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.