Linedata adds Bitcoin in Global Hedge platform upgrade

Users will be able to trade, book and track bitcoin and other cryptocurrency derivatives.

Linedata has released a new version of its Global Hedge platform to include functions relating to cryptocurrencies.

The Global Hedge platform will now allow users to trade, book and track Bitcoin and other related derivatives.

The update aims to improve efficiency, product delivery flexibility, data management and automation across the portfolio management lifecycle, Linedata said.

The platform allows users to generate orders with real-time analysis, and simplifies the processes of taking on additional counterparties and launching new products.

It also allows for storage and management of extra data that has come about as asset managers and counterparties interact more amid regulatory change.

“Increasing regulation continues to drive dependency on electronic trading, digitisation and real-time reporting - it’s now more important than ever for managers globally to have access to the right data and technology to help them mitigate risks and manage costs,” said Karen Hui, global product manager at Linedata.

“This version of Linedata Global Hedge responds to these evolving challenges and prioritises our clients’ user experience, an important part of our drive to support our clients in staying ahead of the shifting landscape.”