Finextra – Reuters (LSEL RTR, Nasdaq: RTRSY) and Paladyne Systems, LLC, a leading solutions provider for the hedge fund industry, today announced a strategic alliance which combines the Reuters DataScope market data solution with Paladyne’s front- to- back office hedge fund product suite.
This joint product offering creates a unique combination of world-class technology infrastructure with comprehensive front- to- back office market data.
Reuters has been targeting its market data solutions to hedge funds and their service providers, including prime brokers and fund administrators. By offering its market data within the PALADYNE product suite, Reuters has secured a strategic distribution channel into the hedge fund industry. This relationship provides Reuters with a market data delivery channel that may be custom tailored and priced according to the exact needs of any hedge fund, regardless of size and complexity.
The PALADYNE product suite includes order management, real-time profits and losses and portfolio management, custom reporting, data warehousing and analytics, and client relationship management. By adding Reuters DataScope – including real-time pricing, terms and conditions, and analytical data – into its service offering, Paladyne’s solution meets the demanding, real-time operational and decision-support requirements of today’s most comprehensive hedge funds.
