Comada’s M.A.T.ware supports Custom House Phase Two CHARIOT launch

May 17th, 2011 Posted by Press 0 comments on “Comada’s M.A.T.ware supports Custom House Phase Two CHARIOT launch”

Second phase of web-based dealing platform offers more advanced features to hedge funds and their investors.

LONDON: Comada, the award-winning provider of transaction-based technology solutions to the alternative investments industry, is pleased to announce that its M.A.T.ware technology has successfully supported the roll-out of the second phase of the CHARIOT Web Dealing Platform by Custom House Global Fund Services this week.

Using its proprietary M.A.T.ware technology, Comada helped Custom House to launch CHARIOT in April 2010. CHARIOT is a robust web-based investment platform that enables investors to subscribe and redeem funds that Custom House administers. The launch of the second phase of CHARIOT brings new enhancements for Custom House clients, allowing investors to also deal in funds that are subject to an equalisation process.

Said Rupert Vaughan Williams, Co-Founder of Comada: “Using M.A.T.ware technology Custom House continues to set new standards for hedge fund investing. The ongoing success of CHARIOT is soundly based on the integration commitment of both groups  We have been very pleased with the way it was possible to mesh M.A.T.ware with Custom House’s existing systems, and we welcome the live deployment of CHARIOT’s second phase to Custom House customers.”

Said Mark Hedderman, Chief Operating Officer of Custom House: “Here at Custom House we are committed to a culture of innovation for our hedge fund clients. We chose to work with Comada because of the group’s ability to deliver solid, institutional grade technology which would meet our own high standards of security and investor confidence.”

Editor’s notes:

About Comada
Comada was founded in 2004 by experts in the hedge fund front, middle and back office areas to develop specialist transaction level software applications. Its M.A.T.ware technology is specifically designed to enable fund of fund managers, their clients and counterparties to significantly enhance their operational risk management capabilities. Greater transparency and accurate liquidity profiling from underlying portfolios are key to the benefits this technology has to offer. Comada’s flagship product, M.A.T. Share, is already enjoying considerable recognition as a ground-breaking tool for industry participants seeking to reduce operational risk by delivering highly scalable functionality through smoother Straight Through Processing capabilities.

About Custom House Global Fund Services
Custom House Global Fund Services Limited (“CHGFS”), which is a member of the Equity Trust group of companies, is the Maltese-based holding company for the Custom House Group of Companies. CHGFS is a Category 4 Licensed Custodian of funds of funds and recognised as a full service fund administrator by the Malta Financial Services Authority (“MFSA”). The primary business of Custom House is the provision of full administrative services to alternative investment and hedge funds, funds of funds, and managed accounts and managed account platforms. In addition to its Malta head office, Custom House, which was established in 1989, also operates through offices in Chicago, Dublin, Guernsey, Luxembourg, The Netherlands and Singapore, and has approximately 290 staff worldwide. With approximately US$48 billion in assets under administration, the firm provides administration services to more than 200 managers, trading through more than 500 investment funds, for approximately 25% of which Custom House provides daily dealing NAVs.