Kinetix Trading Solutions, Inc., a leading technology solutions provider for the capital markets, announced today that Paul Puskuldjian has joined the company as its Chief Operating Officer. The Princeton, NJ based firm has expanded its product set and offerings in the past year and will focus efforts on helping firms reduce costs and increase efficiency through deployment of Monaco, its component based software.
Puskuldjian joins Kinetix with over 30 years of experience in senior positions at major banks including Lehman Brothers and Citi. Most recently, as Global Head of Capital Markets Middle Office at Citi, he generated significant cost saving, improved operational efficiency and reduced operational risk through deployment of technology and process improvement.
“In today’s environment with narrowing spreads and more regulation, firms large and small must be smart about the way that they deploy and use technology. Investing prudently in technology infrastructure will reduce headcount and redundant system costs over the long run and offer clients’ an improved post-trade experience” says Puskuldjian. “Kinetix is well positioned to offer technology solutions that will improve a firm’s processing infrastructure and reduce their costs.”
Amit Karande, Kinetix CEO and Founder, and Puskuldjian have worked together in the past at both Citi and Lehman. “I am thrilled to be working again with Paul. He has been in the clients’ shoes and has the industry experience to identify areas of optimization within organizations. He will partner with our clients in rolling out Monaco, which adopts a best of breed approach, where firms can leverage technology they like while eliminating legacy systems, getting to the end state in a fast and cost-effective way.”
Kinetix (www.kinetixtt.com) provides component based technology solutions for financial markets with users across Trading, Sales, Middle Office, Operations and Compliance. It also has a consulting practice specializing in Regulatory risk and Capital Adequacy requirements. Based in the U.S., Kinetix is a team of industry experts with global reach serving clients in the derivatives and cash markets. Our solutions are provided through a combination of software, custom development and IT consulting.
FINCAD, the leading provider of OTC derivatives pricing and risk management solutions, is pleased to announce that Kinetix Trading Solutions has joined the FINCAD Alliance Program. This collaboration is especially relevant for the trading, risk management and compliance departments of buy and sell-side firms looking for a complete pre-trade verification solution.
"We are delighted to collaborate with FINCAD, as the company's advanced analytics are a perfect complement to our solutions," said Amit Karande, CEO of Kinetix. "FINCAD is well-known in the industry for its accurate and reliable valuation and risk measurement technology, which is essential for a substantial part of our target customer base. In particular, we expect that both buy and sell-side firms seeking advanced trade management and pre-trade verification solutions will be enthusiastic about the option of easily deploying FINCAD and Kinetix solutions together."
"Kinetix users, including heads of trading and compliance officers, can now have single-point access to FINCAD's multi-asset pricing and risk analytics from Kinetix's Monaco suite - which includes a comprehensive regulatory and compliance verification module called Monaco PTV," said Amar Budhiraja, Director of Strategic Business Development at FINCAD. "With the increased focus on compliance, a robust pre-trade verification process and solution have become very important for our buy and sell-side clients. We believe the experience, expertise and technology provided by both FINCAD and Kinetix can help them meet these needs."
Both Kinetix and FINCAD are committed to providing technological solutions that help firms comply with existing regulations - and that are flexible and robust enough to support compliance in the future as the regulatory framework evolves. The partnership between the two firms is particularly aimed at pre-trade verification - an area where regulations have become far more stringent for OTC derivatives trading in the past few years. Due to this collaboration, users will have access to a more robust verification system as well as full pricing and risk data for a broad array of asset classes.
Kinetix Trading Solutions Inc provides technology services for brokers/dealers, hedge funds, investment management firms and service providers. A specialist in the Fixed Income Cash and Derivatives business, Kinetix's component-based platform and bespoke solutions provide Cross Product Trade Capture and Processing, Regulatory Adherence, Derivatives Clearing, and Straight through Processing to leading ISVs and CCPs. Kinetix's roster of clients includes CME Group and Millennium Management LLC, the New York based hedge fund manager.www.kinetixtt.com
Founded in 1990, FINCAD provides advanced modeling solutions built on award-winning, patent pending technology. With more than 4,000 clients in over 80 countries around the world, FINCAD is the leading provider of financial risk analytics technology, enabling global market participants to make informed hedging and investment decisions. FINCAD provides software and services supporting the valuation, reporting and risk management of derivatives and fixed income portfolios to banks, corporate treasuries, hedge funds, asset management firms, audit firms, and governments. FINCAD Analytics can be accessed through Excel, MATLAB®, as a Software-as-a-Service or embedded into an existing system through software development kits. Now, over 70 FINCAD Alliance Partners embed FINCAD Analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland, and Vancouver, Canada. www.fincad.com
Kinetix Trading Solutions
Kinetix Trading Solutions Inc, a technology solutions provider to capital markets firms, announced today that it has hired Tim Mund as its Global Head of Sales and Marketing. The Princeton, NJ based firm is expanding with focused efforts on revenue growth and branding in order to keep up with customer demand, especially in the area of Dodd-Frank Act compliance for investment banks and hedge funds.
