Joint trading system released
Portfolio administration specialist, Præmium and managed fund administrator, Ausmaq has announced the release of an integrated managed fund trading, administration and reporting solution.
The new system complements Præmium’s admin platform V-Wrap and Ausmaq’s Fundstreme solution and will ensure consolidated reporting across both traded securities and managed funds.
Ausmaq chief executive officer Rob Brown said this would make it one of Australia’s largest automated wholesale managed investment menus.
“We have worked with Præmium to provide a scalable and streamlined managed fund processing solution that is integrated with other asset types, particularly direct equities, within a contemporary and open architecture. The integration of Fundstreme and Præmium delivers improved functionality, quality and timeliness.”
According to Brown, further expansion of the new solution should attract leading advisory organisations in the coming months.
“The integrated solution provides an environment that more closely resembles the traded markets and further enhances the customer and adviser experience for consolidated full function reporting across asset types,” he said.
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