Linedata, Alpha Omega form alliance on post- trade processing solutions
Linedata, the global solutions provider dedicated to the investment management and credit industries, and Alpha Omega Financial Systems, provider of FIX protocol based post-trade software solutions, have formed a partnership which will provide buy side clients with another alternative to supporting their post-trade processing requirements.
As a result of this partnership, FIXAffirm is integrated with Linedata Longview, enabling clients to achieve straight-through-processing (STP) between the front, middle and back offices. By directly connecting counterparties through established FIX networks, FIXAffirm allows any errors to be corrected immediately and trades to be confirmed and affirmed on trade date. FIXAffirm can also co-exist with other post-trade solutions, thus reducing the risk of single vendor failure.
"We are very excited about the partnership with Linedata and the opportunity to provide integrated trading and post-trade solutions for investment managers globally using advanced FIX based technology. Given the momentum in the industry towards FIX post-trade, this integrated solution provides Linedata's clients with immediate access to FIXAffirm at zero implementation cost," states Kamal Duggirala, CEO of Alpha Omega.
"At Linedata, we are always striving to offer flexible alternative solutions for our clients," comments Eric Hamilton, vice-president of front office asset management relationship management at Linedata. "Through this partnership we offer our clients new post-trade processing options."
Linedata's liquidity alliance programme offers Linedata clients seamless access to a variety of third party application providers, ranging from broker algos and dark pools to trade cost analysis and post-trade processing.
Linedata front office platform offers portfolio management, trading and compliance to serve the needs of traditional and alternative asset managers. With its strong dedication to buy side firms, Linedata offers advanced portfolio management tools and workflows, expanded execution tools and streamlined allocation tools. Alpha Omega's flagship product, FIXAffirm , utilizes the financial industry standard FIX protocol to allocate, confirm, and affirm trades directly between counterparties. FIXAffirm  covers post-trade processing for domestic and international equities, ETFs and fixed income securities.
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