PARIS, April 12, 2011: Linedata, the global solutions provider dedicated to the investment management and credit industries, today announced the launch of Linedata Trader+, its new trading platform which incorporates not only advanced trading tools with execution management features, but also includes pre-trade compliance, commission management, integrated pre-, intra- and post-day TCA, full trade history, streaming market data and global connectivity to over 400 brokers all in one seamless solution.
According to research by The Tabb Group, 40% of buy-side traders would like commission management capabilities and 37% want compliance tools available within their trading environment. “Firms are gravitating toward a single system that best suits their needs,” said Larry Tabb, founder and CEO of The Tabb Group. “Having these key features available in a single platform provides additional speed and efficiencies which are otherwise lacking in a trader’s current workflow.”
Eliminating the need to access multiple trading systems, Linedata’s next generation trading tool provides traders with the complete and comprehensive solution needed to implement smart trading decisions in a single view. Traders can not only see the market, but they can act on it in an intuitive platform.
Offered as an ASP or deployed solution, Linedata Trader+ streamlines the trading process with its integrated pre-trade compliance checks, execution management tools, broker restriction rules and global connectivity. Integrated with the fully managed Linedata Lynx service, Linedata Trader+ offers market access to 400+ global brokers and 50+ partners (ATS, dark pools, broker algo’s etc.). Linedata Trader+ provides a flexible workspace and integrated workflow for an intuitive and immersive user experience.
“As firms look for additional functionality and face increasing global regulatory concerns, they require innovative tools that will fully position them to take advantage of market activity and reduce their risk,” adds David Hagen, Vice President, global trading technologies at Linedata. “Linedata Trader+ was developed by traders, for traders, using the latest generation of technology. It truly gives traders full control of their environment without the need for multiple trading systems.”
Linedata remains committed to meeting the needs of its clients across the globe and continues to work closely with them on understanding the market needs. Anvaraly Jiva, founder and CEO of the Linedata Group, states, “We continue to invest in developing our global product range. With the introduction of Linedata Trader+ to the market as a first of its kind solution, we continue to innovate and deliver best of breed solutions that anticipate clients’ needs and position them for continued growth.”
ABOUT LINEDATA
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 800 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the set up of ASP infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 136.2 million in 2010. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.
Linedata provides comprehensive front-to-back solutions and services to manage all types of investment processes, from pre-trade to post-settlement, across a wide range of firms, including institutional portfolio and collective management companies, hedge funds, prime brokers, fund managers, transfer agents, corporate savings fund managers, and subsidiaries of banks or independents.