Custom House Global Fund Services has launched Phase Two of the CHARIOT Web Dealing platform, which breaks new ground in hedge fund administration practices.

Developed in partnership with financial technology specialist Comada, the CHARIOT Web Dealing Platform uses cutting edge technology to allow qualified investors to deal online into funds administered by Custom House. The facility is designed to increase efficiency in the subscription and/or redemption process saving vital time and, importantly, virtually eliminating the risk of trading error.  The combination of best in breed technology coupled with Custom House’s rigorous internal controls has created a platform which is easy to use while also being safe and completely secure.
 
This new platform gives investors the ability to easily make additional investments into Custom House administered funds and the platform thus becomes the latest in a long list of efforts by Custom House to provide resources geared towards helping clients grow their assets under management.
 
Phase one of the CHARIOT Dealing Platform was introduced in April 2010.  Phase Two, which incorporates significantly more complex technology than phase one, goes live today and will enable investors to deal in funds that are subject to an equalisation process.
 
Dermot Butler (pictured), Chairman of Custom House says: “One year on from the introduction of phase one of the CHARIOT Dealing Platform, we are delighted to launch Phase Two. Whereas Phase One was in itself a leading edge product, phase two is a quantum leap in complex technology enabling as it allows seamless dealing in equalised funds”
 
Mark Hedderman, Chief Operating Officer of Custom House says: “With the Phase Two launch of the CHARIOT Web Dealing Platform, our clients now have the ability to offer their investors an unparalleled level of control coupled with security over the dealing process.”
 
Rupert Vaughan Williams co founder of Comada says: "This represents a new standard for hedge fund investing. This success stems from the commitment of both groups to totally integrate our MATware transaction technology to enable seamless web dealing on the Chariot platform."