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.
Linedata And Electra Integrate Reconciliation And Fund Accounting Platforms
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.
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.
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.
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.
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.
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.
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.
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.
Electra Information Systems, a provider of software solutions for the asset management industry, has opened an office in St Petersburg, Florida, headed by Andy Gnibus, manager of data services. It describes the move as a strategic investment to diversify geographical locations for the operations team. This will support the ongoing business continuity planning for the global firm and will further protect clients from unpredictable threats, such as natural disasters or other potential disrupters that have potential to impact specific regions.