OrderManager enables fund managers and traders to electronically manage the order process, from inception through execution and allocation.

Andy Archer, Development Director at BFT, said: "OrderManager has been very well received by our beta sites. The advantage that OrderManager gives our clients is the tight integration with FundManager. This provides STP without the need to reconcile between OrderManager (the OMS) and FundManager (the PMS). FundManager's P&L will now reflect execution details as they are received in real-time."

OrderManager makes use of FIX technology to send and receive electronic messages to and from executing brokers, ECNs and other pools of liquidity. APT's Enterprise FIX Server is embedded in OrderManager to provide the FIX interface.

Background Note: Beauchamp Financial Technology (BFT) is a leading provider of software solutions and services to both traditional and alternative investment managers. BFT counts some of the leading asset management companies and hedge funds as clients in the world's financial centres.

BFT's trading platform offers a fully integrated suite of functionally rich components that manage and automate the front and middle office. The single core infrastructure on which the application components are built guarantees transaction and data integrity through the electronic trade lifecycle. Support for BFT's clients is provided from offices in New York, London and Hong Kong.