Comada’s M.A.T.ware supports Custom House Phase Two CHARIOT launch

London - 17 May 2011

Second phase of web-based dealing platform offers more advanced features to hedge funds and their investors.

Comada, the award-winning provider of transaction-based technology solutions to the alternative investments industry, is pleased to announce that its M.A.T.ware technology has successfully supported the roll-out of the second phase of the CHARIOT Web Dealing Platform by Custom House Global Fund Services this week.

Using its proprietary M.A.T.ware technology, Comada helped Custom House to launch CHARIOT in April 2010. CHARIOT is a robust web-based investment platform that enables investors to subscribe and redeem funds that Custom House administers. The launch of the second phase of CHARIOT brings new enhancements for Custom House clients, allowing investors to also deal in funds that are subject to an equalisation process.

Said Rupert Vaughan Williams, Co-Founder of Comada: “Using M.A.T.ware technology Custom House continues to set new standards for hedge fund investing. The ongoing success of CHARIOT is soundly based on the integration commitment of both groups We have been very pleased with the way it was possible to mesh M.A.T.ware with Custom House’s existing systems, and we welcome the live deployment of CHARIOT’s second phase to Custom House customers.”

Said Mark Hedderman, Chief Operating Officer of Custom House: “Here at Custom House we are committed to a culture of innovation for our hedge fund clients. We chose to work with Comada because of the group’s ability to deliver solid, institutional grade technology which would meet our own high standards of security and investor confidence.”

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