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Author: Jake Thomases
Source: Buy-Side Technology | 29 Nov 2011
Categories: OMS & EMS
Topics: Advent
Advent Software has released its latest version of Tradex, the automated fund order management and distribution solution, for use on the EMEA markets. Version 4.0 features enhanced security for login, approvals and encryption, simplified order management processes, and easier access to currency orders, among other enhancements.
The web-based Tradex allows firms that distribute funds to replace manual procedures for fund share order processing with an automated work flow, from order entry to settlement.
"The order processing of mutual funds and other funds requires tremendous manual effort and is complex, especially when you have high volumes. We chose Tradex to simplify this process through enhanced automation, thereby increasing efficiency with reduced keying time and much lower error rates," says Petter Borg, CEO at Pareto Asset Management.
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