Release Focused on Regulation, Scalability and Risk Management
NEW YORK and BOSTON — June 14, 2011 – Eagle Investment Systems LLC, a leading provider of financial services technology and subsidiary of BNY Mellon, today announced that Eagle Version 11.0 (V11.0), a technical and functional upgrade of its integrated suite of data management, investment accounting, and performance measurement and attribution solutions, will be available in early July.
Committed to product innovation, Eagle releases a major version of its software each year to stay ahead of a rapidly changing industry and keep pace with technology advances. V11.0 includes new platform certification for Oracle 11g R2 and Microsoft SQL Server 2008 R2 as well as improved virtualization and Linux support. Enhancements have been made to support Eagle ACCESS(SM), its secure private cloud, which hosts the Eagle Suite, and the architecture was updated to significantly improve throughput within an optimized, cost-effective technical footprint.
V11.0 offers clients timely updates around a number of industry issues. Throughout the suite, reporting has been enhanced to comply with regulatory changes such as cost basis reporting for brokers, US GAAP, insurance statutory reporting, IFRS, derivatives reporting disclosures, and other global mandates. The new release also addresses the market's need for tighter risk management through enhanced exposure reporting features and the automation of processing complex instruments. To address its expanding client base, Eagle has also added multilingual reporting and is providing a localized user experience within the Eagle Portal.
"Our close observation of the global financial landscape, and other market influences such as derivatives, has driven most of the functionality updates and regulatory support offered in V11.0," said John Lehner, chief executive officer and president of Eagle. "We have also made numerous technical enhancements including improvements to user experience, ease of use, scalability and overall performance. This is a major release offering our clients many important updates to help keep their costs down and improve overall operational efficiencies."
Functional enhancements in V11.0 were made based on client and market demand as well as mandates from industry regulators. These factors, coupled with competitive drivers and Eagle's support of various delivery channels, help determine the investment in each release. Highlighted below are key updates that will be available in the solutions that comprise the Eagle Suite:
Eagle Investment Systems LLC, a subsidiary of BNY Mellon, creates operational efficiencies for global financial institutions by delivering solutions for data management, investment accounting, and performance measurement and attribution. Its solutions are deployed via Eagle ACCESS(SM), its secure private cloud, which hosts and provides on-going support of applications and infrastructure, helping to reduce complexity and risk. Additional information is available at www.eagleinvsys.com.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.5 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt, and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Learn more at www.bnymellon.com.