As part of the distribution alliance, Paladyne will provide Thomson DataFeed (TDF), a real-time market and pricing data service directly to its customers. Paladyne will distribute the data through its Paladyne product suite, a fully-hosted front- to back-office hedge fund solution; and Thomson Financial will act as the agency of record for all exchange level reporting requirements.
By integrating Thomson Financial’s real-time market information into Paladyne’s order management and portfolio management tools, clients will have more comprehensive data for electronic trading, order management, and real-time P&L and position tracking. Thomson and Paladyne have developed and implemented a new delivery model enabling Paladyne to offer direct real-time pricing to clients, with Thomson retaining responsibility as the agent for the exchanges.
Sal Ventura, managing director of prime services at Credit Suisse, said: We are delighted that Paladyne and Thomson have entered into this strategic relationship since it will impact our prime services customer base. We offer Paladyne’s trading and real-time P&L tools within our Advanced Prime hedge fund platform, so our customers will benefit from this strategic alliance.
