Investment-Technology Newsflashes

Prudential Investments' Managed Accounts Consulting Group has licensed CheckFree M-Pact; Two buy-side firms implement Indata solutions.

Stralem & Company, a New York-based investment manager, has rolled out an asset-management platform from Indata. The buy-side firm has implemented IMS for Windows from the San Diego, Calif.-based vendor in order to replace both in-house and custodial systems. The IMS for Windows suite includes portfolio-management, reporting, trade-order-management, performance-measurement, and external-straight-through-processing solutions.

Stralem & Company chose the solution from Indata because of its combination of the latest technology, comprehensive functionality and reasonable cost, according to a statement from the firm's Vice President, Philippe Labaune.

Indata has also announced that Boston-based Bingham Legg Advisers has gone live with the vendor's client-reporting and attribution systems, interfaced through SunGard Trustware Series 7 Trust Accounting System. The solution offers the firm the ability to build and maintain its own client statements, as well as evaluate performance based on AIMR-standard time-weighted rates of return.

Bingham Legg Advisers has been using Indata's Precision Trading System since 2000, and plans to go live on the vendor's Web-based customer-relationship-management and front-office solution, InContact, this year.

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