Javelin Technologies announced the opening of a sales office in Hong Kong to better serve the Asian Pacific marketplace. The new office will allow Javelin to expand its presence in the region. The Hong Kong office, located at One Pacific Place, Admiralty, givesJavelin coverage in the Asia Pacific region, in addition to its offices in Europe (London and Paris) and the United States (New York and San Francisco). As in the past, support for Javelin's clients in the region will be provided from the company's offices in Manila. Javelin's electronic-trading-infrastructure products support nearly 250 clients in locations throughout the world.
Trema, a provider of financial technology, announced that Pension Fennia, the Finnish mutual-insurance company, is now live with Finance KIT version 5.0. Pension Fennia selected Trema's Finance KIT at the beginning of 2001 to manage its investment assets. Implementation began in February to install front, middle and back-office functionality providing Pension Fennia with straight-through processing. The project covered the implementation of key functionality to enable STP, as well as limit functionality to monitor both credit risk and asset allocation limits. With regard to instruments, emphasis was on fixed income and the management of equities, as well as money-market instruments and foreign exchange to cover the exposure of the foreign currency denominated investments.
Thomson Financial announced the launch of Customer Care Online, a service that enables clients such as Advantus Capital, to troubleshoot systems issues via the Web by allowing the company to submit specific questions and receive immediate answers. A client and PORTIA user since 1996, Advantus Capital Management, Inc. manages assets just under $16 billion for its parent, Minnesota Life, as well as other institutional clients. Clients may also employ the browser-based service to canvass a resolutions database, review and track the status of previously submitted cases, as well as access a summary of products installed at their respective firm, along with corollary documentation.