The Bank of Bermuda took a leap into the future yesterday with the launch of GFSTrade a 'front office' trade and portfolio management program - allowing flexible report writing and trading.

Powered by Beauchamp Financial Technology, gives the bank's Global Fund Services Division (GFS) easier trade processing, multiple prime broker connections and flexible 'near real time' profit and loss (P&L) reporting.

Head of Product Development for GFS, Drew Douglas said: "GFSTrade has wide ranging functionality with unique features giving fund managers much more control over trade processing and extremely flexible report writing on demand.

"Trading - orders and executions - position and (P&L) data update in near real time, displaying immediate price changes in the portfolio and reflecting trading activity as it occurs. We expect GFSTrade to make a significant impact in supporting a manager's front office operations and have already received an excellent response to the system thus far."

While the GFSTrade platform allows a wide range of operations for the bank's 80+ fund managers worldwide - who are responsible for more than $30 billion in funds - it also allows configureable reporting with drag and drop functionality and flexible information categorisation.

A robust front office support tool, GFSTrade has automatic links to and reconciles holdings and transactions with all major prime brokers and has automatic links with GFS's fund administration system.

Beauchamp Financial Technology products are used in the US, throughout Europe and in Asia.