The latest QED news

QED Attends FOX Wealth Forum

Fri, 13 Apr 2012 21:34:01 -0400

QED Financial Systems Announces Attendance at the
Family Office Exchange Wealth Advisor Forum

QED to Raise Awareness of the QED Platform as a Solution for Single Family Offices, Multi-Family Offices, Trust Advisors, and Wealth Managers

QED Financial Systems, a leading provider of financial data management software and services to the enterprise investment community for more than 25 years, announces its sponsorship of the Family Office Exchange (FOX) Wealth Advisor Forum, an annual event offering advisors market insight, networking opportunities and client service strategies.

QED supports numerous family offices and trust advisors in the management of complex investment pools, limited partnerships, and cash management funds, allowing them to fulfill their obligation as trusted financial guardians. QED’s comprehensive technology platform delivers business process outsourcing, data aggregation services, and sophisticated business intelligence reporting to support informed decision-making, ensure compliance, conduct investment analysis, and streamline operations—while promoting efficiency and controlling overhead expenses.

The FOX Wealth Advisor Forum addresses challenges and solutions associated with the increasingly competitive and demanding family wealth management market. FOX is a global membership organization dedicated to supporting ultra high net-worth families and their advisors. The conference will be held in Coral Gables, Florida from April 16 to 18.

“We are looking forward to showing family office advisors how the QED financial data management platform can help them better meet client demands while improving efficiencies and reducing overhead costs,” said Joseph P. Daddario, Vice President of Business Development, QED Financial Systems.

About QED Financial Systems, Inc.:
QED Financial Systems, Inc. has been providing the most comprehensive portfolio management and accounting software platform as a service (PaaS) to asset managers, investment advisors, hedge funds, plan sponsors, treasuries, family offices, and other buy-side firms for more than 25 years. More than 1.3 trillion (USD) in collective global assets are managed internationally on the QED platform. Headquartered in Marlton, New Jersey with regional offices in Reading, Pennsylvania, Seattle, Washington, New York City, and Hangzhou, China, QED Financial Systems was founded in 1987.

Should you wish to obtain additional information about this topic and QED, or to schedule a media consultation with a QED representative, please contact Judy Rosa via telephone at 856.797.1200.

QED Attends GIOA Conference

Fri, 13 Apr 2012 21:09:44 -0400

QED Financial Systems Delivers Successful Presentation at
Annual Government Investment Officers Association Conference

QED and DST Global Solutions Presented Solution for Leveraging Technology to Improve Returns and Reduce Costs to Government Investment Officers.

QED Financial Systems, a leading provider of financial data management software and services to the enterprise investment community for more than 25 years, announced their latest strategic partnership with DST Global Solutions at the 8th Annual GIOA Conference held recently in Las Vegas.

The Government Investment Officers Association is an organization dedicated to the education and training of the country's public investment officers. Its annual conference invites members to gain insight from industry leaders, keep up with best practices, and network with peers. This year, the conference was held from March 21 to March 23 at the Monte Carlo Resort & Casino in Las Vegas, Nevada.

Anthony Castile, QED Senior Vice President and Chief Information Officer, was joined by Jamie Verrengia, DST Global Solutions Senior Vice President, to discuss a joint solution for monitoring investment compliance. The QED Anova business intelligence dashboard provides sophisticated dashboards and analytics for back-to-middle office transparency and reporting. The presentation given by QED and DST focused on how public sector organizations can leverage the QED platform and DST's Anova to reduce operational costs, streamline workflow, and improve returns and ultimately achieve control, order, and coherence from financial data.

"Government investment officers are imbued with public trust and are singularly focused on protecting principal and maximizing returns while minimizing costs," said Castile. "The GIOA conference attendees were excited to participate in the unveiling of a solution from two of the industry's leading providers that will support them in these efforts."

Should you wish to obtain additional information about this topic and QED, or to schedule a media consultation with a QED representative, please contact Judy Rosa via telephone at 856.797.1200.

Director of Marketing

Fri, 13 Apr 2012 20:43:49 -0400

QED Financial Systems Hires to Support Market Share Growth

Lauren Black Parkin, Financial Services Technology Consultant, Appointed as Director of Marketing in Latest Strategic Hire.

