HFIT 06/05

Website: www.activfinancial.com
Contact: David Bloomer, director of sales sales@activfinancial.com
Tel: +1 212 964-2600, ext. 12

Activ Financial Systems provides low latency, real-time market data and data management technology to the financial industry. The company’s main services include:
• ActivFeed, a consolidated, real-time streaming data feed covering equities, options, and futures information with integrated time-series data, company fundamentals, corporate actions, and institutional news wires.
• ActivDirectFeed, a direct exchange feed-processing platform providing access to ultra-low latency exchange sources at the customer’s facility
• ActivWorkstation, a .Net-based quote terminal providing end-user functionality specific to equity and options traders requiring significant amount of real-time data at the desktop application layer.
All three services are available on a hosted basis. TCP connectivity to the data is facilitated by the Internet, all major Extranet providers, including: Radianz, Savvis, TNS, and Ethernet networks including Yipes!, ConEd, MCI and Verizon. Activ is a private company based in Chicago, with offices in New York, Sugar Grove, IL, and Cambridge, UK.

Website: www.barra.com

Contact: Barra Client Support www.barra.com/about/ContactUs.aspx

Tel: +1 888 588 4567 (North America)

+44 (0) 207 618 2222 (Europe)

+81 35 402 4151 (Asia)

Barra, is a Berkley, CA-based provider of financial risk management solutions, established in 1975. The firm, which was acquired by Morgan Stanley Capital International (MSCI) in April last year, has two ASP solutions – Barra Credit and BarraOne.

Barra Credit is a decision support and risk management system designed to improve the credit investment process. Used by asset managers, banks and hedge funds, Barra Credit provides daily updated market-implied measures of creditworthiness from the equity, bond and derivatives markets.

BarraOne is a web-based solution designed to help portfolio managers ensure that their portfolio’s risk profile is consistent with its investment style. BarraOne allows users to ‘slice and dice’ portfolios by supporting flexible reports across multiple asset classes or user-defined variables. Portfolio construction with risk control can be performed via the trade scenario module or the optimiser.

Website: www.bftl.com

Contact: Tara Phelan +1 212 485 8583 tphelan@bftl.com

Gillian Melling +44 (0)207 469 8657 gmelling@bftl.com

Founded in 1997, Beauchamp Financial Technology (BFT) builds, markets and supports trading and portfolio management software for alternative investment managers. BFT’s flagship product, FundManager, has gained over 160 clients in four years, and supports $55 billion in assets under management. The suite spans all stages of the trade life cycle from order management through to portfolio accounting. BFT has offices in New York, London and Hong Kong.

eFM is the ASP version of BFT’s Equity FundManager, with end-to-end multi-currency portfolio management of equities, debt, FX and listed options.

Ideal for the hedge fund start-up, eFM requires no software installation or additional hardware on-site. Remotely and securely hosted at Beauchamp’s data centre, the system is accessed by the user over the internet using Citrix. eFM utilises the same underlying database platform as BFT’s FundManager and Equity FundManager products, enabling easy upgrade to the larger installation as a business grows.

Website: www.bondedge.com

Contact: Lisa Herbert, marketing director lisa.herbert@interactivedata.com

Tel: (310) 479 9715

BondEdge is a fixed-income portfolio analytics system for credit and interest rate risk, designed to help clients analyse risk/return profiles, identify bets, and respond to a variety of reporting demands.

The system features a comprehensive global database, advanced risk measures (eg. duration, convexity, and OAS), benchmark comparisons (with access to over 300 public indices), factor-based and returns-based performance attribution, pre-trade compliance monitoring, ‘what-if’ analysis, cashflow analysis, and portfolio optimisation.

eBondEdge, the ASP/Internet delivery solution, offers nearly all the same hands-on functionality of BondEdge, but allows clients to outsource the monthly processing and system maintenance.

ebondEdge, which has been available for seven years, accounts for 15% of the firm’s clients. 30% of all new clients opted for the ASP version in 2002, while that number rose to 40% in 2003. Currently 50% of all new clients installations choose the ASP solution.

Website: www.crd.com

Contact: sales@crd.com.

Tel: +1 781 238 0099 (Burlington, MA)
+44 (0)20 7634 3300 (London)
+61 3 9670 5455 (Melbourne)

The Charles River Investment Management System (Charles River IMS) is a front- and middle-office suite for all security types and global, 24x7 operations. Each of the suite’s three components is also available as a standalone application:

• Charles River Manager offers tools for portfolio management including ‘what if’ analysis, modeling, portfolio rebalancing, and order generation.
• Charles River Trader provides order management, electronic trading, and liquidity access.
• Charles River Compliance offers global, real-time pre-trade, post-execution, and end-of-day compliance monitoring.

