Tradar reports double-digit growth in the US
Tradar, a provider of portfolio management and accounting software to the buy-side globally, has seen a 20 per cent uplift in its US client numbers since the start of 2011. With the investment management community facing a challenging and ever-changing environment, Tradar’s recent success reflects its ongoing commitment to delivering a robust and transparent solution with low total cost of ownership (TCO) available via on-site, or cloud based deployment options.
Tradar has witnessed soaring demand for its flagship product Insight, with new clients in the US adding to a rapidly growing community of users in Europe and Asia. Tradar’s focus on providing functionally-rich solutions, as well as its strategic partnerships with leading brands such as Eze Castle Integration and Markit, have cemented the firm’s position as the leading provider of portfolio management and accounting software to the buy-side globally.
Sachin Kachhla, Director of Business Development, Tradar, says: “Our product and our business continue to go from strength to strength and we are delighted to be servicing a significant and growing number of US firms. We have invested heavily to ensure Insight meets the complex demands of fund managers around the world. The introduction of advanced risk and compliance tools provides the additional functionality firms need to ensure operations remain efficient, transparent and robust. And, we are not stopping there. Product development continues apace and with risk management at the forefront of fund managers’ minds, we are looking to further strengthen our core capabilities in this space.”
One of the new clients, Fulvio Dobrich, Managing Partner at Meldrum Asset Management, explains why he selected Insight: “Success in this industry depends to a greater degree than ever before on having the right technology infrastructure in place. For us, this meant a portfolio management and accounting system that could support us equally for bonds, equities, CDSs, FX and repos. We are confident that Insight will deliver what we need: more robust reporting and better streamlined operational processes, which will reduce risk and increase efficiency for us and our clients.”
This latest announcement follows the highly successful launch of Insight 4.1 in Q1 2011 and builds on strong global growth throughout 2010. Since then, major product initiatives have included the addition of comprehensive compliance and risk functionality, broadening the scope of the system, and allowing users to reduce TCO through the consolidation of multiple systems. Tradar has recently run a series of user workshops to ensure all clients can fully exploit the system functionality.