LAKE SUCCESS, N.Y., Nov. 27th, 2012 – Paladyne Systems®, Inc., a Broadridge Financial Solutions, Inc. Company (NYSE:BR) and leading provider of next generation investment management solutions, today announced that PEAK6 Advisors LLC, an investment advisory firm launching a multi-asset class hedge fund, has selected Paladyne FastStart as part of its institutional-grade investment management platform.
PEAK6 Advisors LLC is a unit of PEAK6 Investments, L.P., a leading financial institution based in Chicago with businesses spanning the proprietary trading, investment advisory, and online brokerage sectors. The newly formed fund is led by former UBS AG executive Joseph Scoby, Chief Executive Officer of PEAK6 Advisors LLC and Chief Investment Officer of the fund.
The fund has implemented Paladyne FastStart, a bundled technology and services offering that combines Paladyne’s firm-wide technology platform with a selection of operational, market data and IT support services. Hosted as a full-service ASP, PEAK6 Advisors LLC has also implemented Paladyne Security Master to manage the fund’s securities terms and conditions, corporate actions and market reference data.
“Picking the right technology partner has enabled our firm to launch with a comprehensive and cost-effective trading and portfolio management system that meets our multi-asset requirements and easily integrates with our proprietary investment and risk management platform,” said Joe Scoby, CEO, PEAK6 Advisors LLC. “After an extensive evaluation of the various vendors in the industry, we selected Paladyne based on their comprehensive multi-asset class support, open architecture and customer-focused service model.”
“We are pleased to welcome PEAK6 Advisors LLC as a client and to meet their requirements for a flexible, multi-asset solution that integrated seamlessly with their proprietary technology,” said Sameer Shalaby, President, Paladyne Systems. “By implementing Paladyne FastStart, new fund managers are able to significantly reduce cost, introduce immediate operational efficiency and control, minimize risk, and address the due diligence requirements of institutional investors.”
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 225 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.
Broadridge Financial Solutions, Inc. (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 $4.5 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.
About PEAK6 Advisors LLC
PEAK6 Advisors LLC is a subsidiary of PEAK6 Investments, L.P., and has been in existence since 2006. PEAK6 Advisors LLC currently manages 3 hedge fund vehicles. Joe Scoby serves as Chief Executive Officer of PEAK6 Advisors LLC since joining in January 2012.
Paladyne Media Contact:
Lisa Jane O’Neil
Broadridge Media Contact:
Kelly M. Howard