News

31 January 2011 FundLine-R continues to gain market share

The trailer fees and other commissions of more than 20 asset management companies are now calculated, paid out or reinvested using FundLine-R.

FundLine-R is one of the leading systems for commission processing in the investment fund industry.

The most important success factors include:

• the high flexibility of the system
• the ideal system support during the entire process chain
• the focus on our customers

The use of online fund-R reduces the operational risk (in particular the risk of overpayment) and significantly increases the transparency of the entire process.

29 April 2010 abraxas moves to energy provider that delivers regenerative energy

Most energy providers deliver electrical power from a mix that consists mostly of non-renewable energy sources. They often tell customers that the company takes care of the environment. However, in reality they use RECS certificates.

abraxas GmbH has decided to move to the energy provider . "naturstrom" delivers electrical power that is based on 100% renewable energy. Additionally, they use a fraction of the energy price to pay for the installation of new equipment.

Through this decision, abraxas shows its commitment concerning responsible use of resources.

10 March 2010 Beta-Version RiskLine-P 10.0 goes into the test phase

Our price quotation delivery and validation system, RiskLine-P, has been in use and constantly upgraded for over 10 years. In keeping with that, we have recently redesigned the system in response to the perpetually growing demands on price quote delivery and validation.

We emphasized the following in the new conceptual design:

• Improvement in the quality of the price quotes through new validation methods
• Expanded support of structures (e.g., validation of interest rate curves)
• Performance enhancement in price quote delivery and validation
• Increase in delivery quality through an alternate module
• User-friendliness, particularly through

- the use of the most up-to-date filters and sorting possibilities
- the visualization of price performance
- the consideration of individual GUI approaches

Furthermore, RiskLine-P 10.0 offers an array of new features which will support the user even more in the future, e.g. with the processing of critical prices.

25 February 2010 State Street Bank goes for FundLine-R-Get

With $18.8 trillion in assets under custody and administration and $1.9 trillion under management (as of December 31, 2009), State Street is one of the world's leading providers of financial services to institutional investors. State Street maintains operations in 25 countries covering all major investment centers.
State Street Bank's decision confirms the leading position of our software solution concerning commission processing. The basis for a successfully long-term cooperation was built by signing a global frame contract for the State Street Group.

10 February 2010 IFDS processes balance based commissions using FundLine-R-Pay

International Financial Data Services (IFDS), one of the worldwide leading Global Transfer Agency Providers, applies FundLine-R-Pay for the processing of balance-based commissions. The high flexibility of the software was essential to this decision. This ensures that IFDS can satisfy the increasing requirements of clients in the future. The system supports the complete process from the commission calculation and reporting up to the payment and/or reinvestment. It enables users to handle registered as well as bearer shares.

20 May 2009 New look for our websites

Our websites have been completely redesigned and placed on a new technical foundation. They are based on the content management system Drupal. The layout is a pure CSS layout and, therefore, flexible and modern.

12 May 2009 Intelligent OTC data collector

The Nord/LB Luxembourg uses the new OTC Data Collector from abraxas for the preselection of prices of OTC-traded bonds. In terms of bonds which are either mostly or exclusively traded OTC, all buyers/sellers must be considered simultaneously when selecting a fair market price. Using methods from artificial intelligence (AI) the collector chooses a market price. That decision-making process is based upon how an expert would make those decisions.

4 May 2009 Tiger Award for Asset Navigator

We have learned today that Mr. Wagner of Union Investment has recently received the coveted Tiger Award. This prize is given out annually for ideas, tools etc. which have most taken sales to the next level. As its “intellectual father,” Mr. Wagner received the Tiger Award for the software tool “Asset Navigator”. abraxas has successfully implemented the tool in accordance with Mr. Wagner's ideas. The system has been enthusiastically taken up by sales people and has since become indispensable to their daily work.

30 April 2009 New quality assurance procedure

abraxas has introduced a new quality assurance procedure for software development and support. To that end, a VMware ESX server farm was set up in order to be able to recreate the individual customer environments as faithfully as possible. Each customer installation is stored on a virtual machine and new developments and updates are tested there before distribution. With support inquiries, the customer's inquiry can be simulated in the corresponding customer environment. In addition, an automatic alignment of the development environment with the customer environment is made possible. In conjunction with the proven systems for the tracking of customer inquiries and the support Wiki, we are well-prepared, now and in the future, to offer optimal support.

