HOUSTON–(BUSINESS WIRE)–London-based Alphakinetic Ltd, a financial technology firm acquired by Virtus Partners Holdings, LLC (Virtus) in April 2017, today announced the launch of ground-breaking developments to its flagship front office technology solution, Glide TM. The portfolio management technology solution, already purpose built for credit managers, will now offer hypothetical pre- and post- trade CLO compliance, advanced allocations, and trade approval and monitoring on mobile devices, accelerating portfolio management processes and making straight-through processing a reality.
“Managing a credit portfolio can be time consuming and manual. Glide transforms this process by enabling credit managers to customize order management from trade idea to execution, including automated allocations across portfolios based on configurable allocation strategies.”
“Our goal is to make trading credit assets as efficient as possible for our clients. This type of front to back office integration is a first for the CLO market. We have combined the expertise of the Virtus Trustee, Middle Office, Settlement, and Fund Admin businesses with the flexible front office capabilities offered by Glide to give credit managers a truly unique, integrated solution” said Kelly Faykus, Managing Partner of Virtus Partners.
“Managing a credit portfolio can be time consuming and manual. Glide transforms this process by enabling credit managers to customize order management from trade idea to execution, including automated allocations across portfolios based on configurable allocation strategies.” said Jon Hodges CEO of Alphakinetic.
The expertise of Virtus and its reliable compliance engine used by Glide can also tackle the all-important pre- and post- trade compliance and allocation steps. As Mr. Hodges explains, “We added the ability to quickly setup, modify, and run hypothetical trade scenarios including buys and sells across multiple portfolios.”
Virtus Partners will be at the annual ABS East 2017 Conference in Miami, Florida and will be showcasing the Glide platform.
Virtus combines technology and service to provide Front, Middle, and Back Office support to credit managers. For more information, please visit www.virtusllc.com.
Alphakinetic is a wholly owned subsidiary of Virtus focused on building flexible and scalable portfolio management software for credit managers. For more information please visit www.alphakinetic.com.
Peter Dutton, 512-813-6068