London, 09 September 2004 - Linedata Services, a leading provider of software and services to the global financial services marketplace, today announced that F&C Management Limited (F&C), a leading pan-European asset management company, has extended its use of LongView Trading to manage its Fixed Income business, as well as Equities.
F&C Management Limited (F&C) currently manages over €81.8 billion* (£54.9 billion) in assets for both institutions and individuals world-wide. F&C (London) have used LongView Trading since 2000 for managing their equity products, and were looking to consolidate their systems on a single platform.
Alan Line, Director and Head of Dealing at F&C, explained, "Like all businesses, we constantly look at ways to improve our processes. We aim to achieve the maximum efficiency and, ultimately, deliver the best possible service to our customers. We already use LongView Trading to manage our equities and we are happy with both the software and the relationship. We were keen to use a consistent platform and system across our trading business, so it made sense to look at LongView with a view to managing our Fixed Income instruments.
"After evaluating the Fixed Income functionality within LongView Trading, we found that it was able to meet our requirements. Bringing our systems together means that we are well-positioned to bring new integration across all asset classes. We are now looking forward to automating the trading of fixed income assets via FIX as we have already done successfully with Equities."
Paul Roberts, Chief Operating Officer at Linedata Services (UK) Ltd, commented, "We are delighted that F&C have decided to replace their existing system for managing its Fixed Income business with LongView Trading, our market leading trade order management solution. As FIX 4.4 is at the forefront of most institutional investment managers’ minds at this time, it is good to see another customer looking to progress with Fixed Income and FIX connectivity."
As a member of the FIX Committee, Linedata Services is committed to providing automated trading through its LongView Trading order management solution and addressing industry requirements both now and in the future.
* As at June 30th 2004