SOURCE: Paladyne


May 10, 2011 08:00 ET

Alpine Associates Implements Paladyne Suite™ as Its Fully-Hosted Front- to Back-Office Solution

NEW YORK, NY and LONDON and HONG KONG--(Marketwire - May 10, 2011) - Paladyne Systems, Inc., the leading provider of next generation investment management solutions, today announced that Alpine Associates Advisors, a New Jersey-based multi-strategy hedge fund manager, with approximately $1.8 Billion under management, has successfully implemented the Paladyne Suite™ as its fully-hosted front- to back-office solution.

Alpine utilizes the Paladyne Suite™ for electronic trading and order management including two-way FIX connections, pre-/post-trade compliance, real-time P&L monitoring, portfolio management, reference data management, reconciliation to its prime brokers, and firm-wide reporting. The solution is fully hosted by Paladyne ASP™, which includes a fully managed IT service, 24×7 technical and product support, hardware, product upgrades and quality assurance, and mirrored ("hot site") disaster recovery.

"With the growth of our firm and our plans for the future, we realized that we needed one integrated solution that was automated, and emphasized straight through processing across our entire organization and counterparties," explained Frank Fiorello, Head Trader at Alpine Associates. "We are extremely satisfied with the breadth of functionality that Paladyne offers, with this one relationship we now have a complete solution that supports our entire workflow, requires less internal resources, and appears to be much more cost-effective."

"We are very happy to partner with a high-profile firm such as Alpine Associates," commented Sameer Shalaby, CEO of Paladyne. "Alpine is yet another textbook example of a firm making the decision to replace its proprietary legacy technology with a cost-effective integrated suite of products bundled with a full-service IT solution."

About Paladyne Systems®

Paladyne Systems, Inc. (, 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 reporting and reconciliation, and is complemented by the Paladyne Network™, which is comprised of a number of preferred strategic partnerships with leading software and market data firms. The solution can be delivered onsite or via Paladyne's industry-leading application service provider solution, Paladyne ASP™. Paladyne was established in 2005 and now serves over 140 clients worldwide. The firm has approximately 160 employees, and is headquartered in New York, with regional offices in New Jersey, London, Russia, and Hong Kong.

The Paladyne Suite™ includes the following modules:

  • Paladyne Portfolio Master™ - provides electronic trading, order management and allocation, portfolio management, real-time P&L, and strategy-based performance tracking.
  • Paladyne Credit Master™ - provides loan processing and administration to fully support loan trading, analysis, reporting, and management.
  • Paladyne Analytics Master™ - provides portfolio analytics, data aggregation, and custom reporting tools.
  • Paladyne Security Master™ - provides a centralized terms and conditions repository and distribution engine with real-time updates and corporate action alerts.
  • Paladyne Price Master™ - provides automated collection, storage, and time series analysis of prices and market data from any third-party sources.

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