QED Financial Systems, a leading provider of financial data management software and services to the enterprise investment community for more than 25 years, announces the appointment of Lauren Black Parkin, a technology marketing consultant with extensive experience in the financial services vertical, as Director of Marketing.

Lauren’s appointment is part of a QED initiative to expand its infrastructure to support recent market share growth. Other strategic hires include Joseph Daddario as Vice President of Business Development and Rajesh Bansal as Vice President of Product Management.

Lauren will lead QED’s efforts to communicate the value and importance of financial data management to profitability, performance and regulatory compliance for institutional investment organizations, particularly plan sponsors, state and municipal treasuries, investment advisors, asset managers, and family offices.

Lauren comes to QED Financial Systems with extensive experience marketing software solutions, specifically for financial services. Over the past decade, she has spearheaded successful international campaigns at leading technology firms as both marketing executive and independent consultant.

“We are very excited to welcome Lauren Black Parkin to QED,” said Joseph Potesta, President and Chief Executive Officer. “Her rare mix of marketing acumen, technology savvy, and targeted industry experience makes her a perfect fit for our company and a highly strategic addition to our rapidly growing team. We look forward to leveraging her expertise to communicate the value of our products and services.”

Should you wish to obtain additional information about this topic and QED, or to schedule a media consultation with a QED representative, please contact Judy Rosa via telephone at 856.797.1200.

Vice President of Product Management

Wed, 25 Jan 2012 11:27:22 -0500

QED Financial Systems Hires to Realize Financial Analytics Goals

QED Financial Systems is pleased to announce the appointment of Rajesh Bansal as its Vice President of Product Management.

Mr. Bansal joins QED Financial Systems from InvestorForce, Inc., where he oversaw the ongoing development of data and reporting solutions for the institutional Consultant and Plan Sponsor marketplace. Previously, Rajesh led the product development efforts at the firm in the creation and launch of their Institutional Investment Plan Universe product.

As a CFA Charter holder, with a Bachelor of Science in Computer Engineering and an Master of Science from the Fox School of Business, Rajesh brings to QED a wealth of industry and technology experience for the continued development of QED's products and services.

As part of his responsibilities with QED, Rajesh will oversee management of QED's investment analytics and financial reporting strategies and solutions, including working with financial solution partners as QED integrates those platforms for the benefit of its clients. Rajesh will also contribute to QED’s technology and management teams to further QED’s delivery of advanced middle office investment analytics and financial data management to the portfolio management community. In short, Rajesh will assume responsibility for QED’s dedication to provide market-leading capabilities that turn its client’s financial data into actionable information.

Joseph Potesta, QED Financial Systems' President and Chief Executive Officer, commented, “Raj is a fantastic addition to the QED team. His exceptional blend of technical and financial knowledge position him as a perfect fit for the execution of our corporate strategy. As a member of QED’s management team, Raj will further extend our market reach and reinforce our commitment to continuous product enrichment.” Joe continued, “We are very pleased to have Raj join our firm in this critical role.”

About QED Financial Systems, Inc.:
QED Financial Systems, Inc. provides comprehensive portfolio management and accounting software platform as a service (PaaS) to asset managers, investment advisors, hedge funds, plan sponsors, treasuries, and other buy-side firms. More than 1 trillion USD in collective global assets are managed internationally on the QED platform.

Should you wish to obtain additional information about this topic, or to schedule an interview with a QED representative, please contact Judy Rosa via telephone at 856.797.1200.

QED Completes SSAE No. 16

Fri, 28 Oct 2011 11:44:09 -0400

QED Engages Brightline to Conduct Service Organization Controls Report

QED Financial Systems announces availability of an Independent Auditor's Report on a Description of a Service Organization's System and the Suitability of the Design of Controls (SSAE No. 16).

Many years before the Sarbanes Oxley Act made the Statement on Accounting Standards No. 70 (SAS 70) Audit a necessity for publicly held companies, QED recognized the importance of standardizing the internal controls used to provide QED software as a service and the benefits these controls provide to our clients and partners.

