AIM Software has released a new fund pricing platform with the European Fund Administration (EFA) based on AIM’s GAIN Portfolio Pricing application.
EFA currently has 2,682 funds that represents over €104 billion under administration. The software from AIM will strengthen EFA’s data management strategy.
GAIN Portfolio Pricing forms the centrepiece of EFA’s flexible fund pricing solution, which will identify and process pricing information from a wide range of sources, including Bloomberg, Thomson Reuters and SIX Financial Information.
The system will allow EFA to define selection and validation rules for each fund or portfolio that will build a library of best practical rules that comply with regulatory frameworks for net asset value calculation.
Frederic Bilas, director of operations at EFA, says: “The new application allows us to further differentiate by being able to offer a high degree of customisation, to integrate regulatory evolutions, and to respond flexibly to changing client needs in a highly competitive market environment.”
Director of information technology and organisation, Jean-Marc Verdure, says: “The manual controls have been dramatically improved enabling the accountants to concentrate on the real issues. They can manage the entire pricing process through a single central platform gathering all the relevant data.”
“This platform helps them to take the appropriate decisions in order to guarantee the representativeness and the independence of the selected prices as well as the traceability of this selection process.”
