Athena Systems announced today the rollout of a cloud-based platform to help new launches meet current and emerging DDQ requirements necessary to compete for assets with more established funds. The pricing model of this platform is tied to a fund’s AUM so that it will be initially affordable to a launch.
Standard features of this quick-to-implement platform include:
- Pricing and Security Data
- Position, P&L, trade, compliance, risk, cash, recon, accounting (limited), etc.
- Electronic Trading with pre-certified Broker/EMS connections
- Coverage of Global Equity, CFDs, Options, FX, Forwards, Futures and Vanilla FI
- SSAE-16 Certified Hosting and Disaster Recovery
Senior Account Manager Ross Grant states: “In 2016, smaller hedge funds and new launches continue to face significant headwinds. In the fierce competition for assets, there is an underlying pressure to develop solid organizational and operational structures worthy of the “institutional quality” moniker. Those factors, combined with regulatory and compliance directives, weighs heavily on a new launch.
What Spark offers is an affordable, all inclusive, solution targeting new launches. We provide the transparency, reporting, and compliance investors look for in determining where to allocate assets. Spark allows new launches to run lean but still meet the requirements necessary to attract new investments. Our cost structure is scaled to grow with AUM and as such, our product strategy aligns itself with a funds objective. I believe the value proposition we offer fills a gap in the industry.”