Quintillion integrates Trades workflow with Zeliade

Dublin - 3 June 2009

Quintillion limited, an independent hedge fund administration company, are pleased to announce its Trades Workflow system - Q Acquire - has now been fully integrated with Zeliade Quant Framework (ZQF). This is the latest in a series of successful integrations with leading third party portfolio / order management systems.

Quintillion’s trade workflow is custom engineered to deliver a process driven solution to the administrator trade interface; automatically building any OTC derivative security masters or other static data in our portfolio and accounting system, loading trade information and resolving trade exceptions in a highly efficient manner.

Quintillion’s integration with ZQF is facilitated via a standard format daily trade file containing details of the relevant trade as well as the underlying economics of the OTC position from ZQF. On receipt of the trade file, the workflow is scheduled to automatically build any new OTC security masters within Quintillion’s accounting system before the trade is booked, thus eliminating the need for any manual intervention. At this point, any additional OTC trade economics such as REDID, Doc clause, attachment / detachment points, underlying reference entity ISIN’s etc from ZQF are mapped to Quintillions accounting system in a fully automated fashion. This innovative and unique technology, which uses leading edge complimentary workflow systems, has allowed Quintillion deliver an exception based processing solution for highly complex securities within our daily operational environment.

“The successful integration of our systems has been implemented in record time, even though the functional tests have been very stringent. We are very glad to work with Quintillion and we very much appreciate their focus on technology as well as the sound design of the Q Acquire solution.” said Claude Martini, Zeliade CEO.

“The Zeliade interface with Quintillion delivers both the settlement details of the trade itself as well as critical underlying economics of single and multi-name credit derivatives as well as interest rate, equity and forex derivatives. We look forward to building on our implementation of our Q Acquire solution and to partnering with Zeliade on additional future shared clients,” said Alan Doyle at Quintillion.

This integration also allows for mapping of internal client Investment identifiers as the primary security identifier on any over the counter security. This facilitates greater compatibility in the reconciliation process both back to the Investment Manager and to the Prime Broker(s) in order to complete a daily triangular position reconciliation cycle. The use of a common identifier also facilitates granular profit and loss reconciliations, position reconciliations as well as greater transparency in the cash reconciliation process in terms of mapping high volume upfront / unwind / periodic OTC payments. It can also simplify incoming OTC price feeds from third party vendors, particularly where there are a significant number of open positions.

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