QED Financial Systems is privately held and owned and although not subject to the same requirements imposed by the Sarbanes Oxley Act for SAS 70 audits, believes that the services provided to QED clients and partners must be commercially reasonable and reliable.

QED engaged Brightline, a licensed Certified Public Accounting firm registered with the Public Company Accounting Oversight Board, to conduct an independent Service Auditor’s Report in accordance with the Statement on Standards for Attestation Engagements No. 16 (SSAE No. 16) as set forth by the American Institute of Certified Public Accountants.

The SSAE No. 16 is an enhancement to the former standard for Reporting on Controls at a Service Organization, the SAS 70. SSAE No. 16 enhances the SAS 70 with up to date international service organization reporting standards (the ISAE 3402) and is effective as of June 15, 2011.

Brightline completed the Service Organization Controls type 1 (SOC 1) report under the SSAE No. 16 standards for QED in the 3rd Quarter of 2011 and this report is now available to QED clients. Brightline and QED will continue the SSAE No. 16 engagement to prepare and publish an SOC 2 report expected in the 2nd Quarter of 2012.

In addition, QED has partnered with Directlink Technologies to provide and manage a new client and partner data center facility on behalf of the Company. Directlink Technologies’ facility is a SAS70 Type II, tier certification level 3 (as certified by the Uptime Institute) full redundant and fault tolerant data center located in Reading, Pennsylvania.

This facility provides a scalable and repeatable technology environment for QED including high-speed data transport, data center colocation, and managed technology services. Directlink Technologies has an extensive broadband fiber optic network servicing the Northeast, Mid-Atlantic and Midwest regions of the United States, a 300,000 square foot high tech office complex with 80,000 square feet of data center space, an extensive and fully functional data center supported 24x7x365 and an experienced application development and support organization.

Essential to Directlink's capability is their fiber optic network that houses central office hubs for six primary network carriers and is the central hub for 29,000 miles of FirstEnergy Telecom fiber on a Cisco network infrastructure. The data center and technology center, including 80,000 square feet of raised floor data center space is located in a resilient building structure above and below ground located 60 miles from Philadelphia and 125 miles from New York City. The energy service consists of separate primary substations on three switchable 3 Megawatt lines with 13.2 KV per line. Redundant emergency power is provided by three 500 KVA parallel, wet cell UPS units and multiple 1250 KW generators with 15,000 gallon diesel fuel capacity supplied under two separate service contracts. Redundant cooling service is provided by three 230 ton Trane units (two with heat recovery) and one 250 ton Trane unit. Halon gas fire suppression is employed throughout the data center using early warning sensors in all hot aisles.

The 20 acre Directlink Technologies campus is manned 24 hours a day with operators on duty to provide any level of services needed. Card-key access to computer rooms can provide any level of security needed, including secured computer rooms with limited entry, bolstered by a full-time guard service with CCTV camera coverage of the entire campus.

About Brightline:
BrightLine is a licensed Certified Public Accounting firm registered with the Public Company Accounting Oversight Board. Brightline is one of the few CPA firms in the United States accredited as a Qualified Security Assessor (QSA) company by the PCI Security Standards Council. BrightLine is an accredited ISO/IEC 27001:2005 (ISO 27001) certification body with the ANSI-ASQ National Accreditation Board (ANAB), the U.S. accreditation body for management systems. BrightLine is the first provider that can perform SAS 70 audits, SSAE assessments, PCI-DSS compliance validation, and ISO 27001 certification services.
Originally known as “SAS 70 Solutions”, BrightLine was the first CPA firm in history to have SAS 70 audits as its primary service line. Following rapid market penetration, Brightline’s SAS 70 / SSAE 16 practice has grown to a size comparable to those of the “Big 4” global accounting firms making BrightLine one the largest CPA firms in the United States without providing traditional accounting services, such as financial statement audits or tax preparation services.

Should you wish to obtain additional information about this topic, or to schedule an interview with a QED representative, please contact Judy Rosa via telephone at 856.797.1200.

