New York-based investment management start up Altair Investments has gone live with Indata's asset management platform, IMS for Windows.
IMS for Windows is a SQL-server based system that includes modules for portfolio management and reporting, trade order management, performance measurement and attribution, CRM and billing.
By implementing the software, Altair Investments is aiming to perform all front-to-back office functions using just one platform.
Michael Obuchowski, principal, Altair Investments, says: "As a start-up firm, we selected Indata because they were the only vendor that provided a complete and cost effective package that offered the combination of robust trade order management, compliance, back office accounting, performance & attribution, and CRM in a single package."
Indata says having a complete enterprise-wide system provides a competitive advantage for investment managers who are just starting their businesses.