TradingScreen, a provider of liquidity, trading, and investment technology via SaaS, announced that Linear Investments has selected TradePrime®. TradePrime is TradingScreen’s comprehensive front-office solution, which includes execution management, order management, compliance, risk, multi-prime broker and administrator connectivity, for hedge funds, all delivered through the cloud.
TradePrime connects the award-winning TradeSmart® execution management system (EMS) to comprehensive order management system (OMS) functionality usually found in locally installed OMS platforms. This breakthrough allows Linear Investments to avoid the typically long cycle and high costs of onsite implementation, leveraging the globally deployed product master, order manager, position server and the network services of TradingScreen’s TradeNet.
“TradePrime is a step in the right direction towards the future of hedge fund technology,” said Jerry Lees, CEO of Linear Investments. “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.”
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All other services needed to operate an investment fund – from position collection, to risk, pricing and compliance services – complement the TradePrime offering right out of the box and is fully integrated instead of the multi providers approach retained traditionally. The new functionality lets the buy side manage all of its multiple workflows on a single screen, from a single integrated and globally deployed database.
“We are proud to be working with a premier firm like Linear Investments,” said TradingScreen CEO Philippe Buhannic. “Many organisations 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.”
“The recent waves of new regulations have many investment management firms turning to TradePrime to reduce the number of systems that they have to manage, and streamline their sophisticated workflows,” Buhannic added.
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. 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- and performance-focused OMS, and the administrator information into a seamless, intuitive platform.