QED Opens West Coast Office

Fri, 28 Oct 2011 10:39:41 -0400

QED Adds West Coast Staff for Regional Client Support

QED Financial Systems announces the opening of its west coast client support and accounting services office in Seattle, Washington.

The opening of the Company's west coast office is in response to an increased client presence within the region. With the new facility, QED Financial Systems will better assist clients with technical support, product questions regarding the use of the QED platform, outsourced accounting services, as well as providing local training and other professional services to existing and new clients.

With the addition of its west coast office, QED Financial Systems provides enhanced client support and accounting services with expanded service hours, allowing clients the advantage of collaborating with the QED support team within the Pacific, Hawaiian, and Alaskan time zones.

Sharon Kelly, QED Financial Systems' Accounting Services Manager, commented, "Our newest office in Seattle enhances the abilities of the QED team to work with our clients on a regional level." Sharon added, "QED West, headed by team member Shelene Pedersen increases the depth of QED product knowledge and significantly increases the resources available to our clients located in the Western United States, Western Canada, and Pacific locations. Shelene's investment accounting experience, competence with the QED platform, and the genuine care and guidance she imparts to our clients is a benefit QED is pleased to provide to our clients".

QED Financial Systems maintains a steadfast commitment to providing the highest level of service to its clients in the use of the QED platform as an enterprise financial data management system - a system that is unparalleled in the industry for real-time portfolio accounting, cash management, securities movement and control, investment general ledger, and business intelligence reporting.

Quality, integrity and longevity – the cornerstones of QED's corporate beliefs – have served QED and its clients well for more than 24 years. QED is proud to have an unblemished reputation in the financial industry – both with its peers and with its partners - a reputation that focuses exclusively on providing value to its clients.

Should you wish to obtain additional information about this topic, or to schedule an interview with a QED representative, please contact Judy Rosa via telephone at 856.797.1200.

QED Appoints Vice President of Technology

Fri, 28 Oct 2011 10:27:34 -0400

QED Financial Systems Hires to Fulfill Strategic Technology Vision

QED Financial Systems is pleased to announce the appointment of Rodger Delany as its Vice President of Information Technology.

Mr. Delany joins QED Financial Systems from ImpactRx, Inc., where he was the Senior Director of Information Technology managing the infrastructure and data architecture for the company. Previously, Rodger served in technology management roles at Vertical Screen, Ziff Davis Media, and Comcast. Rodger is a graduate of Rutgers, The State University of New Jersey where he obtained a degree in Physics.

Rodger brings a wealth of information technology management expertise to QED, where he will provide direction and oversight of the Company's long term strategic vision for systems and network infrastructure, communications security, service level commitment, and client technology support.

Rodger will lead QED clients and the Company in the deployment and implementation of new systems and networking technologies to take advantage of innovations being developed for the QED platform including the Quantum Financial Desktop and sophisticated portfolio analysis services through the integration of the QED platform with industry leading risk and analytics software partners.

Kim Hoover, QED Financial Systems' Senior Vice President and Chief Operating Officer, commented, "I am happy to say this is the third opportunity I have had to work with Rodger over the last ten years. His addition to our executive team comes at an ideal time as QED focuses our energies on growth across market sectors and with existing clients through new product capabilities". He added, "His proven track record of engineering scalable technology platforms for demanding business domains gives QED an added advantage in delivering best in class solutions in a competitive market".

Should you wish to obtain additional information about this topic, or to schedule an interview with a QED representative, please contact Judy Rosa via telephone at 856.797.1200.

QED Platform v2.14.65

Thu, 06 Oct 2011 13:21:35 -0400

QED Financial Systems announces the availability of the QED platform version 2.14.65. The QED Portfolio Accounting and Reporting platform for streamlined straight-through investment management workflow supports institutional asset management businesses from strategy to balance sheet.