Charles River offers ASP and hosted solutions for Charles River IMS as well as remote system administration. These solutions can include Fix administration, daily message log monitoring, hardware hosting and infrastructure set up, troubleshooting and problem resolution, and ongoing database administration and system maintenance.

Website: www.cogencysoft.com

Contact: David Eaton: david.eaton@ferous.com

Tel: +1 617 648 0099

Cogency provides integrated management solutions for the alternative investment industry. Its applications are designed to give users access to data from numerous sources around the business, transform that data into useful insights, and present it in an effective context, enabling users to seize opportunities.

Hedge funds, funds of hedge funds, fund administrators, prime brokers, and asset managers use Cogency’s solutions to manage and scale their businesses. Cogency’s process, the Cogency Smart Enterprise Advantage, ensures that the firm’s clients see measurable results in three months – that, according to the firm, is the Cogency promise. Cogency’s technological platform allows user organisations to provide management and clients with consolidated views of portfolios, accounts, positions, performance, attribution and compliance information in a timely and accurate manner.

Website: www.dwsolutions.com

Contact: Christopher Aronis, vice-president, sales & marketing info@dwsolutions.com

Tel: +1 781 238 0900

Dataware Solutions’ PTAconnect provides a comprehensive outsourced ASP solution for firms managing personal trading compliance. PTAconnect is based on Personal Trading Assistant (PTA), an intuitive, browser-based application that automates compliance with regulations including SEC Rule 17j-1, Investment Company Institute recommendations, Sarbanes-Oxley, and a firm’s code of ethics. PTAconnect spans all areas of personal trading – pre-clearance authorisation through post-trade reconciliation and reporting – ensuring comprehensive compliance for any firm subject to personal trading regulations and mandates. Delivered securely via the web, PTAconnect delivers all the benefits of PTA without the need for expensive equipment or extensive internal IT support – all that is needed is a standard web browser. Serving the financial services industry since 1992, Dataware Solutions combines PTAconnect with regulatory, technical and support experience and world-class facilities.

Website: www.dstinternational.com

Contact: Kim Holloway, global sales director kim.holloway@dstintl.com

Tel: +44 (0) 208 339 5565

DST International’s (DSTi) application hosting capabilities covers its entire product range, including:

DSTi’s Front Office Solution, DSTi’s Investment Data Management Solution, DSTi’s Performance and Risk Solution, DSTi’s Investment Accounting Solution, DSTi’s Wealth Management Solution, DSTi’s Wrap Management Solution

ASP services are available for all of the components of DSTi’s Performance and Risk solution including performance, risk and fixed-income attribution. ASP services include: customised data integration, application hosting, market data, automated operations and application maintenance. DSTi also offers support services including account management, user support, and a help desk.

All components are available either on a standalone basis or combined. Clients send portfolio and transactional data to the ASP and DSTi manages the benchmark and other market data as well as running the calculations. Results are available via reports, downloads or enquiries via the internet.

Website: www.fastesp.com

Contact: Scott Kurland, senior managing director skurland@fastesp.com

Tel: +1 212-485-5127

Electronic Specialist is an institutional brokerage and technology firm offering a suite of high-powered trading applications at wholesale rates to the buy side. Each platform offers unique functionality tailored to individual client needs and trading strategies.

ESP offers clearing through a number of prime brokers or via RVP/DVP, often saving clients between 20%–50% on the cost of execution and clearance, through averaged priced trade settlement. The firm has a history of working with funds in the statistical arbitrage and quantitative space.

Trades executed through any of ESP’s integrated platforms are automatically captured, formatted and uploaded for clearing at the end of each day, with positions and execution reports available the next morning from the respective clearing firm. ESP’s back-office system also handles pre/post-trade allocations, instantaneous crossing, and commission assignments across a large number of managed accounts, if necessary.

Website: www.ezecastlesoftware.com

Contact: Sean Sullivan, senior vice-president Sales: sales@ezecastlesoftware.com

Tel: +1 646 3461140

Eze Castle Software (ECS) provides investment technology for hedge funds and investment managers. ECS offers Tradewinds, a secure ASP data transfer service for interfacing between third-party systems such as order management systems, prime brokers, accounting systems, virtual matching utilities, compliance applications and portfolio analytic systems. Tradewinds uses XML and XSL technology to receive, translate and aggregate data from multiple sources or funds and transmit data to third-party systems securely. Tradewinds is a vendor-neutral service and has established interfaces with over 70 third-party systems.

