One week in Paris…

First Published in Automated Trader Magazine Issue 13 Q2 2009

Trade Tech 2009 kicked off in Paris just as this issue of Automated Trader was due to go to press. With reports coming in of a recession-defying show featuring lots of new product launches, we took the decision to hold these front pages open for a selection of the top stories from France.

Lucky number for LineData?

Linedata Services chose Paris as the venue for announcing the roll-out of Version 7 of its LongView Trading order management system. Version 7 includes “new and enhanced functionality” across all areas of the system, including trading, portfolio management, compliance and enhanced support for the alternative investment markets.

Michael Portillo

Enhancements include:
• Increased securities coverage with over 125 security types, and full FpML (Financial products Markup Language) mapping to support the increasingly demanding audit and compliance demands necessary to support firms’ derivatives trading needs
• Enhanced electronic trading functionality, with new tools, improved workflows and throughput so that traders can act and react to markets faster
• Greater hedge-fund specific functionality and tighter integration with Beauchamp FundManager, the core of Linedata’s alternative investment solution suite
• New tools for compliance officers with an enhanced rule builder, new formula builder, violation override facility and many more features
• A recently launched Linedata Reporting application to provide web based reporting for internal and external audit and reporting requirements

The new release also sees the de...