Tradar delivers strong global growth in 2010

London - 17 May 2010

Tradar, a leading provider of portfolio management and accounting solutions to the buy-side globally has announced a significant uplift in client numbers in the first half of 2010.

Since Tradar appointed Gerry Gualtieri as CEO in November 2009, the company has grown at a remarkable rate, seeing an increase of 12 percent in its client base, supporting a longer-term trend that has been evident for a number of years.

Tradar is firmly established as a global provider with a balanced spread of new clients across Europe, Asia and the US. Growth was also distributed across the type and size of fund that Tradar supports with a notable surge in the ETF market.

In recent months Tradar has set in train a number of product development initiatives that will reach fruition shortly, as well as recruit new talent to help drive the business forward and expand its global footprint.

Commenting on Tradar’s success Gualtieri said: “We have a strong heritage in this market and our people really understand the challenges that clients and prospects are facing. Our technology is straightforward to implement and because it is highly scalable and extremely flexible we are attracting start-ups, as well as established funds, who are looking to procure a solution with a low total cost of ownership that will help them remain compliant and transparent while capitalising on the burgeoning recovery.”

Tradar’s InsightTM incorporates order management, trade capture, prime broker reconciliation, pricing, reporting and performance attribution features to give fund managers and middle office staff a real-time understanding of their positions and exposure. The solution includes customised reporting for complex strategies and all instrument types and is interoperable with other fund service providers. The current solution has evolved organically over more than a decade, ensuring that it combines robust scalability with new innovation.

Gualtieri concludes: “We are going through an exciting period of development. We will soon be moving into new London headquarters in the heart of the City and taking extended office space in Hong Kong. We are also embarking on a re-brand that provides us with the opportunity to communicate our position as a truly global technology provider. We have recruited senior sales and marketing professionals to join the team, but at the same time, Tradar will maintain its emphasis and resource allocation on product development and support, areas that have underpinned its success.

Tradar will be attending the SIFMA technology conference on June 22nd -24th in New York.

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