Global Investment Systems announced Friday its newly launched compliance software is leading the charge in putting the proper controls in place to combat market timing and other trading abuses.

The Hackensack, N.J.-based software developer said its Mshare® product, introduced in June 2003, added a redemption fee module to its existing transfer agency and recordkeeping system. The module allows user-definable redemption fees based on the duration of ownership of the shares being redeemed, which the company believes will effectively discourage rapid-fire trading of mutual fund shares.

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