Vertex One's old system could not cope with its increasing demands as the firm reaches the $1bn mark in assets.
Canada's Vertex One Asset Management has adopted Linedata's Global Hedge hosted platform.
"In the portfolio management module of Linedata Global Hedge we have selected a solution which will help us improve on our alpha generation through better attribution and contribution analysis," says Jeff McCord, managing director of Vertex One. "We are constantly searching for ways to increase performance and the dependability of our systems; though the smarter use of technology with Linedata Global Hedge, we are confident we will be able to do just that."
An additional feature which appealed to Vertex One was the trade blotter with FIX connectivity to brokers. The asset manager also liked the real-time performance attribution, FIX-based trade allocation, reporting and accurate NAV reconciliation.
Should regulators take a more active role when it comes to AI oversight, or leave it to the professionals? What will M&A look like in 2018?Subscribe to Weekly Wrap emails