TORONTO, Sept. 12, 2012 /CNW/ - SGGG Portfolio Systems, a leading provider of technology to start-up and established hedge
funds, today announced the availability of the SGGG Portfolio Cloud.
The offering provides a cloud-based system for real-time trade order
management with integrated portfolio management. The benefit of a cloud
system is that it can be accessed from anywhere and requires minimal
configuration at the client's premises. By utilizing a global cloud
infrastructure, the Portfolio Cloud is able to combine the
responsiveness of a desktop application with the flexibility and ease
of deployment of the cloud.
Hedge funds use the Portfolio Cloud for the entire trading and portfolio
management process - to send trade orders to dealers, keep track of
trades and portfolios, and interface with their custodians. The system
has pre-configured connections to numerous electronic trading systems
The Portfolio Cloud is provided on a subscription basis. Sophisticated
features such as FIX messaging (an industry-wide protocol for sending
and receiving trade orders electronically) and automated position
reconciliation usually require considerable network and software
configuration. The cloud offering provides this functionality for any
fund, even those without on-site IT personnel. Clients in different
parts of the world connect to the Portfolio Cloud access point closest
to them. There are currently four Portfolio Cloud access points
globally, with additional access points planned.
Dan Rissin, CEO of SGGG Portfolio Systems, notes "Effective order
management requires real-time data and real-time responsiveness. By
providing a cloud access point close to our customer's location we can
provide the required performance with all the benefits of cloud
deployment - cost, ease of deployment and access to upgrades."
The Portfolio Cloud provides leading hedge fund software that can be ready to run in a matter of days, compared with months for
similar systems. Ongoing support and upgrade costs are minimized
through integrated remote support.
About The SGGG Portfolio System
The SGGG Portfolio System delivers real time trade order, portfolio and
operations management tools to start-up and established hedge fund
managers. It supports multiple portfolios, strategies, asset types,
currencies and custodians in a single solution. It is available through
traditional licensing, as an appliance or a cloud subscription.
Through the use of new web-based technologies the system achieves
unparalleled performance, functionality and value for money.
About The SGGG Group
SGGG Portfolio Systems is part of a group of SGGG companies providing
systems and administration services to over 200 alternative investment
funds globally. The business has been built by focusing on providing
clients with an exceptional level of experience, professionalism and
availability. The SGGG group is based in Toronto, Canada.
SOURCE: SGGG Portfolio Systems
For further information:
SGGG Portfolio Systems
Direct: (647) 478-7682