We feel this commitment from Domeyard validates the robustness of our proprietary technology platform. We are already processing more than 5 million trades per day across our client base, so this was a smooth implementation for Domeyard and NAV.
OAKBROOK TERRACE, Ill. (PRWEB) May 17, 2018
Boston-based high frequency trading hedge fund, Domeyard LP, has selected NAV Fund Administration Group for fund administration services. Domeyard was founded in 2013, and continues to grow, attracting a number of high profile investors.
“We are very happy with our decision to move to NAV Fund Administration,” says Christina Qi, Partner at Domeyard LP. “We considered over 30 different administrators, and NAV stood out for its customer service, attention to detail, and timeliness. Changing administrators is not an easy decision, but after speaking with the NAV team we became very comfortable and confident in their ability to service our fund. They are a forward-thinking, technology-focused firm like us.”
“It’s an honor to be selected by a truly innovative group like Domeyard,” says Nav Gupta, Chairman and President of NAV Group. “High-frequency trading certainly presents its challenges for administrators, and we feel this commitment from Domeyard validates the robustness of our proprietary technology platform. We are already processing more than 5 million trades per day across our client base, so this was a smooth implementation for Domeyard and NAV .”
About NAV Fund Administration Group
NAV Fund Administration Group (“NAV”) is a fund administrator with over 26 years of experience in providing a comprehensive fund service offering including, accounting, reporting, investor servicing, and middle and back-office support to the hedge fund industry. NAV is ranked among the top 10 fund administrators in the world by number of funds. With assets under administration of US$66 billion, NAV employs over 500 people that serve a global client base of over 850 clients. NAV is differentiated in the industry by its independence, proprietary technology and client retention.
About Domeyard LP
Domeyard LP is a hedge fund focused on high frequency trading. As one of the fastest market participants in the world, Domeyard leverages advances in high-performance computing and data analysis to implement trading algorithms across a diverse range of assets. Almost all of Domeyard's technologies are designed and created in-house. By inventing technologies ahead of its time, the company uncovers opportunities that are grossly inaccessible to mainstream fund managers and their respective investment vehicles. Since its inception, Domeyard has received multiple accolades within the hedge fund industry and is the protagonist of Harvard Business School's first case study about high frequency trading.