13 April 2009 New FundLine-R version completed

Version 5.5 of the “Get” variant of the FundLine-R system is now complete. It offers an array of innovations which make it even more efficient.

28 February 2009 abraxas: member of the DMFSA initiative

abraxas is a member of the design group of the “Dematerialised Mutual Fund Sales Agreements” (DMFSA) initiative. A goal of the initiative is to make sales agreements of funds available in an electronic format that can be transferred to the appropriate backoffice systems directly and be processed (Straight Through Processing – STP). Members of the initiative are capital investment trusts, transfer agents, banks and software providers. Links to further information: http://www.dmfsa.info/ or the SWIFT community https://www.swiftcommunity.net/DMFSA

23 January 2009 abraxas re-certified as a Microsoft Certified Partner

abraxas has been a Microsoft Certified partner since 2004 and has achieved a high level of competence in custom development solutions. This is evidenced by two of abraxas' employees who have passed the requisite examinations to qualify as a Microsoft Certified Professional Developer (MCPD). abraxas has, therefore, cemented its place as a professional partner for individualized software solutions.

14 January 2009 HVB Luxembourg introduces new version of OMS

Since the new version of the order management system (OMS) is now available, HVB Luxembourg will introduce this version in the context of its standardised asset management.

19 November 2008 Hauck & Aufhäuser implements new MiFID-ready version of FundLine-R

Frankfurt-based private bank Hauck & Aufhäuser is now carrying out the billing of trailer fees with the new MiFID-ready version of FundLine-R Get. In doing so, standardised user administration will also be employed.

17 October 2008 Research project successfully completed

A research project supported by the European Union and the Saarland finance ministry to identify “suspicious” holdings reports within the context of the processing of trailer fees was successfully completed.

16 May 2008 swissrisk AG and abraxas become partners

The successful and proven co-operation between abraxas and swissrisk AG has been affirmed by the signing of a partnership contract. With its middleware specialising in financial services, X-Gen, swissrisk possesses a tool that displays its strengths when it comes to process optimization (e.g., Swift) and the integration of market data (WM, Telekurs, etc.).

15 April 2008 User administration standardised

Through a redesign, the user and application administration for all abraxas products have been standardised and now use C#-based code. This module is thus now available to our customers.

31 March 2008 extension for FundLine-S

FundLine-S - our system for automated settlement has been upgraded to a deposit management system.

31 August 2007 Nord/LB Luxembourg chooses RiskLine-P and RiskLine-M

Nord/LB Luxembourg has chosen the RiskLine-P system from abraxas to meet its market data verification needs. RiskLine-P enables the user to verify the market data from a central point and to make validated prices available to other systems.
The control of companies' market equity is performed by abraxas' RiskLine-M solution.

15 August 2007 HVB Luxembourg processes trailer fees with the new MiFID-ready version of FundLine-R-Get

HVB Luxembourg is introducing the new 'Get' version of FundLine-R to control trailer fees and provide MiFID-compliant reporting. FundLine-R Get not only reduces the necessary workload significantly, but also assures systematic, complete, and audit-proof control of the commission amounts.

The system also supports the identification of unused earnings opportunities.

3 August 2007 abraxas receives public support for research and development

From the point of view of capital investment trusts, overpayments of trailer fees represent an enormous financial risk.
abraxas has developed a novel concept for considerably reducing this risk.
We are pleased that abraxas GmbH's innovative approach is so convincing that the EU and the Saarland support this R+D-Project.
Interested capital investment trusts are able to participate in the pilot phase.

5 Juli 2007 UBS Fund Services Luxembourg selects DC Page from abraxas' RiskLine-Suite

The adoption of this tool allows information on adjuster pages to be read and processed.

The advantages

• Simple, graphically supported configuration of queries
• Possibility of an online test before the active adoption of the query
• An automated warning is given when making critical changes on the adjuster page
• The system automatically identifies and corrects more minor changes on the adjuster page

5 April 2007 Announcement of a New MiFID-compliant Version of FundLine-R Get

The FundLine-R Get system is currently being upgraded in order to fulfil the requirements of the EU guidelines for securities trading - MiFID (Markets in Financial Instruments Directive).
The new version will be available before the new EU directive takes effect (November 2007).

More detailed information about the FundLine-R product line can be found here.

