TD Waterhouse Institutional Services and Advent Software, Inc. announced that TD Waterhouse has joined Advent TrustedNetwork, a solution enabling financial organizations to deliver consolidated account information from multiple financial institutions to investment advisors. As an Advent TrustedNetwork account provider, TD Waterhouse joins a number of financial institutions that are making client accounts available to the network.
Financial Fusion, Inc. announced that Linedata Services, a financial-services-IT provider, has chosen Financial Fusion Server with GlobalFIX to enhance its range of portfolio-management packages. Linedata Services offers global-IT solutions to the financial-services market that bring together three complementary services: software packages, solutions integration and facilities-management services.
HedgeWorld Limited announced an exclusive, online-distribution partnership with NCO Group, Inc to provide hedge-fund investors with convenient and affordable access to investigative reports and background checks on managers that can be critical to the due-diligence process. The new service, called HedgeWorld's Manager Background Reports,leverages HedgeWorld's visibility in the global hedge-fund industry by delivering NCO's institutional-quality, third-party-investigative reports on hedge-fund managers to institutional and high-net-worth investors through HedgeWorld.com's online platform.
Princeton Financial Systems, a wholly owned subsidiary of State Street Corporation (State Street) announced that Nedcor Bank, based in Johannesburg, South Africa, has licensed PAM for Securities and PAM for Mutual Funds to service the Government Employee Pension Fund (GEPF), the largest pension fund in South Africa. This marks the entry of the global accounting-systems provider into the important South African market. Princeton Financial's PAM family of n-tier Windows NT -based investment systems provides complete STP-ready, front-to-back-office functionality that can be licensed for in-house use or accessed via the Internet.