REDMOND, Wash. - Microsoft Corp., seeking to automate aspects of its investment and trading operations, has licensed the software portfolio management and accounting system PAM for Securities.
"In addition to a sophisticated portfolio management and accounting system that could handle our unique needs, we wanted a system built with Microsoft tools and integrated with our BackOffice (software) technology," said Greg Maffei, Microsoft treasurer.
Microsoft conducted extensive search and technical evaluations of several portfolio management systems, said Gordon Gacek, director of marketing for Princeton Financial Systems, Princeton, N.J., which created PAM for Securities.
For further information, contact Mr. Gacek at (609) 987-2400.
Japanese distributor named
NEW YORK - Following a new agreement, Nippon Steel Corp. will distribute Summit Systems Inc.'s derivatives trading and risk management software in the Japanese market.
With Japanese financial institutions focused on regulatory compliance and managing portfolio risk, the timing of Summit's entry is "right on the money," said Harvey Rand, director of sales at Summit.
NSC will market Summit's product suite in Japan, customize the software for clients and provide support services.
For further information, contact Masaki Chihara at Nippon Steel at 03-5352-2178.
Insurer taps SS&C
LONDON, Ontario - London Insurance Group has licensed the asset management and portfolio accounting system CAMRA for Windows and other software to help manage the insurance company's $4 billion portfolio.
The insurance company also licensed CAMRA Compliance, which makes sure portfolios comply with guidelines, and the NAV software module, which calculates net asset values of portfolios.
The three software packages are written and sold by SS&C Technologies Inc., Bloomfield, Conn.
London Insurance Group provides financial products and services globally.
The insurer has 1.2 million customers in Canada.
"SS&C's clearly defined strategic direction of facilitating both sides of an insurance company balance sheet through multiple, integrable systems and databases offered the best fit for our firm's investment technology and operational needs," said Bruce Harrison, a vice president for investments at London Insurance Group.
For further information, contact Peg Berry at SS&C at (860) 286-2251.
BondEdge compliance feature
LOS ANGELES - The newest release of Capital Management Science's software analytical product BondEdge for Windows has a compliance module and several new features.
CMS also released a version of BondEdge for Window designed specifically for the Canadian market. The Canadian version includes a complete Canadian database plus all the BondEdge features relevant to the market, such as daily pricing and trade ticket generation.
Bridge matching software
ST. LOUIS - Bridge Information Systems Inc. released new software that can match companies worldwide with specific investment criteria.
The Windows compatible program, called EqiSearch, can screen databases of more than 20,000 domestic and international securities while using criteria of more than 500 fundamental and technical data items and ratios.
"This product brings together world-class providers of fundamental and technical equity data including Bridge, I/B/E/S and Compustat offering tremendous breadth and global coverage," said Mark Minister, executive vice president of products and marketing for Global Financial Information, St. Louis.
Bridge, St. Louis, is a subsidiary of GFI.
For further information contact Mr. Minister at GFI at (314) 567-8364.