Point Nine Financial Technologies signs up London arm of a major Swiss based hedge fund for multi – asset Middle Office services

London, UK - 18 September 2007

Point Nine announced today it will handle all post trade processing across the entire product suite including equities, interest rates, loans, FX, options, futures and credit derivatives of one of the UK’s leading multi asset hedge funds.

This represents part of Point Nine’s continued development of its Middle Office business as more and more hedge funds seek to relieve themselves of the burden of maintaining an expensive middle office in house.

The client executes the trade and simply sends the recap to Point Nine who handle it from there on. The client is notified to authorise payment after reconciliation. The client’s involvement is minimal and usually necessary only in the event of a mismatch, whilst Point Nine takes care of the manually intensive processes of integration with prime brokers, fund administrators and the DTCC. Point Nine’s solution offering significant cost saving and streamlined processing

“This service leverages our expertise in the multi asset market because you have to be able to handle the complex as well as the vanilla instruments to provide a full service.” Comments Len Fricker of Point Nine.

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