TradingScreen Inc., a provider of Liquidity , trading and investment technology via software-as-a-service (SaaS), and MainstreamBPO Pty Ltd., an Australian fund administrator, have signed a partnership agreement to connect their systems in order to provide their common clients with front-to-back fund servicing.
TradingScreen's TradePrime, its execution, order and portfolio management offering, will be integrated with FundBPO, MainstreamBPO's platform, and deployed to Asia Pacific asset managers. This will allow asset managers to outsource their entire trade management process--execution, compliance, risk, reconciliation and reporting--to the two partners.
"In their quest for alpha generation and cost savings, asset managers continue to seek cutting-edge, outsourced multi-asset class solutions that cover the full trade life cycle. This partnership agreement has already been endorsed by our clients in Asia. It allows them to concentrate on trading and avoid lengthy and costly implementation," says Nathan Walker, head of sales for South East Asia and Australia at TradingScreen Inc.
TradingScreen's Forex solution, TradeFX, simplifies access to the markets using SaaS technology. In a single window, the buy-side trader can access the entire liquidity available using a streaming, RFQ order-book or algorithmic model. TradeFX also enables the buy-side trader to dynamically hedge secondary FX exposure generated by multi-asset class trading within the platform.
"We are very pleased with our relationship with TradingScreen and the expansion of our value chain to include now full front office to back office fund services. By integrating with TradingScreen's TradePrime platform we are able to achieve complete straight through processing at an affordable cost to our clients," said FundBPO Chief Executive Officer Martin Smith.
