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Paladyne Systems and Markit Team Up to Standardize Credit Derivative Workflow for Hedge Funds


Markit Group Limited (Markit), the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets, and Paladyne Systems, Inc., a leading solutions provider for the hedge fund industry, today announced the certified integration of Markit’s credit pricing and reference entity data into the PALADYNE™ suite of products.

Hedge fund professionals will benefit from a completely integrated credit derivative workflow within Paladyne Security Master and Paladyne Price Master products resulting in increased accuracy, efficiency and standardization of derivative trading with counterparties. Paladyne has integrated Markit RED™, Markit iTraxx and Markit CDX index constituent data, single name credit curves and other Markit content.

Markit RED™ (Reference Entity Database) is the industry standard for reference entity and reference obligation identifiers used throughout the credit default swap (CDS) markets, including on-line trading, standard documentation and trade settlement.

The PALADYNE™ product suite includes order management, real-time P&L and portfolio management, portfolio accounting, custom reporting, data warehousing and analytics, and reference data management. By offering securities from Markit within its hosted product suite, Paladyne can provide seamless and immediate access to data in order to meet the demanding trading and operational and decision-support requirements of today’s hedge funds.

We are very pleased that Paladyne has become a certified partner having successfully integrated Markit’s CDS Pricing and Markit RED into its first-class front-to-back office suite,” said Nicola von Schroeter, Managing Director of the Markit Alliance Partner Program.

This partnership with Markit is another valuable tool for the users of our hosted PALADYNE suite,” said Sameer Shalaby, Chief Executive Officer, Paladyne Systems. “We are continually expanding the overall functionality of our hedge fund technology platform and by teaming with Markit, we are able to offer our hedge fund customers immediate access to credit pricing and reference data from one of the market’s leading sources.”.

The PALADYNE suite is available either as a fully hosted solution or as an on-site local installation.

About Markit
Markit Group Limited is the leading provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets. The company receives daily data contributions from 90 dealing firms, and its services are used by almost 1,000 institutions to enhance trading operations, reduce risk and manage compliance.For more information, see About Paladyne Systems
Paladyne Systems, Inc., ( a leading solutions provider for the hedge fund industry, develops and distributes technology designed to streamline hedge fund operations while providing business efficiency and cost savings throughout the organization. Paladyne offers a fully-hosted technology platform know as the PALADYNE™ suite which is capable of supporting the front- to back-office requirements of today’s most comprehensive hedge funds. The PALADYNE™ suite is an integrated set of applications including: order management, portfolio management, portfolio accounting, global security master, analytics toolset, comprehensive portfolio pricing, custom reporting, and customer relationship management. Paladyne was formed through an acquisition of its technology platform from a large US-based multi-strategy hedge fund. The PALADYNE suite includes the following modules:

* Paladyne Portfolio Master™ – provides order management and allocation, portfolio management, real-time P&L, and strategy-based performance tracking.
* Paladyne Analytics Master™ – provides portfolio analytics, data aggregation, and custom reporting tools.
* Paladyne Security Master™ – provides a centralized terms and conditions repository and distribution engine with real-time updates and corporate action alerts.
* Paladyne Price Master™ – provides automated collection, storage, and analysis of prices and market data from any third-party sources.
* Advent Geneva® – provides complete portfolio accounting solution including general ledger reporting, performance measurement, and portfolio reporting as part of Paladyne’s hosted solution.


Paladyne Systems, Inc.
Scott Alderson, US Sales
(212) 616-4306

David Simmonds , European Sales
+44 (0) 20 7193 6604

Lisa Jane O’Neil, Media
212-786-7629 or 917-361-8303


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