IM Links Buy Side with Trades and Research: HedgeWorld

The latest version of IMTRADER™ is geared to make the product friendlier to hedge funds that need access to research and order management systems.

"It's designed for a buy-side firm that doesn't want to invest in a six-figure, high-cost trade order management system," said Furqan Nazeeri, chief executive of Pivot Solutions, the company that offers IMTRADER™.

IMTRADER™ 3.0 also features trading enhancements to the AOL Instant Messaging compatibility introduced earlier this year. IMTRADER now can be used as a lightweight order management system. Hedge fund traders have access to multi-broker trading, electronic trading, automated end-of-day reporting and the ability to import and export reports to and from Excel for modeling purposes, Mr. Nazeeri said.