Linedata opens office in Canada as it continues its global expansion and growth
Linedata (NYSE Euronext: LIN), the global leader for investment management and credit solutions, today announced it opened a new office in Toronto, Canada, further expanding its presence in North America. Located in the heart of the financial district in the TD Canada Trust Tower, this new office establishes Linedata’s growing commitment to hands-on support for the Canadian market.
“Linedata continues to expand its North American presence with 180 employees supporting over 250 clients in the North American region. In particular, we’ve seen rapid growth in the Canadian market as asset managers look to improve trading and portfolio management procedures to support their own business expansion,” said Annie Morris, Managing Director of Linedata North America. “This market is of vital importance for us, making it imperative to build strong relationships on a local level as the region boosts its investment in financial technology.”
According to a recent report, ‘Canada Survey: Partnering in Technology and Services,’ by research firm Aite Group, Canadian asset managers will spend heavily on electronic trading systems in 2011. Linedata has seen this firsthand with its Canadian client base growing since early 2010, and its award-winning portfolio accounting, trading, compliance and reporting applications supporting Canada’s leading hedge funds and asset managers. Many Canadian firms are now focused on achieving market differentiation, growth and driving profitability and will look to proven and trusted financial technology and service partners like Linedata to assist them in reaching these goals.