Spectra Securities Software Inc. has issued a new release of Spectra Funds, its automated mutual fund trading application. The new release offers major performance improvements that will help fund dealers cope with growing mutual fund order volumes.

The software automates mutual fund order management to provide straight-through processing from advisors or investors through to FundSERV and mutual fund companies.

The new version of Spectra Funds contains significant performance enhancements with support for four times the online order throughput, batch processing, and database capacity of the previous version.

Spectra’s new performance release comes in response to customer needs. “This release was developed on a tight schedule for a merger between two of Spectra’s customers. We needed to triple our peak volume capacity and we were very pleased when the testing showed we exceeded our client’s needs and met their timeline,” said John McLeod, president and CEO, Spectra.

In addition to significant performance enhancements, routing capabilities have been expanded to provide firms with flexibility in controlling the process of routing orders for execution. Users can streamline performance by dynamically changing routing rules or identifying and isolating slow-responding fund companies to prevent them from affecting the order volume of other companies, with no impact on system performance.