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Danbury, CT – 13 September 2010 – ClearStructure Financial Technology LLC, providers of a leading portfolio management platform, today announced Knight Libertas, a subsidiary of Knight Capital Group, Inc., has successfully implemented ClearStructure’s Sentry for Syndicated Loan Trading (“Sentry LT”) to support trading and operations on the firm’s syndicated loan desk.
“We are very pleased to be working with Knight to bring our trademark functionality and technological superiority to their syndicated loan trading operations,” said Jeremy Hintze, COO of ClearStructure. “ClearStructure’s extensive experience in the syndicated loan markets will help to power Knight’s services in the evolving syndicated loan market.”
Knight sought a single, complete solution that would bring advanced trade/settlement workflow and streamline operations, as well as a real-time P&L. By implementing Sentry LT, Knight gains a complete front-to-back office package allowing for enhanced and customizable workflow to meet the specific requirements of providing liquidity in the secondary syndicated loan markets. Functionality includes trade capture, real-time P&L and position reporting, trade workflow and trade risk analysis.
“Our commitment to our clients drives us to seek the best solutions available,” said Al Lhota, Managing Director, Co-Head of Institutional Fixed Income Sales and Trading at Knight Capital Group. “In choosing ClearStructure, we’ve gained a partner with the flexibility and functionality to meet the idiosyncratic demands of the syndicated loan market.”
Scott Turley, CEO of ClearStructure, said, “Leading participants in the syndicated loan markets recognize the need to increase efficiencies and optimize workflow while minimizing risk and are seeking solutions to help them achieve these goals. We are delighted to be supporting Knight.”
Knight will deploy Sentry LT at their Greenwich, CT and London offices. Sentry LT was designed specifically for traders in the syndicated bank loan market and leverages the latest in web-based technology to deliver powerful functionality and efficiency to loan trading operations.
About ClearStructure Financial Technology LLC
ClearStructure Financial Technology LLC (formerly Atlantic Information Services) provides state-of-the-art technology solutions to the investment industry. ClearStructure utilizes its over fifteen years of direct experience serving trading desks, portfolio managers, operations teams and risk analysts to deliver refined solutions capable of meeting diverse needs. The firm’s products offer robust functionality and help users gain efficiencies in trading, risk management, compliance, reporting and operations for a broad mix of asset types. ClearStructure’s Sentry product suite is used by many of the largest and most respected financial institutions and investment firms in the world. Currently, ClearStructure has offices in Danbury CT, Houston TX and London UK. Find out more at www.clearstructure.com.
About Knight
Knight Capital Group, Inc. is a global financial services firm that provides market access and trade execution services across multiple asset classes to buy- and sell-side firms. Knight's hybrid market model features complementary electronic and voice trade execution services in global equities and fixed income as well as foreign exchange, futures and options. The firm is the leading source of liquidity in U.S. equities by share volume. Knight also offers capital markets services to corporate issuers. Knight is headquartered in Jersey City, NJ with a growing global presence across the Americas, Europe and the Asia-Pacific region. For more information, please go to www.knight.com.