Abacus Group, a New York-based provider of hosted IT solutions for hedge funds and private equity funds, has partnered with Global Relay, a Vancouver-based provider of hosted email archiving, messaging and compliance services, to institute a message archiving solution as part of the AbacusFLEX private cloud platform. The partnership offers AbacusFLEX clients integration with Global Relay’s compliance archiving and monitoring solution.
The Dodd-Frank Act requires that hedge funds, private equity funds and investment advisors retain and monitor electronic messages. Now, in partnership with Global Relay, AbacusFLEX clients' email, Bloomberg, Instant Messenger (IM), mobile text messaging and call logs, and social media communications including LinkedIn, Twitter and Facebook are automatically archived in the cloud.
In addition to the new archiving capabilities, AbacusFLEX offers full integration of front-office trading applications, back-office reporting systems, accounting systems, and managing email and files.
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