TECHNOLOGY: Options Target Hedge Funds with Cross Asset Managed Platform

For those buysiders who are looking for a fully-managed trading support platform that can handle multiple asset classes, look no further.

Options, a financial cloud provider for the capital markets, announced that it has partnered with Orchestrade Financial Systems to deploy its fully integrated position keeping, operations and risk management software to the Options Momentum platform.

As a result of the partnership, the IaaS provider offer institutions, namely hedge funds, a flexible, fully-managed and hosted platform for cross-asset trading.

By sourcing Orchestrade, Options can now offer its clients risk management tools and operations solutions across all asset classes in a more efficient and cost-effective manner than developing its own system. The software offers the ability to manage in real time portfolio holdings, measure risk and run operations on one single platform.

Options’ Momentum service is located on the Options Private Financial Cloud platform. Momentum is an optimized managed hosting service for all front, middle and back-end office financial applications.

Mike Williamson, Chief Technology Officer at Renshaw, who were among the first hedge funds to leverage the new platform, also commented, “Renshaw has recently implemented Orchestrade as hosted by Options and we’ve been hugely impressed with both the product and the accompanying fully managed service. A flexible solution, combined with the security of a fully resilient, stable platform is crucial to our global technology operations and the Orchestrade-Options offering provides decisive peace of mind in this regard.”