Quintillion, an independent hedge fund administration firm, has integrated a new version of Paladyne Price and Paladyne Security with its accounting system Advent Geneva and internal control dashboard QControl.
Paladyne Security Master and Paladyne Price Master consolidate security, pricing, and corporate actions data, from multiple market data sources into a single "Golden Copy".
Paladyne Price Master provides automated collection, storage and analysis of prices and market data, customizable pricing rules, and comprehensive audit and compliance reporting.
The new version of Paladyne Price Master, which is integrated with FT Interactive Data, Reuters, Bloomberg and Markit among other data vendors, includes enhanced functionality that further streamlines the valuation process for various complex instruments. These developments allow Quintillion to provide increased transparency to investment managers and their investors in pricing data and sources.
Quintillion has integrated Paladyne Price Master and Paladyne Security Master with its own proprietary control dashboard, QControl, ensuring all processes as completed are notified and approved within the dashboard.
“The recent enhancements of Paladyne’s products allows us to increase considerably the efficiency and effectiveness of our pricing and data management process, eliminating manual intervention and allowing daily deadlines to be reached much earlier than was previously possible,” says Neil Mackay, head of investment operations. “The integration with Q-Control has allowed for a more transparent and controlled environment around the entire pricing process.”