Formicary Price Mark
Automated end of day price marking to reduce discrepancy and increase productivity.
Formicary Price Mark (FPM) is designed to help traders value their portfolio against market data from the likes of Bloomberg on a daily, weekly or monthly basis. The accuracy of prices on FPM is high due to having a trade management system as the source of information. Built to be user friendly, FPM is easy to update like a spreadsheet, with the added advantage of multiple accessibility at any one time.
FPM eases the process of daily portfolio valuation for Hedge Funds by automating the manual task of price marking on a spreadsheet. A real time, secure, web based solution, FPM pulls its position automatically from internal trade management systems and market data such as Bloomberg® for valuation purposes.