Linedata Services now counts the Swiss asset-management group, Vontobel, among its clients. Vontobel has selected a single offering encompassing the LongView Trading System and Spice for its front-office-trading and middle-office-compliance systems, respectively. This contract, covering 70 users for the LongView Trading System and Spice, follows a contract with Bessemer Trust, signed in October.
Columbia Management Group, the asset-management arm of FleetBoston Financial has teamed with eFORCE (www.eforceglobal.com) to launch a Web site. The Web site is www.libertyfunds.com. The site is directed at investment professionals and investors interested in the full range of mutual funds managed by Columbia Management's firms. Managing about $145 billion in assets, Columbia Management is among the largest 30 asset-management organizations globally.
Macgregor, a global provider of buy-side trade-order-management systems and FIX-network services, announced that Royal London Asset Management has selected the Macgregor Financial Trading Platform to automate its equity trading. Royal London Asset Management chose the portfolio management, compliance and Macgregor FIX Network components. The system will be deployed to 40 users.
PFPC Inc., a full-service mutual-fund transfer agent and provider of mutual-fund accounting and administrative services, announced that the Armada Funds Board of Trustees has unanimously approved the selection of PFPC to provide fund accounting and administration and distribution services for Armada Funds. Armada Funds has assets of approximately $16.3 billion representing 32 mutual funds.