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Quintillion launches proprietary reconciliation suite Q Match for CTA sector

Release Date: 1 July 2010

Dublin, 1 July 2010 - Quintillion Limited, an independent hedge fund administration firm, has released an enhanced version of its proprietary reconciliation suite, Q Match, incorporating automated Open Trade Equity reconciliation modules for the Commodity Trading Advisors (CTA) sector. Q Match provides a fully automated platform for daily reconciliation of positions, profit and loss data, cash and unrealised gains and losses between Quintillion and numerous Portfolio Management Systems and Prime Brokers. The automated Cash and Open Trade Equity reconciliation modules ensure effective and efficient interfaces between clearing brokers and counterparties to Quintillion’s fund accounting records on Advent Geneva.

The Open Trade Equity Reconciliation module enables high volume trading CTA clients, and similar funds, an automated and efficient reconciliation of the marked to market value of open commodity futures positions to clearing brokers. It also negates the process of adjusting time stamps on trades to match Geneva to the broker. The associated cash reconciliation tool ensures all cash accounts in each currency are reconciled automatically with data files provided by the various brokers. This eliminates the need for spreadsheets and their associated risks. This platform ensures enhanced compliance control combined with full transparency on reconciling data, providing a comprehensive reporting suite for managers.

Q Match has been fully integrated with Q Control, Quintillion’s proprietary dashboard. The implementation of Q Control facilitates a true exception based environment ensuring increased transparency and accountability within a strict control setting, providing a unique and outstanding service to the client.

About Quintillion
Quintillion is an independent fund administration service provider established in 2006. The majority ownership of the company is shared by the management and staff, with a 25% minority share owned by a US seed investor. Quintillion provides a complete suite of fund administration and back office support along with shareholder services to a wide variety of clients. Experienced accounting and investor services professionals, coupled with leading technologies which are deployed in an innovative manner, are at the core of its ability to deliver superior fund administration solutions to hedge funds and asset management firms. Our client base of hedge fund managers, institutions and corporations run a broad selection of investment strategies and fund structures that are serviced by client focused teams.

Joan Kehoe
Chief Executive Officer - Quintillion Limited
Phone: +353-1-5238001 / Mobile: +353-87-2390665
Email: joan.kehoe@quintillion.ie
Ken Somerville
Head of Business Development - Quintillion Limited
Phone: +353-1-5238003 / Mobile +353-87-131-9552
Email: ken.somerville@quintillion.ie