INDATA, a leading industry provider of software solutions for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office announced today that Green Alpha AdvisorsÂ®, based in Boulder, CO, has selected the INDATA IMS solution.
After conducting due diligence on a number of vendor solutions, Green Alpha selected INDATA based on a variety of factors including strength of trade order management platform and availability of hosted-ASP model.
âWe chose the INDATA system because it offered best of class OMS functions on par with some of the stand-alone OMS solutions we had used in the past from other vendors,â commented Jeremy Deems, Co-Founder and Chief Financial Officer of Green Alpha Advisors. âIn addition, the fact that INDATA offers a hosted solution was very appealing since this creates a number of operational and compliance efficiencies by not having to focus on the in-house IT considerations related to the system.â
âINDATA is one of very few broker-neutral OMS providers and the only FIX network neutral OMS solution,â commented David J. Csiki, Managing Director, INDATA. âThis combined with our hosted-ASP offering provides a compelling solution that has been adopted by many leading asset management organizations. We are very pleased to add Green Alpha Advisors to our fast growing list of clients,â he added.