Oakpoint Advisors enhances services
18 August 2011 New York
Image: Shutterstock
Oakpoint Advisors has made its technology to negotiate and manage trading agreements and other contracts available to clients of Bloomberg Tradebook.
Oakpoint's software is designed to allow users to execute and transact a multitude of financing and trade agreements including prime brokerage, ISDA (International Swaps and Derivatives Association) and repurchase agreements. Users can readily access stored agreements or search for specific terms, at the touch of a button. This self-service model for contract management reduces legal expenses and hours spent searching for and filing agreements.
"Hedge funds of any size are required to negotiate, file and eventually access, documents and trade relationship agreements via secure channels," said Peige Katz, partner and head of Oakpoint Advisors regulatory & compliance team. "With investors demanding more transparency, hedge funds - which are operating in a continuously changing regulatory environment - need an efficient and cost-effective manner in which to easily execute and implement such documents. By integrating our offering, Bloomberg Tradebook clients will have access to a simple solution to continuously track terms across multiple counterparties and contracts."
"Bloomberg Tradebook is committed to finding, vetting and providing solutions that allow our customers to spend more time on strategy and less on administration," said Raymond Tierney, chief executive officer and president of Bloomberg Tradebook. "Our customers expect us to move beyond basic execution services to a more consultative approach. Oakpoint's solution supports that new approach."
Oakpoint's software is designed to allow users to execute and transact a multitude of financing and trade agreements including prime brokerage, ISDA (International Swaps and Derivatives Association) and repurchase agreements. Users can readily access stored agreements or search for specific terms, at the touch of a button. This self-service model for contract management reduces legal expenses and hours spent searching for and filing agreements.
"Hedge funds of any size are required to negotiate, file and eventually access, documents and trade relationship agreements via secure channels," said Peige Katz, partner and head of Oakpoint Advisors regulatory & compliance team. "With investors demanding more transparency, hedge funds - which are operating in a continuously changing regulatory environment - need an efficient and cost-effective manner in which to easily execute and implement such documents. By integrating our offering, Bloomberg Tradebook clients will have access to a simple solution to continuously track terms across multiple counterparties and contracts."
"Bloomberg Tradebook is committed to finding, vetting and providing solutions that allow our customers to spend more time on strategy and less on administration," said Raymond Tierney, chief executive officer and president of Bloomberg Tradebook. "Our customers expect us to move beyond basic execution services to a more consultative approach. Oakpoint's solution supports that new approach."
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