We are pleased to announce our fourth FPM user in the Caribbean. The new FPM user is offering a mixture of stock broking and private banking services to its international clientele who are able to see their statements on the Internet via webFPM (FPM's Internet portal).

We are pleased to announce the launch of a new FPM Module for automating the post trade execution process. The new module which interfaces to Northern Trust Web Trade Services (NT-WTS) platform fully automates the post- trade execution process. Orders entered on FPM Order Management System (which are subject to the usual pre-trade compliance checks) are sent to NT-WTS electronically (FTP). The messages which are in XML format are encrypted and decrypted at each end. A log file keeps a record of all outward and inward messages. On receipt of the orders, NT WTS responds with confirmation and match messages as appropriate. A dashboard displays the status of trades in real time. The response from NT WTS is automatically read by FPM and the back office is alerted in real time about the status of the post-trade execution process.

We are pleased to announce our third FPM user in the Caribbean. The new FPM user is offering a mixture of stock broking and private banking services to its international clientele who are able to see their statements on the Internet via webFPM (FPM's Internet portal).

The look and feel of webFPM (FPM's client portal) has been revamped. webFPM is now published entirely in HTML. The functionality of the portal has also been expanded by addition of a portfolio summary by currency/sector/country (with a bar chart) and drill function which shows the trade history (click on a position on the valuation page).

The new module is available with version 8,26 released today. The Reconciliation Module compares data items maintained on FPM against data maintained by the custodian. Custodian data and the result of the comparison are saved into an audit file. The following comparisons are made: - Number of shares, cost and market value of holdings - Free cash and outstanding settlements. The module offers the following features: - Positions which do not match are highlighted (user defined tolerance levels). - Integrated drill down function to view the trade history.

Until now, FPM users were handling CFDs like plain vanilla futures with work arounds for handling financing charges and margin calls through the cash management functions. This approach worked well and no reason to abondon it if you are satisfied with the method. However, bear in mind that we have now introduced a new instrument type for CFDs which bind the financing charge and margin call calculations with the trades directly.

AmazonFPM is a replacement for webFPM. At present webFPM is hosted on your local server alongside FPM. AmazonFPM will host the same service on a server maintained by Amazon EC2 . You may have come across references to Cloud Computing in the news. This is the beginning of it ! In due course you may wish to host FPM itself on the Amazon (see news release 31March2010 below). In this case we propose moving just webFPM. The principal advantages of hosting webFPM on Amazon is that the system is guaranteed to be up and running non-stop 365/365 - unattended. Another important advantage is security; you would no longer expose the IP address of your local server (as you have to do by hosting webFPM on your local server). From the view point of operation, there is nothing new for the end user. The publication of the reports will proceed through the same FPM function which will now automatically export the reports to the Amazon server via FTP.

We are edging closer to workerless office. Hope we shall save a few more hours for you with the new reconciliation function which compares FPM against custodian automatically. The custodian must of course provide a computer file containing positions held by them to enable the function. This file should contain a few data items (such as the client number, ISN, holding, price, cost, liquid cash and outstanding amounts). A simple coma delimited file is sufficient. The custodian file is imported into FPM and saved for future reference. A report is then created where in-house and custodian positions are displayed side by side highlighting differences. A mouse click will let you drill down to identify the cause of the differences.

With the new FPM release (8.20), you now have an option between a pull down and a tree menu.

FPM SWIFT Trade Settlement Interface (FPM Viewfinder Module) can now send out messages for settlement of bond trades as well as equities.

We are pleased to announce our second FPM user in the Caribbean. The new FPM user is offering a mixture of stock broking and private banking services to its international clientele who are able to see their statements on the Internet via webFPM (FPM's Internet portal).

Do we have news for you!

FPM can now be hosted on Amazon. It is not quite another button next to books and movies yet, but it is pretty close. You can now access cloudFPM & webFPM wherever you are, whenever you want. No need to keep a server at the office any longer.

To put it simplistically, it looks like we have finally come full circle from PCs back to mainframes. The service provided by Amazon (and many other competing service providers - under the marketing name "cloud computing") looks practical and economical. An interesting aspect of the new technology is its downward compatibility. There is no need to develop new software. You can run all your legacy applications on the "cloud"

The service provided by Amazon, named Amazon EC2, is described as a virtual computing environment where any operating system / software can be hosted. A user friendly interface is provided which can be used by a computer literate person to set up an image of their usual server configuration (operating system, application software and data). You pay only for the resources that you actually consume, like instance-hours or data transfer.