23 March 2007 abraxas turns 15

The software development company known as abraxas GmbH is celebrating its 15th anniversary with customers, friends and other interested parties on 23 March.
This is a substantial amount of time in the fast-paced field of software development, and it attests to the continuity and enduring business relationship that abraxas has had with its clients and partners for the last 15 years. That is certainly cause to celebrate.

Happy birthday!

11 April 2006 Hauck & Aufhäuser Investment Gesellschaft S.A. decides to use FundLine-R

Hauck & Aufhäuser Group is already using FundLine-R for processing encashment of trailer fees. The luxembourgish investment company of Hauck & Aufhäuser Group has decided to introduce FundLine-R.

Hauck & Aufhäuser Investment Gesellschaft S.A. pays trailer fees to counterparts. They will use FundLine-R for automation of all activities associated with the processing of trailer fees. The following highlights are worth mentioning:

• Flexible integration of stock reports from counterparts and custodians
• Consider balances on investment accounts
• Management of balances by using checking routines
• Calculating trailer fees
• Reporting and billing for internal and external purpose

For more information about FundLine-R, click here.

10 April 2006 abraxas researches the processing of trailer fees

The importance of trailer fees (retrocession, portfolio-based commissions) is increasing with the success of investment funds and certificates. Processing of trailer fees is under examination by the following market study.

Share your expierence in processing trailer fees and take part in this study. You will obtain the results of the study and you will have the chance to win an mp3-Player.

Questionnaire (in german)

23 February 2006 English website online!

Our English-language Website is online. We welcome all English-speaking visitors and are happy about your interest in our company and our software solutions. You may reach the English / German version of the site by using the language selector in the top right position of every page.

23 August 2005 Württembergische Hypothekenbank AG introduces RiskLine-P

Our partnership with the Gesellschaft für Anwendungssoftware mbH is bearing its first fruit. The Württembergische Hypothekenbank AG in Stuttgart is now a user of the abraxas market data solution RiskLine-P. For the Württembergische Hypothekenbank AG, the use of RiskLine-P facilitates

• easy, cost-effective integration of market data (quotes, master data) from various sources such as Reuters, Bloomberg and fair value calculators
• automated quality control of market data
• supplying target systems with consistent market data.

This cooperation unites the expertise of two system suppliers for the banking industry. abraxas works only with the best companies in their respective fields, building up partnerships with established system suppliers. This facilitates fast, cost-effective implementation of high-quality solutions to the benefit of our mutual customers.

For more information about RiskLine-P, click here.

29 July 2005 Additional product introduction of FundLine-R in the Hauck & Aufhäuser Group

The success of our solution for processing trailer fees is spreading throughout the Hauck & Aufhäuser Group. Based on its successful use in practice at Hauck & Aufhäuser Banqiers Luxembourg S.A., the abraxas solution FundLine-R has now been implemented at Hauck & Aufhäuser Privatbankiers KGaA in Frankfurt as well.

For more information about FundLine-R, click here.

23 June 2005 New cooperation partner: Gesellschaft für Anwendungssoftware mbH

The Gesellschaft für Anwendungssoftware ("GfA") is a software provider and IT consultancy for financial services providers. As a supplier of the standard software PARIS, GfA is well-established in the mortgage banking sector.

The cooperation involves supplying the mortgage banking system PARIS with market data that has been checked for quality via the vendor-independent RiskLine solutions by abraxas. Banks that use PARIS can thus take advantage of the following options:

• cost-effective, simple integration of market data from any data vendors such as Reuters, Bloomberg or Telekurs Financial
• extensive automated validation of all information
• supplying PARIS and other target systems of the bank with consistent market data.

The cooperation of GfA and abraxas strengthens their core business to the benefit of their customers, who profit from the combined expertise of both suppliers. In addition to PARIS, the RiskLine solutions now have interfaces for more than six different base systems.

For more information about RiskLine solutions by abraxas, click here.

10 April 2005 New customer: Hauck & Aufhäuser Banquiers Luxembourg S.A.

Hauck & Aufhäuser Banquiers Luxembourg S.A. are using the abraxas system FundLine-R to automate the processing of trailer fees. The system fully covers

• the dispatch of portfolio notifications in the individually
  specified format of the fund company
• monitoring of incoming commission payments
• the distribution of trailer fees to the recipients.

The integration of FundLine-R in the existing IT infrastructure of Hauck & Aufhäuser Banquiers Luxembourg S.A. was completed in an extremely short time.