Tradewinds gives clients 24-hour file monitoring support: a dedicated team monitors data file creation, transfer, and confirmation. ECS’s Sentry .Net application also allows the Tradewinds team to monitor file transfer activity. Over 230 ECS clients use Tradewinds to consolidate and aggregate data from multiple sources.

Website: www.ffastfill.com

Contact: Steve Tucker, sales director steve.tucker@ffastfill.com

Tel: +44 (0)207 665 8900

FFastFill is a provider of application services to the global derivatives community utilising the latest developments in technology and automating trade flow processes across a firm’s front, middle and back offices.

FfastFill’s solutions encompass electronic order routing, clearing, risk management and back-office reporting as part of an integrated, yet modular system architecture. FfastFill’s application services provide institutions with cost savings in their administrative and IT departments and can reduce the investment costs associated with maintaining their own technology infrastructure. All FfastFill’s services are delivered against a contracted Service Level Agreement (SLA), which can be tailored to an institution’s requirements. FFastFill has over 100 staff across its service centres in London and Chicago and software development centre in Prague.

Website: www.fidessa.com

Contact: Matthew Paré matthew.pare@fidessa.com

Tel: +44 (0)207 929 9200

Fidessa Workstation sets a new benchmark in one-stop, fully managed data and trading systems. Supplied on a fully-hosted basis, Fidessa Workstation provides a comprehensive execution management tool for the buy-side community. The platform delivers managed connectivity to a broad range of brokers offering DMA (direct market access), algorithmic trading functionality and care order services. Fidessa Workstation supports inbound Fix order flow and offers integrated market data and order management functionality for the execution desk.

Fidessa Workstation is part of the Fidessa product suite from royalblue, which offers trading systems, market data and global connectivity solutions to all tiers of the financial community. Over 7,500 users around the world use Fidessa, with connections to over 130 buy-side firms, 80 brokers and 20 exchanges.

Website: www.f-tradeware.com

Contact: Alberto Fontana, managing director a.fontana@f-tradeware.com

Tel: +44 (0)20 7493 2773

Financial Tradeware is a provider of STP portfolio management and brokerage software for investment managers, hedge funds and independent financial advisors. The company was founded by a group of industry specialists and programmers with the primary goals of accelerating STP, improving organisational efficiency and reducing operational costs. Financial Tradeware has two product offerings: SWIFTPower – which automatically creates, validates, sends and receives Swift messages to/from Swift-enabled counterparties via an interface providing access to the Swift network; and UltraSuite – consisting of over 30 fully integrated applications focusing on front, middle and back office. UltraSuite’s architecture is developed on three levels using XML as its data communication protocol. It offers the highest flexibility and the option to access data remotely from any internet point at 128bit security. Push technology manages data through active user sessions within the middleware, allowing the real time automatic refresh of data and providing remote access via ASP.

Website: www.flextrade.com

Contacts: Rich McGraw rich.mcgraw@flextrade.com

+1 516 627-8993 ext. 236
Bertrand Rassat bertrand.rassat@flextrade.com

+44 (0)207 796 3002

FlexTrade’s ASP offering is known as FlexTraderexp, which offers users all the benefits of FlexTrader – FlexTrade’s algorithmic trading and order management platform – via a hosted solution, encompassing all facets of electronic and rules-based trading. FlexTraderexp, a pre-packaged product that offers users a variety of trading strategies, is desktop deployable; all users need is connectivity to FlexTrade’s network. Flextrade provides users with personalised programming assistance and consulting, to ensure they are able the most of what this system can offer.

FlexTraderexp offers: customisable algorithmic trading; real-time market data and depth of book; integrated smart router; unlimited broker, ECNs and destinations; pre- and post-trade analysis; pre-configured or customised views to control trading strategies; access to brokers’ proprietary strategies; secure trading extranet with complete back-up; disaster recovery site.

Website: www.fnx.com

Contact: Jane Beren, Aspen Hedge director jberen@fnx.com

Juan Gonzalez, business development, Americas: jgonzalez@fnx.com
Gregor Rominger, business development, Europe & Asia: grominger@fnx.com

Tel: +1 484 530 4400

Founded in 1992, FNX Limited provides STP solutions for the international financial community. FNX’s Aspen Hedge is a fully managed ASP designed for the buy side. As a complete trading and risk management solution, Aspen Hedge is designed to be the optimal system for multi-asset and new start-up funds. Supporting all asset classes from equities and FX to exotic options, fixed income and derivatives, it provides deal capture, P&L, analytics, risk management tools, interfacing capability and comprehensive security.

