Tradar has released version 3.2 of its Insight platform, a portfolio management and accounting solution for the alternative investment industry. The new version of Insight â a multi-asset platform based on Microsoft SQL Server and .Net â offers high levels of STP, full automation of the NAV (net asset value) process and enhanced reporting for the front office.
A number of useful features are incorporated including FIX drop copy support, which allows for the real-time posting of executed orders on the systems, thereby improving STP and providing users with an up-to-the- minute view of positions, P&L, instrument and currency exposures. The release of Insight 3.2 also includes the introduction of a cash interest accrual manager, which enables the calculation and posting of interest accruals on cash balances, and forms the first part of an update to the platformâs accrual functionality.
Completing the update is a financial reporting suite, providing hedge funds with the ability to produce financial statements as well as supporting tax and transaction reports. The module, which the company says is easily configurable and customizable, is fully integrated with the Insight platform, giving the user access to underlying trade and security details. Acting as a useful aid to transparency, the feature enables hedge funds to shadow the work carried out by administrators and, through the rapid production of necessary reports and data sets, cuts down the amount of time required for audits.
In a statement, Trevor Headley, general manager (Europe), said release 3.2 of Insight is part of a broader strategy to introduce greater levels of STP as well as to fully automate the NAV process and to enhance reporting for the front office. Upcoming releases of Insight will introduce other improvements such as multi-period reporting, time series reporting and charting, as well as a second phase of accruals features, stated Headley.