SIBOS 2004, Atlanta, 11th October 2004 - Financial Tradeware (booth D079), provider of portfolio and fund management Straight Through Processing solutions, today announced the general availability of it's flagship product, Ultra.net(tm), at SIBOS 2004.
Ultra.net(tm) is a suite of fund and portfolio management applications that automates front-, middle- and back-office operations for small to medium sized investment management firms. The solution, which is based on a .NET platform, is the result of over 12 month's collaboration between Financial Tradeware and Microsoft development teams.
Existing Financial Tradeware clients that have recently gone live on Ultra.net(tm) include Eurasian Portfolio Management (EPM) in Switzerland; European Investment Management (EIM) in the Bahamas and Europienne de Gestion Privie (EGP) in France).
Ultra.net(tm) has been designed to integrate real-time trading and execution via FIX connectivity; back office administration for SWIFT settlement and real time accounting and compliance in order to maximise Straight Through Processing.
* Full automation and integration of Real-time Trading, Clearing, Settlement, Payments, Reconciliations, Compliance and Accounting,
* Direct Interface with SWIFT Alliance
* Post-trade execution and reporting using FIX protocols
* Links to Bloomberg and other major data providers for the data feed
* Remote access for trading and monitoring
* Investment Funds management including real time calculation of NAV
Alberto Fontana, Managing Director of Financial Tradeware comments: "We have been working with a specialist team of 12 Microsoft software designers for over one year in order to migrate our entire product suite to a .NET infrastructure. We are therefore very pleased to announce our flagship product suite is now generally available. Ultra.net(tm) will allow the smaller players in the investment management market to gain access to competitively priced technology that will increase their efficiency and reduce operational risk. The key here is that our solution has been designed specifically with the needs of small to medium sized investment managers in mind."