Merlin Securities rolled out Merlin Compass, a new P&L reporting solution for hedge funds, funds of funds and long-only managers. The new application suite adds intraday portfolio reporting to Merlin's existing trade monitoring and post-trade allocation and reporting tools.

Compass integrates both Merlin trading applications and other trading systems that use the FIX protocol, eliminating the error-prone process of rekeying trade information across multiple platforms, according to the San Francisco-based firm. Information enters the system in real-time as trades are executed, and clients have continuous access to trade execution reports and up-to-the-minute P&L reporting, Merlin claims.

"Clients using their own order management system can easily import their trades into the Merlin Compass system using the FIX protocol," Amr Mohamed, senior partner and CTO for Merlin Securities, explained in a release. "Similarly, for clients who rely on Merlin to consolidate information across several prime brokers, Merlin Compass provides a platform to monitor real-time performance across the entire portfolio, considering holdings and trading activity across all accounts and prime brokers."

www.merlinsecurities.com

212-822-4800 or 415-848-4050