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Custom House unveils hedge fund web dealing technology
May 17, 2011 by Martin Leonard
Dublin-based fund administrator Custom House Global Fund Services has announced the Phase Two launch of its Chariot Web Dealing platform.
Developed in conjunction with financial technology provider Comada, the Chariot Web Dealing platform enables investors to deal online into funds administered by Custom House. The facility is designed to increase efficiency in the subscription and redemption process. It also aims to eliminate the risk of trading error.
Phase One of the CHARIOT Dealing Platform was introduced in April 2010. Phase Two, which incorporates significantly more complex technology than Phase One, went live earlier this week and will enable investors to deal in funds that are subject to an equalisation process.
“Our clients now have the ability to offer their investors an unparalleled level of control coupled with security over the dealing process,” said Mark Hedderman, chief operating officer at Custom House.
