New York-based Pzena Investment Management has chosen technology from Indata for its trade order management (OMS) requirements.
The investment management firm will deploy Indata's Precision Trading system for order generation and allocation, portfolio modelling, pre-trade compliance, and electronic trading capabilities through the FIX protocol.
The system also provides an interface with the CheckFree Security APL system - already used by Pzena - which offers the ability to trade tax lots, Web-based performance measurement, attribution, and client reporting, as well as Web-enabled customer relationship management (CRM) solutions.