For more information about the system, click here.

30 May 2005 abraxas carries out survey on the trading of financial derivatives

How important are financial market options in the provision of customer advice? abraxas carried out a market study in April to answer this question, among others.

According to the responses received, options will be increasingly important in the future. Many banks are already targeting this form of investment for use by private clients. This makes sense. On the one hand, they distinguish themselves from competitors and are considered innovative by their customers. On the other hand, this opens up opportunities for additional revenue.

For the full results of the study, click here.

12 January 2005 Optionstool.de goes online

Are you interested in financial derivatives? abraxas has launched the Internet service Optionstool.de, which provides support to professional and private users in their investment and trading decisions.

The range of services provided by Optionstool.de includes current market data on options and their underlyings as well as a forum for the exchange of information and expertise. Subscribers to Optionstool.de are also provided with opportunities for professional analysis, productive features and professional expertise regarding financial derivatives.

For more information, click here.

23 September 2004 New customer: Delbrück Bethmann Maffei AG

Our previously successful cooperation with the Bethmann bank has been extended to the new company Delbrück Bethmann Maffei AG today. The new private bank, part of the ABN AMRO Group, is one of the premium providers of portfolio consulting and management services in Germany.

The object of the extended cooperation is the implementation of an abraxas system for routing of over-the-counter fund orders. FundLine-O automates the entire order workflow and handles it in a manner that is traceable and compliant with auditing standards.

9 July 2004 Cooperation with Infobolsa Deutschland

Our focus in the area of financial market data is increasing in importance. Infobolsa Deutschland is a new abraxas partner for providing financial data. Especially in the new project Optionstool,

we have been working closely together. Infobolsa is a joint venture of Deutsche Börse AG and Bolsa de Madrid and is an international provider of financial information. Its geographical emphasis is on Spain, Portugal, Germany and the South American economic zone.

Our new project Optionstool is an Internet-based options analysis and stock market information system. The solution is intended for professional and private users and is scheduled to begin in January 2005. Details on the Optionstool will be available here soon.

21 May 2004 Functionality of FundLine-R extended
FundLine-R system for processing and settlement of trailer fees

Many of our discussions with financial services providers demonstrate the strong interest in the subject of trailer fees in the sector. That is reason enough for us to extend the functional scope of the solution - the new release has a number of new features. Here are some of them:

• In addition to investment funds, FundLine-R can also now calculate and process trailer fees for certificates.
• The calculation methods were extended considerably and now include 65 different types. This should allow any contract to be handled completely by FundLine-R.
• Furthermore, users can now define the layout for each report recipient. This is relevant, for example, for sending individually composed portfolio notifications to each fund company.

More information about FundLine-R

1 February 2004 New product: FundLine-R
System for processing and settlement of trailer fees for mutual funds

Trailer fees (retrocession and portfolio-based commission) are becoming a key source of revenue in the mutual funds business. However, their calculation and settlement is generally a very labor-intensive activity for financial services providers, since individual commission agreements are usually made.

FundLine-R simplifies all the activities associated with processing and settlement of trailer fees. Thus it offers benefits to financial services providers that pay trailer fees, such as fund companies and ones that receive trailer fees, such as depositary banks, umbrella funds or universal banks.

The integration of FundLine-R in the system environment of the financial services provider enables extensive automation of processing and settlement of trailer fees:

• Display of all individually concluded commission agreements
• Calculation of trailer fees for each client, umbrella funds, target fund, profit center and fund company
• Automatic generation/processing of portfolio notifications
• Support for the distribution of trailer fees paid to the respective recipients
• Extensive automated posting and payment of trailer fees

More information about FundLine-R

23 January 2004 Cooperation with Telekurs Financial

Developments related to Basel II and the introduction of International Accounting Standards (IAS) have led to an increase in the need on the part of financial services providers for up-to-date, quality-checked financial market data. The cooperation with Telekurs Financial, one of the

leading providers of master data and event data, enables abraxas to cover all aspects of distribution and quality assurance of fiancial market data.

In addition to the quote distribution and validation system RiskLine-P, the product portfolio has been expanded to include a solution for automating the maintenance of master data. The new solution RiskLine-B allows not only the integration of master data and event data from Telekurs Financial but also the integration of information from other data providers (such as WM). This makes it possible to build a central, up-to-date, quality-checked pool of master data that supplies all target systems at the financial service provider with the master data and event data required.

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