News

Electra Wins 2017 Waters Rankings Awards

July 29, 2017

Electra Information Systems, a specialist provider of post-trade solutions for the buy-side, is honored to have been selected in the 2017 Waters Rankings Awards for two awards:

  • Best Reconciliation Management Provider - for Electra Reconciliation
  • Best Outsourcing Service Provider - for Electra Data

Electra beat a record number of competitors in each category and was selected for the Waters awards by a popular vote of Waters readers and members of the buy-side community. Electra was presented with both awards at a luncheon held July 20th at The Metropolitan Club of New York.

“We want to thank everyone who supported Electra by casting their votes for us,” said John Landry, Electra CEO. “We are honored to have received the Best Reconciliation Management Provider award again in 2017. We built Electra Reconciliation to revolutionize the industry’s approach to reconciliation and broaden its application beyond traditional custodian reconciliation. We are proud of the work we’ve done and this award recognizes how we’ve addressed our clients’ needs for highly sophisticated reconciliation processing.”

This Best Outsourcing Service Provider award recognizes Electra as the industry hub for collecting data from outside parties. Electra’s outsourced data aggregation and transformation service continues to extend its reach with new data sources and new types of data, becoming more and more a one-stop shop for external data for institutional managers, hedge fund and wealth managers. NAV data, portfolio models and compliance data have been added over the past year.

“From our clients’ perspectives, the less time they spend downloading data and cleaning it up to be usable, the more they can spend on higher value activities,” reported John Landry, Electra CEO. “Since the Waters awards are based on client voting, the key to winning is to provide the best overall customer experience. This is especially true in outsourcing where you have to deliver a level of service that improves on the service previously provided in-house. With Electra Data, we are taking on a clearly defined set of functions from our clients, aggregating data from numerous sources, normalizing it for easy digestion and delivering it to the clients’ systems. This is all happening so smoothly that data appears where it’s supposed to be, without the client ever having to worry about it,” added Landry.

Rob Cohen, Tish Wang, AmyClare Gutowsky, Zach Sand and Aaron Robinson accept the 2017 Waters Rankings Awards for Electra.

These awards follow a win earlier in 2017 in the FTF News Technology Innovation awards:

  • Best Reconciliation Service Provider - for Electra Reconciliation


Accepting the 2017 FTF News Technology Innovation Award for Electra are:
Rammi Singh, Danielle Quintanilla, Vee Woo, AmyClare Gutowsky, Ian Danic, Tiffany Bula, Denise McCormack, Steve Delgado and Paul Chung, back row. David Albert, Dave Ramirez and Michael Mastropietro, front row.

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Linedata And Electra Integrate Reconciliation And Fund Accounting Platforms

June 06, 2017

Linedata (NYSE Euronext: LIN) and Electra Information Systems (Electra) have announced the integration of Electra Reconciliation and Linedata Mfact, Linedata’s global fund accounting solution. The creation of a purpose-built interface between Electra Reconciliation and the Linedata platform provides Linedata Mfact users with immediate integration through an adapter created and supported by both Linedata and Electra assuring reliable and continued interoperability.

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NAV Reconciliation: Moving Beyond Excel

April 12, 2016

Tabb Forum

The vast majority of investment managers will reconcile their net asset value in 2016 using Excel. This is because vendors have struggled to deliver robust NAV reconciliation solutions that are as configurable as matching and as intuitive as Excel spreadsheets. Tabb Forum and Electra SVP Todd Sloan examine the reasons many investment managers continue to use Excel for NAV and TPV calculations and points to the functionality commercial solutions must develop to gain wider adoption.

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Electra Information Systems enjoys record-breaking year in 2015

January 14, 2016

Hedgeweek

Hedgeweek reports on Electra’s record-breaking year. Since its inception in 1998, Electra has been guided by a single, client-driven principle – efficient processing is critical to success. While all its solutions contributed to Electra’s growth in 2015, particular strength was evident in Electra’s reconciliation solutions and subscriptions to its extensive data network.

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Cordium Adds Electra Data to Compliance Platform

June 11, 2015

Markets Media

Ian Danic, Executive Director at Electra, and Jordan Schwartz, Director of Global Software Solutions at Cordium, speak with Markets Media about their companies’ partnership, highlighting how it illustrates the benefits of direct data feeds for the asset management industry and the advantages of outsourcing the data normalization process.

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Electra Provides Cordium with Data Feed Service

June 10, 2015

By Eugene Grygo, FTF News

Ian Danic, Executive Director at Electra, and Jordan Schwartz, Director of Global Software Solutions at Cordium, discuss how the two companies are combining efforts to ease the data and security burdens for Cordium clients. The article also highlights how Cordium’s usage of Electra Data is intended to cut manual processes and their associated costs and risks, as well as integrate new kinds of data into Electra’s services.

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Cordium To Offer Direct Data Feeds

June 09, 2015

By Chris Matthews, HFMTechnology

Ian Danic, Executive Director at Electra, and Jordan Schwartz, Director of Global Software Solutions at Cordium, speak with HFMTechnology on how the new partnership will streamline Cordium’s Compliance Employee-Level Filing platform and  set an example for the use of direct-data feeds among UK brokers, where that practice is gaining momentum.

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Cordium to Implement Electra Data into Compliance Employee Level Filing

June 08, 2015

By Dan DeFrancesco, Buy-Side Technology

Buy-Side Technology highlights how Electra's existing relationships with a vast number of brokerage firms, as well as its ability to normalize various data formats, were key to Cordium’s decision to incorporate Electra Data into its Compliance Employee Level Filing platform.

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Cordium Adds Electra Data to Compliance Platform

June 08, 2015

Anna Lyudvig, Wall Street Letter

Wall Street Letter highlights how Electra Data offers Cordium an alternative solution to existing account aggregation connections, reducing manual processes and the associated costs and risks. The article also mentions how the partnership helps to extend Electra’s reach to include the vast collection of compliance and trading data currently used by Cordium clients.

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Electra’s New Office to Provide BCP/DR Support

April 01, 2015

By Eugene Grygo, FTF News

Back-office financial technology vendor Electra Information Systems reports that it has opened an office in St. Petersburg, Fla., to provide itself with more options for operations, and to provide its clients with more business continuity planning and disaster recovery (BCP/DR) support. Andy Gnibus, Electra’s manager of data services, will oversee the office, which will initially have four full-time staff, officials say.

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Tammy L. Johnson, Globeflex Capital L.P.
We’ve now been a client for over 11 years and the relationship remains strong. Electra keeps us well informed, continuously innovating and adding functionality. Electra provides information on the latest versions which allows us to take advantage of the latest enhancements as our business requirements change and evolve.
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