SAN DIEGO, CA, November 15, 2004 INDATA, the industry-leader in advanced enterprise software solutions for investment management firms, today announced that J.M. Forbes & Co., based in Boston, MA is live with the INDATA Precision Trading system.
Precision Trading provides "what if" modeling, compliance, and trade order management based on an interface with SunGard's Trust accounting solutions, utilized by Banks and Trust managers. The INDATA Precision Trading system provides SunGard clients with a seamless interface and the potential for additional INDATA modules for performance reporting and attribution.
"After a review of portfolio modeling and trade order management systems in the marketplace, our portfolio management group selected INDATA based on its functionality and cost," commented David Warner, Partner, J.M. Forbes & Co. "Now that the system is in place," continued Warner, "we can better automate our trading environment," he added.
"For SunGard clients like J.M. Forbes & Co., there is a definite need for "what if" modeling, compliance, trade order management and performance reporting and attribution capabilities," commented David Csiki, Managing Director of INDATA. "Based on our interface, SunGard customers looking for these capabilities can turn to a single solution from INDATA, all at a significant cost savings from the multiple vendor approach. We are very pleased add J.M. Forbes to our fast growing list of clients," he added.