Standard & Poorâs, a leading provider of financial market intelligence, announced it will make its industry-leading credit ratings available through Paladyne Systemsâ technology platform for the hedge fund industry, underscoring the growing industry demand for credit ratings information.
Paladyne Systems, a leading solutions provider for the hedge fund industry, will enrich its front-to-back office product suite with Standard & Poorâs Issue and Issuer Credit Ratings. By offering Standard & Poorâs credit ratings data, Paladyne Systems will be able to service the hedge fund sector with insightful real-time market updates.
âOur agreement with Paladyne Systems to provide credit ratings through their technology suite will enable hedge fund managers and other investors to have key credit data immediately available to support their investment decisions,â said Caroline Cassar, Global Director of Product Management for Standard & Poorâs. âPaladyne clients can thus provide more information to investors and market participants by having access to S&Pâs extensive credit ratings as part of Paladyneâs front-to-back office workflow.â
The PALADYNE product suite includes order management, real-time profits and losses and portfolio management, portfolio accounting, custom reporting, data warehousing and analytics, and reference data management. By offering S&Pâs Issue and Issuer Credit Ratings within its hosted product suite, Paladyne can further enhance its support to the industry with seamless and real-time access to data in order to meet the demanding operational and decision-support requirements of todayâs hedge funds.
âPaladyne is excited to be able to offer Standard & Poorâs ratings, which helps make our hosted suite a comprehensive one-stop solution for the hedge fund industry,â said Sameer Shalaby, Chief Executive Officer of Paladyne Systems. âBy teaming with S&P, we are able to continually expand the overall functionality of our turnkey platform and provide our hedge fund clients with comprehensive credit market data.â