TradingScreen Launches "Hedge Fund in a Box" Solution

TradingScreen has unveiled a software-as-a-service (SaaS) tool that will allow alternative asset managers to deploy the solutions needed to run a hedge fund, such as position collection, and risk, compliance and pricing services.

The solution, dubbed TradePrime, includes real-time, in-memory global position keeping; models for realized and unrealized P&L; hierarchical levels for position and P&L; a multi-prime reporting package; risk measurement; automatic rebalancing; end-of-day pricing services; and a reconciliation service.

"The comprehensive OMS functionality in TradeSmart keeps our customers several steps ahead of the trend of OMS and EMS convergence," says TradingScreen CEO Philippe Buhannic. "Large alternative asset managers are responding to regulators' and investors' demands by introducing increased risk management, reporting and compliance, which needs to be done in a simple and effective manner. TradingScreen has worked extensively during the last three years with buy side partners to develop a series of tools that replicate this new workflow. We are very happy with the reception of this breakthrough concept that surpasses our expectations and testifies to the need for a better approach to these issues."