Financial services

LaCrosse top of its game with Front Arena

24 April 2008

LaCrosse Global Fund Services has implemented SunGard’s Front Arena cross-asset trading solution as part of its platform for pricing and analysing structured financial instruments held by fund administration clients

LaCrosse uses the SQL Server-based solution to manage ten instrument classes in four time zones, including the pricing of swaps and options in different time zones for multiple clients. SunGard’s cross-asset coverage will help LaCrosse’s clients with real-time, accurate valuation. The new solution supports various trading strategies, and provides the ability to model them in real time. This helps funds to create strategies, increase portfolio complexity and stay competitive.

Kok-Ying Lee, chief operating officer of LaCrosse, said: “We deliver the information our clients need to manage their complex portfolios, including daily profit and loss (P&L) and the valuation of global equities, fixed income, commodities, currencies, emerging markets and related derivatives. SunGard’s Front Arena helps us provide accurate P&L and valuations for all of these asset classes.”

“In an environment of increasing portfolio complexity, hedge funds must be able to value a wide range of instruments and asset classes,” said Emanuel Mond, president of SunGard’s alternative investment business. “SunGard’s solution will help LaCrosse by providing pricing and analyses for a broad range of asset classes.”