Association Générale de Prévoyance Militaire
(Military Provident Insurance Association – “AGPM”)
selects LongView Trading from Linedata Services
16 April 2007
• AGPM now has a totally integrated front to back office system
Paris – Linedata Services, LDS, a leading provider of software and services to the global financial services marketplace, today announced that AGPM has chosen LongView Trading, the leading solution for portfolio and order management, and pre-trade compliance. This success bolsters the Group’s strategy to offer “best of breed” solutions for all front to back office processes.
Backed by over 80 clients worldwide, including nearly 20 in Europe, LongView Trading is the leading global OMS (Order Management System), which was developed to meet the needs of portfolio managers, traders and compliance managers. LongView Trading was the first OMS to use Microsoft Windows and relational database technologies, offer European portfolio managers electronic trading via FIX, and enable order entry 24 hours a day, 7 days a week, worldwide.
Philippe Auffray, deputy CFO and manager of AGPM investments, explained: “We have been customers of Linedata Services’ Chorus back office solution for a long time; we have now chosen Linedata Services’ LongView Trading system because we require a totally integrated solution combining front, middle and back office functionality to manage our investments and transactions.”
Philippe Auffray comments further: “This global solution will allow us to use our market data providing users with direct access to liquidity while enabling us to issue orders, monitor the compliance of these orders, facilitate administration of transaction slips and confirmations, value our portfolios and integrate transactions in Chorus, to satisfy regulations.”
Jacques Ollivier, Managing Director of the Linedata Services France/Southern Europe region, comments: “We are extremely keen to assist AGPM’s strategy of growth, and this system will be a major boost to AGPM’s productivity and enable the asset management team to concentrate on its core business: analysis of investments and corporate transactions.”
About AGPM
AGPM (Association Générale de Prévoyance Militaire - Military Provident Insurance Association) was founded in 1951 by a military association in order to insure against major risks specific to military activities. Over the years, AGPM has broadened its range of insurance and related products to meet the needs of its members. It insures property and people and it has now expanded its services beyond the defense and security community by rewarding policyholders for introducing friends or family as policyholders. Backed by a presence in France, Belgium and Spain, the Association currently manages over €2 billion of assets and has over a million policies and 630,000 members in its portfolio.