Financial Tradeware has launched an ASP version of its H-Fund software, designed to lower entry costs for hedge fund trading.
The ASP model provides the full functionality of H-Fund to any fund manager who has an internet connection and a web browser via secure ID and password authentication. It supports remote working and replaces the need for installing and maintaining infrastructure on every PC or server at every business location.
Graham Bright, managing director of Financial Tradeware, said that this is of particular benefit to small hedge funds and start-ups as they can concentrate on the core business of trading and investment management without needing dedicated in-house technical and communications resources.
Future developments planned for H-Fund include allowing users to access trading and reporting functionality via PDA devices such as Research in Motion’s Blackberry.
By removing the need for additional servers or software as the company grows, H-Fund can accommodate all future growth requirements. The smaller hedge fund manager is able to take advantage of functionality that previously was only available to larger institutions, Mr Bright said.