The company says Aspen Hedge allows fund managers to perform comprehensive portfolio management anywhere, anytime – with no technology investment required, and without the weight of the license and maintenance initial investment.

Website: www.fricorporation.com

Contact: Dino Gaudio, senior vice-president, sales and marketing dgaudio@fricorporation.com

Tel: +1 416 598 9500 x164

FRI Corporation, founded in 1968, provides asset, wealth, trading and risk management software to investment managers, hedge funds, mutual funds, plan sponsors, banks, exchanges, SMAs and insurance firms.

FRI’s Raison SPS is an integrated suite of front-, middle-, and back-office applications designed to support multi-currency, multi-lingual, multi-accounting, and multi-manager methodologies for trade decision, asset allocation, trading, compliance, settlements, reconciliation, performance measurement and attribution, invoicing, client reporting and fund accounting. Raison SPS is modular, flexible and scalable with data interfaces for easy deployment as a complete STP solution or in conjunction with a best-of-breed design. All applications are available on a licensed, facilities-managed or ASP basis.

FRI’s Securities Information Services include global real-time, end-of-day and intra-day securities pricing and bond valuations and exchange data with corporate actions, entitlements and security master.

Website: www.gisltd.com

Contact: Mary Pizzichino, director of US sales and marketing: mary.pizzichino@gilstd.com

Tel: +1 201-996-9300

Global Investment Systems is provider of specialised investment accounting software designed to manage the complex reporting, compliance and administrative demands of the securities and alternative investments industries. GIS’s products include MFACT, an integrated system that addresses all functions of mutual, pension, and hedge fund accounting and administration. MFACT supports firms’ investment management, portfolio accounting, daily NAV calculation, securities and foreign exchange, regulatory compliance and reporting needs.

MSHARE, is a shareholder accounting system that allows fund organisations to track and report the transaction activity of their shareholders. MSHARE supports the application needs of domestic transfer agency operations, as well as the multi-faceted, specialised requirements of offshore markets, including equalisation. GIS also offers the MPARTNER and MHEDGE product suites, which provide partnership accounting and tax reporting, managed futures funds, and fund of funds accounting functionality.

Website: www.idsnet.com

Contact: Barrett Foster, vice-president, sales barrett.foster@idsnet.com

Tel: +1 212 490 3040

Integrated Decision Systems (IDS) develops enterprise portfolio management solutions for the financial services industry, with over $4 trillion in assets under management on its systems. Since 1981, IDS’s focus has been on creating scalable, open architecture solutions that provide functionality for a dynamic and diverse marketplace, combined with systems support. IDS designs, develops and supports a modular product suite that includes: Global Investment Manager, GIM Wealth Management, GIM Prime Brokerage and the AIMR/GIPS compliant performance systems GIM Performance and CALiPER2.

IDS Services is the outsourced web version of Global Investment Manager and GIM Wealth Management. IDS products are in use at many brokerage firms, mutual funds, investment management firms and securities lending firms. The firm is headquartered in New York, its technology and support centre is in Los Angeles and it has sales and support staff in London.

Website: www.derivatives.com

Contact: Yvonne Dahl, director of sales sales@imagine-sw.com

Tel: +1 212 317-7686

Founded in 1993, Imagine Software is a provider of full-service hosted investment management solutions for the global financial industry. Its Derivatives.com is a real-time web-based derivatives trading, portfolio and risk management system that handles all asset types and multiple trading strategies. Developed for institutional investing companies of all sizes, it combines the market-proven enterprise functionality of the Imagine Trading System with the benefits of software on demand, straight-through-processing, corporate actions and holdings management, a complete security master, and access to independently maintained pricing inputs. The New York-based software specialist says Derivatives.com has quickly become the system of choice for many of the most successful alternative investment firms looking to manage assets and minimise market risks, with risk transparency and operational efficiency.

Website: www.indata.com

Contact: David Csiki, managing director dave@indataweb.com

Tel: +1 858 847-6562 or toll free +1 888 454-4060

Indata is a provider of enterprise software and ASP solutions for investment management firms. Indata Online (IOL), the firm’s Internet-based attribution and performance reporting ASP solution for institutional money managers, provides users with the ability to evaluate the time-weighted rates of return and attribution of portfolios, asset classes, sectors, industries, and securities in accordance with AIMR PPS Standards. IOL includes other useful analytical data including peer group universe comparisons, selected portfolio fundamental characteristics relative to user-designated benchmarks, third-party universe comparisons on a daily, weekly, MTD, QTD, YTD, and annualised basis by fund type, asset allocation, style, and capitalisation. IOL also provides an online reporting package, which includes a number of graphical and client-oriented reports that can be used for marketing or analytical purposes. Users can create their own client statements based on available reports and view report preferences online.