In our tests, we have installed Windows Server 2008, Microsoft Office and the FPM application running on Foxpro 9. The performance of the system was very good indeed. Login is fast. The system is up 24/24. The speed of execution of the applications were comparable / better than LAN. The test platform is live now. Let us know if you want to try it out.

PS. A note of explanation might be helpful at this stage about the new FPM product names mentioned in the headline. cloudFPM comprises the usual front and back office functions. webFPM is the usual FPM portal for delivering reports to your clients.

The new module launched today converts data into charts at the click of a button. Please check the following examples:Performance Report.xls, Valuation Report.xls

With the new FPM release Excel reports run about ten times faster than before.

Excel reports now have a button which automatically filters out detail rows and columns. For example, supposing that you have a valuation report grouped by sector and country. On clicking this button the holding rows will be hidden from view, exposing just the totals by sector, country. That is, the detail report is transformed into a summary report. The button is presented on any user defined report automatically.

Did you know that you can use the Order Wizard for generating automatic buy (sell) orders for new subscriptions (redemptions)? Here is how: Post the subscription (redemption) to cash journal as usual and run Limit End of Day. Holdings will now be under-invested (over-invested for redemption). Now run the Wizard (for the initiated: BuyIdea > Import Target % File > Top Up option). The Trade File is now prepared automatically. One more click will send the trade file to the front or back office as required.

We announce three enhancements for the price of one. First, the maximum number of segment classes (for performance attribution analysis) has been expanded from four to hundred. Second, the contribution of security performance to segment performance and the contribution of segment to portfolio performance can now be shown in a single report. That is, the report provides a "bottom up" answer to the question; What is the security performance and what is its contribution to segment and portfolio performance? Last but not least, the new release permits you to separate currency and price performance. We should stress that the enhancement is implemented without adding any new input load and can work retroactively.

Our civilisation is enrichened with new rules every day. We do our best to keep up. This month we have contributed two new rules. First, you can now add to your client mandates a spread of countries (or any other security property for that matter, but country sounds like a more tangible scenario). An example, should clarify the gobbledygook. For example, you can now begin promising that you shall invest in at least 10 countries out of the 195 available. Second, we have introduced a "dynamic" rule. This is a bit more difficult to explain. Let's try an example again. You say that "the sum of all holdings which are greater than x% will not be larger than y%" in a given portfolio" (or group of portfolios). The "dynamic" bit is related to the calculation of x% and y% on the fly during rule checking. That's all for October rules. We'll be back with more rules in November.

We would like to announce the availability of a new module for downloading data online from the Bloomberg Terminal. The new module is named FPM-BB Live.

Background reading; up till now, FPM had an interface to Bloomberg Data Licence. Some of you may well ask what is BB Data License ? Bloomberg says: "The Data License Per Security Product allows a customer to access financial information on a per security basis by customizing their own requests, or submitting an order, in which Bloomberg processes and replies back with the information requested within one minute." So, we suppose it works out like this; you can use BB Live for on-line updates and BB Data Licence for end of day and historic updates. However, BB Live may be sufficient for end of day valuations also. For you to choose.

The new version of FPM released today allows the user to choose their favourite database. Has someone mentioned Microsoft SQL Server? Or, are you an Oracle fan? No problem. We don't want anyone to feel discriminated against. How did we achieve such heights of flexibility? You may well ask. Simple really. We have retained the front end Foxpro client system in its entirety (why throw the baby out with the bath water). Facing you on the screen is the tried and trusted FPM application which communicates with the server at the back end through a connectivity layer.

We announce the availability of the new FPM - MSN Quote Module. The module updates FPM Historical Price, Exchange, Index Files on-line from the MSN Quotes service provided by Microsoft (free of charge!). In keeping with the Microsoft tradition, we might just donate the licence fee for this new FPM module for charitable acts.

We are pleased to announce a new FPM user in the Caribbean. FPM has just gone live on the Turks and Caicos Island after an enjoyable implementation program of two months. The new FPM user is offering a mixture of stock broking and private banking services to its international clientele who are able to see their statements on the Internet via webFPM (FPM's Internet portal which provides access to client reports published automatically from our very own FPM Scheduler Module).