Linedata signs Hungarian buy-side firm QUANTIS
Linedata, a technology provider for the investment management and credit industry, has been selected by Hungary-based multi-manager QUANTIS Investment Management to supply a front-to-back trading solution to support its trading business.
QUANTIS will implement Linedata's Longview electronic trading platform and Mfact fund accounting platform. According to QUANTIS, specific Hungarian regulatory requirements that require auditable fund management software combined with an increase in assets under management drove it to seek an integrated system that could handle rapid growth. Linedata's platforms should allow QUANTIS to manage its day-to-day trading, portfolio management and order management through to fund accounting post-settlement
“Linedata offered a single-vendor, front-to-back office solution which has been recognised as an industry standard within Hungary by a leading global audit firm earlier this year, this was very attractive to us,” said Ãkos SÃ¡rÃ¡ndi, CEO of QUANTIS. “Our AUM has doubled over the past year and we expect extraordinary growth in the near future both locally and regionally. We needed a way to confidently automate our workflows and be compliant with Hungarian fund accounting regulations. Linedata gave us the scalable technology, the partnership and the expertise that we needed, making us confident that our funds are positioned for further growth.”
“In addition to reducing operational risk and controlling overhead, we are giving QUANTIS a real differentiator in the market, which is going to help drive growth, and attract significant new investment,” added Mike de Verteuil, Linedata's group business development director.