Website: www.investmentscorecard.com

Contacts: Keith Deerkoski, executive vice- president, sales: kdeerkoski@investmentscorecard.com

Tel: +1 800 555 6035

Investment Scorecard produces independently prepared performance reporting for financial advisers and their clients. The company electronically receives raw accounting data of individual portfolios, normalises the data for performance processing, calculates returns and presents performance returns shown against benchmarks in customised reports online. These reports, or Scorecards, show the institution and its clients how investors’ accounts have performed over time.

Distributed monthly to advisers’ desktops via the web, Scorecards allow advisers to attack areas that may be under-performing and focus on areas of superior performance. The service is available online directly to investors at the adviser’s discretion. The firm was founded in 1995 and provides reporting services to more than 600 financial institutions.

Website: www.latentzero.com

Contact: Gail Romano, global marketing gromano@latentzero.com

Tel: +1 617 235 1020

LatentZero is a global technology and implementation firm specialising in front-office solutions for the asset management, insurance, central bank and buy-side communities. The firm’s product suite, known collectively as Capstone, is used by six of the world’s top 10 asset managers. More than 3,500 portfolio managers, traders and compliance officers use Capstone to manage assets in excess of $7.5 trillion. Capstone comprises three products: Tesseract (portfolio analysis, modeling and decision support), Minerva (order management and trading) and Sentinel (pre- and post-trade compliance). Each can be implemented separately.

The product archirecture supports real-time data throughout the system, including real-time variations in portfolios. Managers can track P&L associated with individual decisions and their contribution to returns. LatentZero offers access to sources of liquidity through algorithmic trading services and connections to multiple ECNs using the Fix protocol.

Website: www.linedata.com

Contacts: Icon ASP: Richard Scott, UK head of sales: uksales@linedata.com

Tel: +44 (0) 207 360 1927

LongView ASP: Alan Price, global head of sales: alan.price@na.linedata.com

Tel: +1 617 912 4835

Linedata Services’ Asset Management division provides global technology solutions to the financial services industry. Recent acquisitions and product developments continue to highlight Linedata’s leadership in delivering ASP-based solutions to the market.

In 2002 Linedata acquired Icon ASP from Thomson Financial. Icon is a back-office investment management, fund administration, valuation and reporting solution offering real-time, multi-currency, accounting and NAV calculation. Icon ASP provides cost-efficient access to the Icon system; customers maintain responsibility for the day-to-day business operations and Linedata hosts the technology and handles the system administration.

In 2004 Linedata launched LongView ASP, a hosted version of the firm’s flagship LongView Trading platform, making its best-of-breed order management, electronic trading and compliance functionality accessible to smaller asset managers and hedge funds. Implementation projects are currently underway for clients in the UK and US.

Website: www.macgregor.com

Contact: Cindy Simonides, sales operations manager csimonides@macgregor.com
or sales@macgregor.com

Tel: +1 617-239-8761

For the past 14 years Macgregor® has been helping asset managers and hedge funds improve the speed, accuracy and efficiency of their trade executions. The Macgregor XIP™ Order Management Network™ (OMN™) is a multi-asset class solution that combines portfolio management, compliance, trading and post-trade applications with an integrated and supported financial services IP network. Supporting both Fix and non-Fix messages, XIP provides access to more than 275 broker/dealers, 11 algorithmic trading tools and every major ECN and alternative trading system. For sell-side firms, custodians and other service providers, XIP offers a mechanism for delivering pre-trade, trade and post-trade services to our buy-side users’ desktops.

Macgregor has offices in Boston, New York, London and Madrid and has a client base of approximately 400 user-organisations.

Website: www.markit.com

Contact: Nicola von Schroeter, sales Europe nicola.vonschroeter@markit.com

Tel: +44 (0) 1727 734217

Craig Marthinsen, sales North America craig.marthinsen@markit.com

Tel: +1 212 931 4900

Katsumi Mizutani, Sales Asia katsumi.mizutani@markit.com

Tel: +813 4360 8280

Markit is a provider of asset valuation data and services supporting independent price verification and risk management in global financial and energy markets. Founded in 2001, the company is an independent enterprise with which the world’s leading financial institutions and energy traders work strategically to create price transparency. Today, Markit enjoys the sponsorship of 13 financial institutions who manage assets in excess of $10 trillion, and data contribution relationships with over 45 dealing firms. Markit has designed, launched and acquired over 20 financial data services, which are now used by over 300 institutions globally. Areas of expertise and service include an independent valuation perspective on corporate bonds, syndicat