Quintillion, an independent hedge fund administration firm, has integrated its trade workflow system Q Acquire with Beauchamp FundManager, Linedata Services' flagship hedge fund management platform.
Quintillion's trade workflow delivers a process driven solution to the administrator trade interface, automatically building any OTC derivative security masters or other static data in the portfolio and accounting system, loading trade information and resolving trade exceptions.
Quintillion's integration with Beauchamp is facilitated via a standard format daily trade file containing details of the relevant trade as well as the underlying economics of the OTC position from Beauchamp.
On receipt of the trade file, the workflow is scheduled to automatically build any new OTC security masters within Quintillion's accounting system before the trade is booked, thus eliminating the need for any manual intervention. At this point, any additional OTC trade economics from Beauchamp are mapped to Quintillion's accounting system.
'Hedge fund managers want to focus on trading and managing their strategies. Linedata's front to back solutions are designed with this in mind. Beauchamp's integration with Quintillion enables automation and reduces operational risk, allowing fund managers to focus on their core business,' says James Pinnington, commercial manager at Linedata Services Northern Europe.
'The Beauchamp interface with Quintillion delivers both the settlement details of the trade itself as well as critical underlying economics of single and multi-name credit derivatives as well as interest rate, equity and forex derivatives. We look forward to building on our implementation of our Q Acquire solution and to partnering with Beauchamp on additional future shared clients,' says Neil Mackay, head of investment operations at Quintillion.