Paladyne Extends Global Capabilities to Help Clients Meet Hong Kong Short Requirements

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• Publié par: broadridge-financial-solutions-inc
• Nombre de lectures: 12
• Langue: English

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Paladyne Extends Global Capabilities to Help

Clients Meet Hong Kong Short Requirements

PR Newswire

LAKE SUCCESS, New York, May 30, 2012

LAKE SUCCESS, New York

,

May 30, 2012

/PRNewswire/ --

Paladyne

Systems®, Inc

., a Broadridge Company (NYSE: BR) and leading provider of

next generation investment management solutions, today announced that it

has extended its global capabilities in Paladyne Portfolio Master™, its combined

order management and portfolio management solution, to help clients meet

the Hong Kong Securities and Futures Commission's (SFC) requirements for

fund managers to disclose net short positions next month.

The SFC Rules come into effect on

June 18th

and the first reporting day and

reporting deadline will be

June 22nd

and

June 26th

, respectively. All fund

managers holding short positions in

Hong Kong

stocks will be required to

comply. Paladyne provides a centralized solution within Paladyne Portfolio

Master to streamline these reporting requirements by automatically importing

the universe of SFC's specified companies that require short sale disclosure and

allows clients to generate daily monitoring reports, along with the weekly

disclosure to the SFC on relevant short positions that fulfill the prescribed

thresholds. Paladyne clients can also configure a rule to alert them when

positions need to be disclosed.

"Paladyne has built an institutional framework that positions investment firms to

be able to respond to global rule changes and other regulatory and compliance

requirements rapidly and on time," said Sameer Shalaby, President, Paladyne

Systems. "As a result, fund managers and service providers can fulfill their

reporting obligations, including internal compliance and approvals checks, in a

timely manner with minimal manual intervention."

Paladyne Portfolio Master combines multi-asset class Order Management

System (OMS) and Portfolio Management System (PMS) functionality including

broker-neutral trading, shadow accounting, and portfolio management in a

single hosted solution. As part of Portfolio Master, Paladyne recently teamed up

with Advise Technologies to create a solution to help its hedge fund clients

meet the reporting obligations of the new SEC Form PF with a seamless

enterprise-wide platform and comprehensive toolset. The Advise Enterprise

server and Form PF Workbook have been integrated with the Paladyne Suite™

of products to provide an interactive web-based Form PF interface for clients,

hosted in Paladyne ASP™ SAS 70 certified data centers in the US,

Europe

and

Asia

.

About Paladyne Systems

Paladyne Systems, a Broadridge Company (NYSE:BR), is the leading provider of

next generation investment management solutions. Paladyne offers its

integrated front-, middle- and back-office platform, known as the Paladyne

Suite™, to hedge funds, asset managers, fund administrators and prime

brokers. The modular Paladyne Suite includes order management, portfolio

management, reference data management, data warehouse and custom

reporting and reconciliation, and is complemented by the Paladyne Network™,

an integrated network of leading 3rd-party software and market data firms.

The solution can be delivered onsite or via Paladyne's industry-leading

application service provider solution, SAS 70 Level II-certified Paladyne ASP™- .

Paladyne was established in 2005 and acquired by Broadridge in 2011 and now

serves over 200 clients worldwide. The firm has approximately 180 employees

and is headquartered in

New York

, with regional offices in

New Jersey

,

London

,

Russia

and

Hong Kong

. For more information, please visit www.paladyne.com.

About Broadridge

Broadridge (NYSE:BR) is a technology services company focused on global

capital markets. Broadridge is the market leader enabling secure and accurate

processing of information for communications and securities transactions

among issuers, investors and financial intermediaries. Broadridge builds the

infrastructure that underpins proxy services for over 90% of public companies

and mutual funds in

North America

; processes more than

$4 trillion

in fixed

income and equity trades per day; and saves companies billions annually

through its technology solutions. For more information about Broadridge,

please visit www.broadridge.com.

Paladyne Media Contact:

Lisa Jane O'Neil

[phone]

[phone]

[e-mail]

Broadridge Media Contact:

Kelly M. Howard

Broadridge

[phone]

[e-mail]

Paladyne Systems Sales Contacts:

Bill Kelly

Global Head of Sales Paladyne

[phone]

[e-mail]

Eric Royer, Paladyne Asia-Pacific (

Hong Kong

) Sales

[phone]

[e-mail]

Jonathan Cross, Paladyne EMEA (

London

) Sales

[phone]

[e-mail]