TradingScreen and MainstreamBPO join forces to offer full Straight Through Processing fund platform for Asia Pacific managers
TradingScreen Inc., the leading independent provider of liquidity, trading and investment technology via SaaS, and MainstreamBPO Pty Ltd, a leading independent fund administrator inAsia-Pacific, have signed a partnership agreement to connect their systems to provide their common clients with front to back fund servicing. TradingScreen's TradePrime, its Execution, Order and Portfolio Management offering, will be integrated with FundBPO, MainstreamBPO's platform, and deployed toAsia Pacific asset managers to provide execution, order management and administration services. This will allow asset managers to outsource their entire trade management process (execution, compliance, risk, reconciliation and reporting) to the two partners. "In their quest for alpha generation and cost savings, asset managers continue to seek cutting-edge, outsourced multi-asset class solutions that cover the full trade life cycle. This partnership agreement has already been endorsed by our clients inAsia. It allows them to concentrate on trading and avoid lengthy and costly implementation," saysNathan Walker, Head of Sales South East Asia &Australia, TradingScreen Inc. "We are very pleased with our relationship with TradingScreen and the expansion of our value chain to include now full front office to back office fund services. By integrating with TradingScreen's TradePrime platform we are able to achieve complete straight through processing at an affordable cost to our clients," said FundBPO Chief Executive OfficerMartin Smith.