FNX Solutions announces
real-time interface to Citco for its buy-side
ASP Solution, Aspen Hedge
Philadelphia, November 8, 2006 - FNX SOLUTIONS (FNX), a leading
provider of next generation technology solutions for treasury and
capital markets, today announced that its buy-side solution, Aspen
Hedge, now integrates with Citco Fund Services to offer a real-time STP
solution for hedge funds trading listed and OTC Commodities, FX, Fixed
Income, Money Market and IRD.
Real-time connectivity to fund administrators and prime brokers
increases the speed and accuracy of transaction processing and
reporting, and reduces costs. The flexibility of Aspen Hedge’s
middleware platform, SierraLink™, provides customers with fully
integrated, real-time STP capabilities to any third party provider,
including administrators, prime brokers, liquidity and rate providers.
This enables hedge funds to accept executed deals from any source,
perform allocations according to sophisticated rules and monitor
positions, P&L, risk and limits in real-time.
“Connectivity is the heart of Aspen Hedge,” said Lucian Lauerman,
Head of ASP Operations. “In fact, FNX pledges free interface development
to any public third party system for our customers.” FNX has already
developed real-time interfaces to more than 70 third party systems.
Aspen Hedge is securely deployed as an ASP/hosted solution,
eliminating the need for up-front technology. All aspects of the
software’s operation, including maintenance, upgrades, security, 24X7
availability and disaster recover and managed by Aspen Hedge.