Investment platform TradingScreen and independent fund administrator MainstreamBPO have signed a partnership to connect systems for mutual clients, for front-to-back fund servicing.
As part of the agreement, TradingScreen’s TradePrime execution, order and portfolio management offering will be integrated with FundBPO, MainstreamBPO’s platform, and deployed to Asia Pacific asset managers. This will allow asset managers to outsource their entire trade management process—execution, compliance, risk, reconciliation and reporting—to the two partners.
The move comes in the middle of a concerted push in the region for TradingScreen, which also recently signed an agreement with SGX to launch a bond trading platform there.
“In their quest for alpha generation and cost savings, asset managers continue to seek cutting-edge, outsourced multi-asset class solutions that cover the full trade life cycle. This partnership agreement has already been endorsed by our clients in Asia. It allows them to concentrate on trading and avoid lengthy and costly implementation.” says Nathan Walker, head of sales in South East Asia & Australia at TradingScreen.
Adds FundBPO CEO Martin Smith, "We are very pleased with our relationship with TradingScreen and the expansion of our value chain to include now full front office to back office fund services. By integrating with TradingScreen’s TradePrime platform we are able to achieve complete straight-through processing at an affordable cost to our clients."
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