LONDON (HedgeWorld.com)–Beauchamp Financial Technology’s flagship hedge fund portfolio management system will now have the added benefit of access to Credit Suisse First Boston’s Advanced Execution Services, according to officials.
All trades executed via CSFB will automatically be booked into the Beauchamp portfolio database for mutual clients of the two companies.
The addition will be made in the forthcoming release of the TradeManager FIX connectivity module for FundManager, Beauchamp’s popular hedge fund portfolio management tool. Beauchamp clients will have access to CSFB’s global electronic trading services and direct market access in addition to CSFB’s algorithmic trading product.
According to a statement from Richard Balarkas, managing director and global head of sales within the CSFB Advanced Execution Services unit, the deal will be beneficial to CSFB and Beauchamp’s mutual clients.
“We look forward to providing Beauchamp’s clients with a new competitive advantage: our next generation trading blotter, complete with electronic trading with traditional brokers as well as those offering direct market access and algorithmic services, such as CSFB,” said Clare Flynn, Beauchamp’s president, in a statement.
The majority of Beauchamp’s clients are hedge funds. For its FundManager software, the firm has gained more than 150 clients in three years. Those firms manage more than US$50 billion in assets. Beauchamp’s software suite is used throughout the trade cycle from order management through to custody and settlement.
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