NEW YORK, SINGAPORE, HONG KONG and SYDNEY– December 10, 2014 – TradingScreen Inc., the leading independent provider of liquidity, trading and investment technology via SaaS, and MainstreamBPO Pty Ltd, a leading independent fund administrator in Asia-Pacific, have signed a partnership agreement to connect their systems to provide their common clients with front to back fund servicing.
TradingScreen’s TradePrime, its Execution, Order and Portfolio Management offering, will be integrated with FundBPO, MainstreamBPO’s platform, and deployed to Asia Pacific asset managers to provide execution, order management and administration services. This will allow asset managers to outsource their entire trade management process (execution, compliance, risk, reconciliation and reporting) to the two partners.
“In their quest for alpha generation and cost savings, asset managers continue to seek cutting-edge, outsourced multi-asset class solutions that cover the full trade life cycle. This partnership agreement has already been endorsed by our clients in Asia. It allows them to concentrate on trading and avoid lengthy and costly implementation.” says Nathan Walker, Head of Sales South East Asia & Australia, TradingScreen Inc.
“We are very pleased with our relationship with TradingScreen and the expansion of our value chain to include now full front office to back office fund services. By integrating with TradingScreen’s TradePrime platform we are able to achieve complete straight through processing at an affordable cost to our clients.” said FundBPO Chief Executive Officer Martin Smith.
For further information contact:
Nathan Walker Martin Smith
TradingScreen Inc. CEO FundBPO
T +65-6491-8675 T +61-411-882-986
TradingScreen is the leading independent provider of liquidity, trading, and investment technology via SaaS to the financial community. TradingScreen’s goal is to simplify the complexity of markets, by consolidating all investment workflows for exchange-traded and OTC instruments on a single platform. TradingScreen brings the major, global sell-side participants, leading regional brokers and the largest Buy side firms to a common environment, delivering market access, order- and liquidity-management and Investment services. The benefit to clients is an exceptional reach across counterparties, asset classes, and geography, and a full integration of services front to back. TradingScreen was named the Best Fixed Income Trading Platform in 2014 by Wall Street Letter for the second consecutive year, in addition to winning numerous awards for best trading technology. TradingScreen provides global coverage from offices in Boston, Chicago, Geneva, Hong Kong, London, New York, Paris, São Paulo, Singapore, Sydney and Tokyo. For more information on TradingScreen, go to http://www.tradingscreen.com.
MainstreamBPO is a specialist third party administrator for the financial services industry. It is owned and operated by founders Byram Johnston and Martin Smith and employs over 100 people in Sydney, Melbourne, Singapore and Hong Kong. MainstreamBPO currently provides back and middle office fund administration services to over 350 funds across 100 fund managers with more than USD 35 billion in assets under administration. Clients include fund managers, financial institutions, custodians, superannuation trustees, family offices and managed account providers.