Version 2.14.65 includes new features for web-based financial statement publishing, FIX messaging protocols for the integrated order management system, expanded relational data warehouse capabilities, expanded derivative and alternate investment vehicle coverage, among many other enhancements including:

The Quantum Financial Dashboard is a new option for publishing and managing financial information.
Enhancements to the Reporting Library and Report Viewer improve presentation of financial analysis.
Improved Rebalancing and Straight-through Trade Settlement for increased efficiency.
Enhanced Cash Management and Settlement features enrich intraday operations.
Improved Multi Currency features for increased efficiency.
Enhanced Fixed Income Accrual methods, procedures, and reporting.
Enhanced Derivatives Accounting for interest rate, currency, total return, equity, index and fixed income swaps.
Improved Reconciliation rules and automation processes enrich operational effectiveness.
Improved Performance Rates of Return and Analytics evaluation methods enhance portfolio management.
Enhanced Limited Partnership Accounting features expand recordkeeping and accounting.
Enhanced Accounting Controls simplify operational processes and improve traceability.
Enhanced Market Data Services for early pricing, security master data, and corporate actions processing.
Expanded Audit Trail architectural features improve accountability.
Enhanced iPAS business rules improve commingled fund operations.
Improved User Interface features increase ease-of-use and flexibility.

Additional information regarding the QED platform and the latest available release can be obtained by contacting QED Client Services at 856.797.1200.

QED Adopts OCC Options Symbology

Thu, 06 Oct 2011 17:16:57 -0400

QED Adopts OCC Identification for Options Pricing and Security Master Setup

QED Financial Systems has incorporated the Options Clearing Corporation's (OCC) Options Symbology Initiative (OSI) into the QED financial data management and portfolio accounting platform.

The Options Symbology Initiative, headed by the OCC, replaces the five-character symbols traditionally used to identify US and Canadian options with a 21-character descriptor (Symbology Key) that explains the underlying option at a glance.

The 21-character option identifier consists of, in order, the option root symbol (the underlying equity ticker symbol of the contract), the contract expiration date, an option type indicator (call or put), and the strike price.

The OCC options identifier can be used interchangeably within the QED platform with other vendor-specific pricing identifiers such as Bloomberg's two-character code, Interactive Data's 8-character CUSIP-like identifier as well as with client-defined custom identification mapping schemes. The QED platform automatically returns the corresponding underlying security characteristics, contract terms, and pricing information given any combination of terms or identification.

Anthony Castile, QED Financial Systems' Senior Vice President and Chief Technology Officer, commented, "Full integration of the OCC options identifier within the QED platform continues QED's unwavering commitment to our clients to keep their enterprise investment operations and portfolio management system in pace with the continued evolution of the global financial industry." He continued, "The elegant architecture of the QED platform provides for rapid development and deployment of enhancements and features to ensure our clients are continuously able to concentrate on their investment business with the knowledge that their financial data management system will support their objectives."

Should you wish to obtain additional information about this topic, or to schedule an interview with a QED representative, please contact Judy Rosa via telephone at 856.797.1200.

The latest QED news

QED Attends FOX Wealth Forum

QED Financial Systems Announces Attendance at the Family Office Exchange Wealth Advisor Forum

QED to Raise Awareness of the QED Platform as a Solution for Single Family Offices, Multi-Family Offices, Trust Advisors, and Wealth Managers

QED Attends GIOA Conference

QED Financial Systems Delivers Successful Presentation at Annual Government Investment Officers Association Conference

QED and DST Global Solutions Presented Solution for Leveraging Technology to Improve Returns and Reduce Costs to Government Investment Officers.

Director of Marketing

QED Financial Systems Hires to Support Market Share Growth

Lauren Black Parkin, Financial Services Technology Consultant, Appointed as Director of Marketing in Latest Strategic Hire.

Vice President of Product Management

QED Financial Systems Hires to Realize Financial Analytics Goals

QED Completes SSAE No. 16

QED Engages Brightline to Conduct Service Organization Controls Report

QED Opens West Coast Office

QED Adds West Coast Staff for Regional Client Support

QED Appoints Vice President of Technology

QED Financial Systems Hires to Fulfill Strategic Technology Vision

QED Platform v2.14.65

QED Adopts OCC Options Symbology

QED Adopts OCC Identification for Options Pricing and Security Master Setup

QED Financial Systems Announces Attendance at the
Family Office Exchange Wealth Advisor Forum

QED Financial Systems Delivers Successful Presentation at
Annual Government Investment Officers Association Conference