LAKE SUCCESS, N.Y., May 30, 2012 – 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, - SSAE 16-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 paladyne.com.
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge’s investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 16 countries.
For more information about Broadridge, please visit www.broadridge.com.
Lisa Jane O’Neil
Neil A. Sullivan
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