PEAK6 Advisors selects Paladyne FastStart as investment management platform

PEAK6 Advisors LLC, an investment advisory firm, has selected Paladyne Systems, Inc.'s Paladyne FastStart as a part of its institutional-grade investment management platform.

The fund has implemented Paladyne FastStart, a bundled technology and services offering that combines Paladyne's firm-wide technology platform with a selection of operational, market data and IT support services. Hosted as a full-service ASP, PEAK6 Advisors LLC has also implemented Paladyne Security Master to manage the fund's securities terms and conditions, corporate actions and market reference data, the company said.

Joe Scoby, CEO, PEAK6 Advisors LLC, said: "Picking the right technology partner has enabled our firm to launch with a comprehensive and cost-effective trading and portfolio management system that meets our multi-asset requirements and easily integrates with our proprietary investment and risk management platform. After an extensive evaluation of the various vendors in the industry, we selected Paladyne based on their comprehensive multi-asset class support, open architecture and customer-focused service model."

Sameer Shalaby, President, Paladyne Systems, said:"We are pleased to welcome PEAK6 Advisors LLC as a client and to meet their requirements for a flexible, multi-asset solution that integrated seamlessly with their proprietary technology. By implementing Paladyne FastStart, new fund managers are able to significantly reduce cost, introduce immediate operational efficiency and control, minimize risk, and address the due diligence requirements of institutional investors."