it
was both logical and efficient to take a best-of-breed
approach. The greater complexity of the markets and
the need to capture liquidity efficiently - all while
achieving best execution and controlling trading costs
- has made the task of hedge fund traders increasingly
difficult. The leading hedge funds that have consolidated
their organization around a high-quality portfolio management
system like Beauchamp are now looking to improve their
trading processes by integrating pre-trade analysis,
strategy management, access to algorithms, multi-asset
class capability and global connectivity into a single
system.”
“Hedge fund requirements have evolved, arising
from changes in market structure and the regulatory
environment,” said Clare Flynn Levy, president
of Beauchamp. “This, and the explosion of interest
in electronic trading, has created a good case for us
to collaborate with TradingScreen to provide an integrated
solution that can be quickly delivered to address these
new challenges. As ever, Beauchamp strives to offer
its clients freedom of choice on the front end and seamless
access to the tools that will help them maximize their
returns on capital.”
ABOUT TRADINGSCREEN
TradingScreen is the leading provider of multi-broker,
multi-asset class electronic trading solutions to hedge
funds, traditional fund managers and proprietary trading
desks. The proprietary TradingScreen platform links
institutional investors and sell-side firms together
to facilitate order routing, execution management, clearing
and additional value-added services, such as real straight-through-processing
(STP) and prime brokerage enabling across all asset
classes. TradingScreen provides global coverage from
offices in New York, London and Tokyo.
ABOUT LINEDATA SERVICES
Linedata Services is a leader in the financial technology
market, delivering global software solutions for asset
management, savings & insurance and leasing &
credit finance. Linedata Services’ asset management
offering is a complete set of best-of-breed software
products, spanning front to back-office. Our solutions
address the specific requirements of mutual and institutional
funds, alternative and hedge funds, fund administrators,
prime brokers and private wealth companies.
As well as traditional deployment options, all Linedata’s
products are also available through an ASP (Application
Service Provider) model, providing hosted hardware and
software management. Linedata has 20 year’s experience
delivering ASP solutions.
Headquartered in France and listed on the Paris stock
exchange, Linedata Services achieved revenues of EUR
148.4 million in 2006, has offices worldwide and services
more than 1000 clients in 50 countries. For more information
visit Linedata Services at www.ldsam.com.
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