Paladyne Systems has released its order management system (OMS) as a standalone product for hedge funds, asset managers and prime brokers.
Paladyne OMS was previously bundled as part of Paladyne Portfolio Master, but the firm believes that clients will welcome it as a standalone product.
Sameer Shalaby, president of Paladyne Systems, said: “We have actively been providing OMS capabilities to several hundred clients for many years, but have never marketed our product set as a stand-alone OMS product. We believe that our functionality and pricing model will be very welcome in the market, and provide a logical upgrade path for funds and asset managers as their needs expand.”
“One of our key differentiators particularly attractive to our clients and distribution partners is that we offer complete broker-neutrality and do not compete with our clients on any level of trade execution. Paladyne OMS streamlines the entire workflow for hedge funds and asset managers from traders and portfolio managers in the front-office through smoothly handling profit and loss and risk management middle-office processes,”
Paladyne OMS provides a model for the front- and middle-office that combines broker-neutrality, support for multi-asset classes, multi-prime and multi-currency trading and order management.
It offers a cost-effective, flexible and scalable solution for managing the complete trading environment, and provides consolidated position, risk and management tools across all portfolios, strategies and products.
Clients in Asia, Europe and the US have already deployed Paladyne OMS as a standalone product.
