Abacus and Orchestrade have partnered to integrate a full cross-asset platform and risk monitoring systems for hedge funds. This will allow hedge funds to measure and monitor real time P&L, positions and risk while managing the full trade life cycle.
Richard Ferrari, VP Business Development of Orchestrade, said, "We believe that with the increased pressures of regulatory compliance and greater transparency to their investors, hedge funds need more than ever robust systems to help them. Until now the choice has been limited to older legacy systems but these have proven to be to cumbersome, complex and costly for the vast majority of fund managers.”
Orchestrade has worked closely with Abacus to make its full cross asset platform available on the AbacusFLEX platform, enabling hedge funds of all sizes to quickly and easily start using the system.
Chris Grandi, CEO of Abacus, said, "By offering Orchestrade through AbacusFLEX, hedge funds will be able to access this industry first solution in an efficient, cost effective manner."
