The Alternative Investment Fund Managers Directive (AIFMD) went into effect in the member States of the European Community on July 22, 2013. This directive has a significant impact on the contractual relations established between alternative investment fund managers, their prime brokers, and their depositaries, whose responsibilities have been significantly expanded. From an operational standpoint, managers must appoint a single depositary, and be able to provide all information required for the execution of their assignment. Our front-office portfolio management tool SpotTrader, which is dedicated to alternative investment fund managers, is already AIFMD-compliant with regard to transaction data transmission, offering advanced export functions to electronic formats sent via email, FTP and Swift.