ICAP Invests in Portfolio Reporting Firm Enso Financial Management

Interdealer ICAP, has announced that it is investing Enso Financial Management (EFM), an early stage firm that provides hedge funds and asset managers portfolio reporting and data Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term services. The strategic investment is through ICAP’s majority owned early-stage funding program Euclid Opportunities. For ICAP, the funding is part of their strategy of investing and partnering with firms that can provide complimentary services to their suite of products. Other recent investments using the Euclid Opportunities arm include OpenGamma and Model Two Zero.

Based in New York, EFM reports on more than $100 billion in global assets under management. EFM’s analytics products are aimed at offering buy-side managers “a backdrop for radically improved daily fund performance based on valuable, actionable insights that might otherwise remain hidden”. According to EFM, the firm will be using proceeds from the investment to “drive continued product innovation and expand geographically to support its growing client base”. They added that “demand for services has increased significantly as buy side firms using multiple prime brokers, custodians and swap dealers increasingly require flexible reporting and analytics platforms”.

Commenting on the investment Mark Beeston, CEO of Portfolio Risk Services at ICAP said “EFM have clearly demonstrated their advanced portfolio analytics deliver the transparency and operational insight increasingly required by buy side participants. EFM's technology is a strong fit for ICAP and will complement our suite of services to help our customers drive the efficiencies demanded in today's trading environment."

Michael Gentile, EFM partner added “ICAP has a strong track record in investing in and developing businesses, particularly those that enable its customers to reduce costs and risk. Our mutual recognition that investors can benefit from improved transparency, speed of Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and a more streamlined trading process makes this strategic alliance an important step for EFM as we grow our blue-chip clientele. We will benefit from working with ICAP improving further our technology development and operational efficiencies.”

ICAP added that Steve Gibson, Managing Director of Euclid Opportunities, will join the Board of EFM. Terms of the investment or other funding partners were not provided by ICAP or EFM.