LoanX, Financial Computer Software launch automated pricing for loan portfolios

By Sara Rosenberg

New York, Oct. 7 - LoanX Inc. and Financial Computer Software launched a new service that provides automated daily pricing for syndicated loan portfolios. The service integrates the LoanX LOANmarker technology, a syndicated loan pricing service that tracks the value of nearly 2,000 loans, with Financial Computer Software's portfolio management software.

"This new service reflects our commitment and ability to work with innovative firms and clients to improve the operating efficiencies of the syndicated loan market," said Michael Rushmore, chief executive officer of LoanX, in a news release. "Working creatively with these partners allows LoanX to contribute to the process of automating back-office procedures that will create immediate savings for institutional investors."

LoanX is a New York, N.Y. provider of loan valuation services to institutional investors. Financial Computer Software is a provider of leveraged loan and high yield products and services.

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