Back Office & Operations Technology & Risk Management

Custom House rolls out online dealing platform

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Custom House, the hedge fund administrator, is rolling out a new online dealing service for its clients. The Chariot Dealing Platform is designed to increase security and operational efficiency, and will be soft-launched on 1 June.

The new offering, developed with financial technology specialist Comada, is designed to complement Custom House's existing Chariot reporting platform. The new service will issue investors with automatic electronic confirmation of trades into and out of hedge funds administered by Custom House.

The firm says the benefits for the fund manager will include 24-hour online dealing, elimination of deadline errors and an increase