Linear Investments, a London-based investment manager that offers mini-prime broker services and multi-asset class trading capabilities, has selected TradingScreen's TradePrime, a cloud-based, front-office solution, that includes execution management, order management, compliance, risk, multi-prime broker and administrator connectivity for hedge funds.
"TradePrime is a step in the right direction towards the future of hedge fund technology," said Jerry Lees, CEO of Linear Investments in a press release. "An advanced multi-asset EMS, integrated with position management and order management functionality, compliance and risk, all delivered via the cloud, represents an exciting number of cost and efficiency savings for us."
TradingScreen, a provider of software as a service (SaaS) liquidity, trading and investment technology, says that TradePrime connects the TradeSmart execution management system (EMS) to comprehensive order management system (OMS) functionality found in locally installed OMS platforms. This allows Linear Investments to avoid higher costs of onsite implementation, leveraging the globally deployed product master, order manager, position server and the network services of TradingScreen’s TradeNet.
According to TradingScreen, other services needed to operate an investment fund -- from position collection, to risk, pricing and compliance services -- are available through the TradePrime offering and are fully integrated. The functionality lets Linear manage its multiple workflows on a single screen.
"We are proud to be working with a premier firm like Linear Investments," said TradingScreen CEO Philippe Buhannic, in a statement. "Many organizations are realizing the enormous savings and risk controls improvements of having a multi-asset, multi-broker system that combines all the key front-office workflows in a single, in the cloud platform."
[For a look at how other asset classes are moving toward a more electronic marketplace, read: Asset Classes - What's the Difference?].
TradePrime brings to the OMS world the same simplicity that TradingScreen brought to the trading world with the launch of TradeSmart, which created the EMS segment 11 years ago, claims TradingScreen. TradingScreen's TradePrime resolves one of the most difficult challenges the alternative asset managers face -- the complexity of integrating the trading-focused EMS, the position-focused OMS and the administrator information into a seamless platform, according to the vendor.
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio