Athena extends its lead as an innovator in the OMS/PMS/Investment Accounting marketplace by introducing four new product offerings for Hedge Funds, Institutions, Brokers, and Outsourced Trading Desks
New York, New York
Monday June 1st, 2020
Athena Systems announced new versions of its Spark Investment Management platform to meet the needs of several growing capital markets segments that are underserved by the current vendors and systems.
Underpinning the update is the Spark platform’s ability to be quickly configured to meet each firm’s approach to Portfolio Management, Trading, Risk, and Operations.
“We have updated and re-organized our Spark product to help several different players on both the buy and sell-side of the street,” states Scott Sykowski, Director of Research at Athena. Mr. Sykowski continues, “For example, many order/position management system (OMS/PMS) vendors were forcing users into their ‘one-size-fits-all’ way of thinking about analysis, strategies and workflows; this is clearly absurd, as a manager’s approach is his competitive advantage and he should not be forced into a vendors’ narrow vision.”
Athena Spark has been updated to meet the requirements of the following market segments:
A full-featured, highly flexible Order, E-Trading, and Position Management system (OMS/PMS) that meets the specific requirements of Multi-Strategy, Multi-Prime Hedge Funds and includes superior coverage for alternative assets and their workflows.
A unified platform that integrates Model Management, Rebalancing, Order Management, E-Trading, Compliance, Fund and Investor Accounting, and Client Communication. The platform also includes complete automation for Separately Managed Accounts (SMA).
Defines a new category in FinTech: A real-time platform that allows large, multi-entity firms like Brokers, Banks, and Managers to monitor exposures, P&L, risk, margin, analytics, netting, and more across the entire enterprise.
An entry-level Order, E-Trading, P&L, and Position Management System (OMS/PMS) that can be branded by prime brokers, administrators, outsourced trading desks, and other entities to be distributed to their clients as a value-added service.
These four new Spark versions, paired with Athena’s existing Cloud for Financial Services and new Mobile Surveillance and Notifications Service, completes Athena Systems’ full product offering.
About Athena Systems
Athena Systems is the innovation-focused provider of Athena Spark: the most innovative and flexible platform for investment decision support and automation. Athena provides managers and prime brokers with complete front office and back office functionality to ensure their trading and portfolio management operations are handled as efficiently as possible. Used by 50+ firms globally, Athena uses state-of-the-art technology to provide Portfolio Analytics, Risk, P&L, Compliance, Order Management & Accounting while providing world-class infrastructure and operational risk management. Athena has offices in New York, Boston, Madrid, Austin, Texas, Ho Chi Minh City, Vietnam and Málaga, Spain