Athena Systems launches updated product suite including hedge fund OMS/PMS

Athena Systems announced new versions of its Spark Investment Management platform to meet the needs of several growing capital markets segments that are underserved by the current vendors and systems.

The four new product offerings are aimed at hedge funds, institutions, brokers, and outsourced trading desks.

“We have updated and re-organised our Spark product to help several different players on both the buy and sell-side of the street,” states Scott Sykowski, Director of Research at Athena. “For example, many order/position management system (OMS/PMS) vendors were forcing users into their ‘one-size-fits-all’ way of thinking about analysis, strategies and workflows; this is clearly absurd, as a manager’s approach is his competitive advantage and he should not be forced into a vendors’ narrow vision.”

Athena Spark has been updated to meet the requirements of the following market segments:

Spark Hedge – A full-featured, highly flexible Order, E-Trading, and Position Management system (OMS/PMS) that meets the specific requirements of Multi-Strategy, Multi-Prime Hedge Funds and includes superior coverage for alternative assets and their workflows.

Spark Institutional – A unified platform that integrates Model Management, Rebalancing, Order Management, E-Trading, Compliance, Fund and Investor Accounting, and Client Communication. The platform also includes complete automation for Separately Managed Accounts (SMA).

Spark Enterprise – Defines a new category in FinTech: A real-time platform that allows large, multi-entity firms like Brokers, Banks, and Managers to monitor exposures, P&L, risk, margin, analytics, netting, and more across the entire enterprise.

Spark Lite – An entry-level Order, E-Trading, P&L, and Position Management System (OMS/PMS) that can be branded by prime brokers, administrators, outsourced trading desks, and other entities to be distributed to their clients as a value-added service.

These four new Spark versions, paired with Athena’s existing Cloud for Financial Services and new Mobile Surveillance and Notifications Service, complete Athena Systems’ full product offering.