Paladyne Systems, a US-based third party management software provider, has launched a new solution for investment managers, in response to regulatory changes from the Hong Kong Securities and Futures Commission.

As of 18 June, Hong Kong's SFC will require disclosure of net short positions of over 1 per cent held by
substantial (5 per cent or more) shareholders in a listed company, and of all
short positions held by the heads of listed companies.

Ahead of this obligation,
Paladyne announced the launch of a centralised solution within its combined
order management and portfolio management platform, the Paladyne Portfolio
Master, to streamline the required reporting and the disclosure thereof.

According to
Sameer Shalaby, president of Paladyne Systems, the framework will enable
investment firms to rapidly respond to global rule changes with minimum manual
involvement. Through the system, clients will be able generate daily monitoring
reports, along with weekly disclosure to the SFC on relevant short positions.

As part of
Portfolio Master, Paladyne has also co-created an enterprise-wide platform and
toolkit with Advise Technologies to facilitate its hedge fund clients in meeting
the new reporting obligations of the Securities and Exchange Commission.

Paladyne was
acquired by Broadridge, a provider of investor communications and technologies, in 2011 and has around 200 clients
worldwide, including Credit Suisse and ING.