NEW YORK, NY and LONDON and HONG KONG--(Marketwire - November 17, 2010) - Paladyne Systems, Inc., the leading provider of next generation investment management solutions, today announced the release of Paladyne Security Master™ 7.0 and Paladyne Price Master™ 7.0, the major components of Paladyne's industry-leading reference data management suite. This release introduces many new product features and extends many areas of existing functionality.
Today, Paladyne's reference data management products are used by over ninety (90) clients worldwide, including many of the world's largest banks, hedge funds, and asset management firms.
Major new features in Paladyne's reference data management suite include:
- Custom Interface Designer -- users may customize the user interface to support client specific data and workflow requirements.
- Investment Type Designer -- users may dynamically create new security type definitions including custom fields and schedules, corporate actions, issuer relationships, etc.
- Validation Manager -- users may create client specific validation rules for saving and posting securities to support custom workflows.
- Field Level Record Locking -- users may lock data fields from updates and manage how updates are distributed.
- Web-based dashboards and custom reporting tools for data monitoring and firm-wide reference data management.
- Enhanced Daily Tasks Manager -- users may monitor and process all corporate actions and portfolio events (e.g., swap resets, expirations, payments, etc.) from a centralized dashboard.
- Curve Manager -- users may create and manage curves (e.g., Credit, Yield, Forward, etc.), to support security valuation and risk requirements.
- Security Group Manager -- rules-based engine for defining and dynamically maintaining security classifications and custom groupings for trading, risk, research and compliance needs.
- Certified product adapters to latest releases of Paladyne Portfolio Master™, Advent's Geneva® and Axys®, SunGard's VPM™ and Front Arena™, Charles River Development IMS™, Eze OMS®, etc.
Quintillion, an independent fund administration company based in Dublin, Ireland, was among the first clients to upgrade to the latest version of Paladyne's reference data management suite. "The recent enhancements of Paladyne's reference data management suite has allowed us to considerably improve the efficiency and effectiveness of our pricing and data management process, eliminate manual intervention, and reach daily deadlines much earlier than was previously possible," said Joan Kehoe, Chief Executive Officer. "We have been very impressed by this major release and the speed at which we were able to implement it."
"It is very satisfying to know that the Paladyne reference data management suite has become the accepted standard throughout the financial services industry," said Sameer Shalaby, CEO of Paladyne Systems. "This latest version builds on our suite's already comprehensive functionality and focuses on ensuring that the entire data management process is as automated and efficient as possible."
About Paladyne Security Master™
Paladyne Security Master™ is a reference data management solution that allows firms to create one global repository or "Golden Copy" for security prices, market data, terms and conditions, and corporate actions that can be populated from multiple data sources (e.g., Bloomberg®, Thomson Reuters®, and Markit®). Additionally the solution is tightly integrated with many of the leading financial technology applications such as Paladyne Portfolio Master™, Eze OMS®, Charles River Development IMS™, Advent's Geneva® and Axys®, SunGard's VPM™ and Front Arena™.
About Paladyne Price Master™
Paladyne Price Master™ is a centralized pricing and market data solution developed to support the complex pricing and valuation requirements of today's investment managers. Paladyne Price Master™ collects and stores pricing data from multiple sources (e.g., data vendors, broker files, spreadsheets, and text files) and provides a flexible user interface for analyzing prices and defining pricing rules to comply with firm-wide pricing policies.
About Paladyne Systems
Paladyne Systems, Inc. (www.paladyne.com), is the leading provider of next generation investment management solutions. Paladyne offers its integrated front-, middle- and back-office platform, known as the Paladyne® Suite, to hedge funds, asset managers, fund administrators, and prime brokers. The modular Paladyne® suite includes order management, portfolio management, reference data management, data warehouse reporting and reconciliation, and is complemented by the Paladyne Network™, which is comprised of a number of preferred strategic partnerships with leading software and market data firms. The solution can be delivered onsite or via Paladyne's industry-leading application service provider solution, Paladyne ASP™. Paladyne was established in 2005 and now serves over 125 clients worldwide. The firm has approximately 160 employees, and is headquartered in New York, with regional offices in New Jersey, London, Russia, and Hong Kong.
Contact Information:
CONTACT:
Paladyne Systems
Sales Contacts
Neil Sullivan
Paladyne US Sales
+1 (646) 214-3726
nsullivan@paladyne.com
Eric Royer
Paladyne Asia-Pacific Sales
+852 6206 9153
eroyer@paladyne.com
Jonathan Cross
Paladyne EMEA Sales
+44 (0) 20 7153 4958
jcross@paladyne.com
Media Contacts
Lisa Jane O'Neil
1-212-786-7629 or 917-361-8303
lisajane@ljoassociates.com