Orchestrade Financial Systems Now Available as a Service to Hedge Funds on Abacus Group LLC’s AbacusFLEX™

09 Jan 2012

Abacus Group LLC, the market leader in hosted technology services for hedge funds, today announced their partnership with Orchestrade Financial Systems, the first system built specifically to support true cross asset processing for hedge funds.

Partnership will provide Hedge Funds with capability to measure and monitor real time P&L, positions and risk while managing full trade life cycle.

Orchestrade has worked closely with Abacus to make its full cross-asset platform available on the AbacusFLEX platform, enabling hedge funds of all sizes to quickly and easily start using the system. Hedge funds can now benefit from class-leading technology to manage risk and operations across all asset classes on a single platform in an efficient, cost-effective manner.

“Abacus is a firm that is steeped in experience of providing a range of solutions to hedge funds, in a manner and at a cost that is consistent with their needs,” says Richard Ferrari, VP Business Development of Orchestrade. “We believe that with the increased pressures of regulatory compliance and greater transparency to their investors, hedge funds need more than ever robust systems to help them. Until now the choice has been limited to older legacy systems but these have proven to be to cumbersome, complex and costly for the vast majority of fund managers. Now with the availability of Orchestrade as a service through Abacus, hedge funds have a viable, efficient and less expensive alternative.”

“We are delighted to be working with the talented team at Orchestrade,” said Chris Grandi, CEO of Abacus. “By offering Orchestrade through AbacusFLEX, hedge funds will be able to access this industry-first solution in an efficient, cost effective manner.”

About Orchestrade

Orchestrade Financial Systems is a technology company founded in 2009 specializing in software for capital market firms. After the problems of 2007/2008 in the world’s financial markets, it was clear that the industry required a better platform for visibility from front to back office processes as well as a less complicated way to institutionalize the new regulatory landscape. Comprised of industry veterans Orchestrade created a solution that manages risk and operations across all asset classes on a single platform. After two years of development leading financial institutions in North America and Europe are now actively using Orchestrade. With offices in New York, Paris, Silicon Valley and coming soon, to London, our team delivers results on a global basis. To learn more please visit us at www.orchestrade.com . Email at contact@orchestrade.com. Tel: 646-233-3266.

About Abacus Group LLC

The Abacus Group is an IT solutions firm focused on helping hedge funds and private equity funds deploy and manage hosted IT solutions. Our objective is to provide investment managers and technology executives with solutions to improve their IT service experience. Abacus has developed a scalable, redundant and highly available IT platform to allow investment managers to run all of their technology as a service. The days of purchasing new hardware every few years are over. Abacus manages mirrored data centers throughout the US and provides cost effective and efficient solutions. Firms connect to their IT applications and data through high speed circuits with minimal onsite equipment. More information about Abacus Group LLC is available at http://abacusgroupllc.com/ . Email at contact@abacusgroupllc.com. Tel: 646-808-0200.

SOURCE: Abacus Group LLC

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