Mund joins the firm with nearly twenty years of technology sales and marketing experience, the last decade of which has been focused on the financial industry. His prior work at Recognia, 29West (now part of Informatica), Solace Systems and MCI/Verizon have produced strong revenue growth and long lasting relationships that he now brings to Kinetix.
"I'm excited to join Kinetix at a time of significant growth for the company. With the new Wall Street regulations, such as the Dodd-Frank Act and Volker Rule, now being implemented, time is of the essence for our clients. We will help financial firms navigate the complex and changing regulatory environment with a combination of our product components and custom software solutions. I'm looking forward to joining this team of industry veterans."
Kinetix CEO and co-founder, Amit Karande, affirmed the need to add sales and marketing leadership. "We have experienced a period of demand for our products, the Trade Manager and Opera, for the front and middle office. Tim, with his unique mix of financial services and start-up success, will build our sales team at a critical time for Kinetix. He will also bring our new predictive analytics based product, Pandora, to the market. We welcome Tim to the team."
Kinetix Trading Solutions Inc (www.kinetixtt.com) provides technology services for brokers/dealers, hedge funds, investment management firms and service providers. A specialist in the Fixed Income Cash and OTC business, Kinetix's component-based platform and bespoke solutions provide Cross Product Trade Capture and Processing, OTC Clearing, Risk Aggregation and Straight through Processing to leading ISVs and CCPs. Kinetix's roaster of clients includes CME Group and Millennium Management LLC, the New York based hedge fund manager.
Kinetix Trading Solutions Inc., a niche technology solutions provider to capital markets firms, announced today that it has signed an agreement to provide custom technology solutions and services to Millennium Management LLC, the New York based hedge fund manager. Kinetix will provide Trade Management, Client Clearing, and Workflow components from their Trade Manager Suite to Millennium's Fixed Income and Futures business.
According to Amit Karande, CEO at Kinetix, "Millennium is a global leader and we are excited to be a part of their strategic solutions."
Michael Chew, Head of Fixed Income and Risk Technology at Millennium, adds, "We are very happy to have Kinetix as a solution provider and we are looking forward to a long-term partnership."
Kinetix Trading Solutions Inc. (www.kinetixtt.com) provides technology services for brokers/dealers, hedge funds, investment management firms and service providers. A niche player in the Fixed Income Cash and OTC business, Kinetix's component-based platform and bespoke solutions provide Cross Product Trade Capture and Processing, Client Clearing, Risk Aggregation and Straight Through Processing to leading ISVs and CCPs.
Kinetix Trading Solutions Inc, a niche technology solutions provider to capital markets firms, announced today that it has signed an agreement to provide custom technology solutions and services for CME Group. Based on this agreement, Kinetix will provide technology components from their Trade Manager Suite and services to CME Group for its OTC clearing business. As a first engagement, Kinetix has built a web interface that provides access to CME Clearing margin scenario evaluators. This interface was rolled out successfully as part of CME Clearing's CDS and IRS product launch.
Mahesh Panjwani, Executive Director and Chief Operating Officer at Kinetix, adds "Kinetix is excited to engage a global leader like CME Group and be part of strategic and innovative OTC Clearing solutions."
Kinetix Trading Solutions Inc. (www.kinetixtt.com) provides technology services for brokers/dealers, hedge funds, investment management firms and service providers. A niche player in the Fixed Income Cash and OTC space, Kinetix's component-based platform and bespoke solutions provide Cross Product Trade Capture and Processing, Client Clearing, Risk Aggregation and Straight Through Processing to leading ISVs and CCPs. Kinetix Trade Management OTC Gateway has built in connectivity and is certified for straight through processing and clearing of OTC trades on CME Clearport.
Kinetix Trading Technologies, a niche technology solutions provider to the Fixed Income community, today announced it has signed an Agreement with Gottex Fund Management Sarl. part of Gottex Fund Management Holdings which is a leading provider of alternative investment solutions and advisory services. Gottex's total fee-earning assets as of 30th June 2010 were US $7.26 billion.
Based on this agreement, Kinetix will implement its Trade Management components to streamline workflow and provide straight through processing to Gottex's fund of funds business.
According to Raj Bhatti, Head of Technology for Alternative Investments at Kinetix, "Kinetix's foray into the fund of funds business is an important first step into providing workflow and automation solutions to this substantial segment of Alternative Investments. Our solutions will be made available through the platform and also as individual components, allowing a wider audience to access them."
Kinetix Trading Technologies (www.KinetixTT.com) provides high-impact technology solutions for broker/dealers, hedge funds, and investment management firms. A niche player in the Fixed Income Cash and Derivatives space, Kinetix's component-based platform and bespoke solutions cover Cross Product Trade Ticketing and Processing, Client Clearing, Risk Aggregation, P&L Attribution, and STP for Affirmations and/or Allocations.