TORA launches new generation Portfolio Management System
28/10/2020 - 10:43am
TORA, a provider of industry leading trading technology, has launched a new Portfolio Management System (PMS), which is now fully integrated with the firm's OEMS platform including ‘single sign on’ to provide a unified user experience for all fund trading requirements.
The PMS’ new functionality and features will make it the most comprehensive front-to-back end trading solution for hedge funds & asset managers across the globe. The platform will include a new general ledger, advanced SWAP contract modelling, rapid time series functions, impressive charting capabilities and dashboards.
The real time general ledger (GL) will deliver trial balances, a full balance sheet and income statements. There is also the ability to show and reconcile the shadow NAV, all features essential for today's hedge funds.
Time series reporting is also a central new feature clients will be able to access historical Profit & Loss snapshots over any time period. The cached data storage means that bespoke reports can be produced faster and more efficiently, including all data such as NAV, exposure and fees.
From an operational perspective there is greater support for complex SWAP contracts and clear customisable dashboards. The system also comes with a large number of pre-defined intuitive charts for clients to select from and has the ability to customise.
Ovidiu Campean, Director, Global Head of Product Management at TORA, says: “We are very excited to launch the new PMS system. The team has been working extremely hard over the last 12 months to deliver cutting edge and advanced features. We have worked closely with our client base to ensure we have a ‘best of breed’ product.”
Chris Jenkins, Managing Director at TORA, says: “The PMS release coupled with the integration of our OEMS platform into one single system for true STP, will really strengthen TORA’s position within the industry. The system also has a striking new look”.
As part of the enhanced SWAP support, the PMS can create and track specific cash flow streams during any stage of the contract. The system also offers integrated tracking of P&L indicators and daily accrued interest. The time series data solution can be accessed by dedicated User Interfaces, a specific API endpoint or can be integrated in Excel.
The PMS integration with TORA’s leading OEMS platform will give users access to advanced functions for portfolio rebalancing, pre-trade and post-trade TCA to improve execution quality combined with strong post-trade allocations and commission management tools. The integrated software package already connects with custodians, prime brokerage and trade matching providers across the globe.
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