FSL & 7IM Launch iMiX
Financial Software Limited (FSL), together with Seven Investment Management (7IM), announce the launch of IMiX, a unique combination Advisory Order Routing and Discretionary Portfolio Management system for an investment platform.
IMiX is web-based and features flexible Portfolio Modelling and a GIPS compliant Performance Measurement Engine. Both modules are linked to an Order Management System allowing real time trading. IMiX also provides strong reconciliation and reporting, and is integrated with Pershing Securities Limited to provide a seamless transition from order execution to clearance and custody. IMiX also provides interfaces allowing integration with third party client relationship management tools and order capture platforms.
The specifications were provided by 7IM, and the development was by FSL. IMiX will immediately become the order creation and portfolio management tool in the 7IM investment platform, which will place 7IM at the cutting edge of platform design for both High Net Worth and Discretionary Wealth Managers. FSL will be promoting the product, which took over a year to build, to other market participants.
Imran Khan, Managing Director of FSL stated: “This delivery truly represents a supplier working in partnership with their customer. For this to be successful you need an intuitive supplier who has the ambition to work with a customer who is continually enhancing their value proposition through their focus and drive. This allows both partners to break barriers.”
“IMiX simultaneously provides 7IM with unique functionality and scalability. We were unable to find a product that combined the Advisory and Discretionary capabilities, could handle volume generated by our platform and link to the back office, so we built it!”, added Graham Stott, IT Director of 7IM. “IMiX delivers on all these fronts.”
The key features of the solution include:
Flexible Portfolio Modelling. IMiX has the ability to rebalance & group in every possible manner.
Performance Measurement based on GIPS standards. Provides ease-of use for authorised users, there is no need to install the software on local machines. This enables staff to work from any location with Internet access.
Order Management. Trades may be generated through IMiX with an easy to use Trade Blotter.
Comprehensive Automated Reports. Users can choose from the integral reports, run at their request which are available in pdf, excel or standard SQL Server.