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View Article  Asset Control upgrades data management system
Source: Asset Control, 28 May 2008

Asset Control, a world-wide leader in financial data management solutions, announced today that it has enhanced its TAPMaster data management solution by introducing support for portfolios, swaps and money market derivatives, and support for Markets in Financial Instruments Directive (MiFID) reporting data.

Additional enhancements to TAPMaster include data connectivity to Princeton Financial Systems' PAM portfolio accounting system, and capturing real-time tick data from the Reuters pricing data network.

Asset Control has also been recertified by Microsoft Corp. for the third consecutive year as a Gold Certified partner, the highest level in Microsoft's international partner program, having met Microsoft's stringent requirements for staff certification, product tests and customer reference checks to maintain its Gold Certified status.

Phil Lynch, Asset Control's president and chief executive officer, said, "The need to provide support for a firm's own portfolio data is becoming increasingly important to buy-side institutions. TAPMaster ...   more »

View Article  Allustra announces new capabilities for its Collateral Management Software
This is rather an odd press release as it is pretty short on detail, but as Collateral Management is becoming increasingly important (indeed the FSA stated at the start of this year that they would be keeping a close eye on it this year) and given the lack of too many software solutions out there (and I think Allustra's is one of the best) I thought I would include it for you:

29 May 2008

In their pursuit of greater returns, investment managers are increasingly turning from traditional long-only to “130/30” strategies, which focus on using the proceeds of short selling (the X%) to fund additional long positions (the 100+X%) within portfolios. The implementation of such strategies for funds not only changes their risk profile in a major way but also introduces extra degrees of operational complexity, new infrastructure requirements, and new levels of understanding.

Most significantly, this creates the ...   more »
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