Source: BNY ConvergEx Group
BNY ConvergEx Group, a premier provider of agency brokerage and investment technology solutions, announced today that Eze Castle Software (ECS) has launched a single-system OMS that includes global EMS capabilities.
Leveraging trading and technology expertise from across BNY ConvergEx Group, the industry-leading Eze Castle OMS has been enhanced to include this new functionality in its latest release.
This new release offers a customizable trade blotter where traders can view Level I and Level II global market data, time and sales, charts and market watch. From the OMS, traders can seamlessly execute orders using global DMA capabilities, the ConvergEx Cross SM or the ConvergEx Algorithmic suite. This new offering also includes access to ConvergEx's integrated transaction cost analysis platform for performance measurement and ConvergEx commission management functionality to facilitate third-party payment.
Traders can also leverage the new feature set to enhance more traditional workflows such as the use of embedded third-party algorithms and the routing of orders via FIX to third parties and third-party execution systems. The new offering will initially focus on the global equities markets, with the ability to execute direct market access orders in additional asset classes included over time.
This release also marks a milestone for the continuing evolution of Eze Castle's OMS architecture from N-tier to a Service-Oriented Architecture (SOA). The new architecture enables Eze Castle to quickly incorporate more robust execution functionality into the OMS. It offers an open and flexible service environment that runs multiple services for order management, compliance and execution management simultaneously in one system without compromising speed or reliability.
"We've created a simple, fast, single-system solution that reduces the number of clicks required to access liquidity," says Tom Gavin, CEO of BNY ConvergEx Group's Eze Castle Software. "Adding global EMS functionality to the Eze Castle OMS results in a dramatically streamlined workflow and allows users to leverage the full feature sets of what had traditionally been two different systems from one, unified platform."
"ConvergEx brings together technical and trading expertise under one roof to develop and deploy state-of-the-art solutions that improve both our clients' workflow and their access to liquidity," says Joseph M. Velli, Chairman and CEO of BNY ConvergEx Group. "The rollout of the enhanced Eze Castle OMS is a key milestone for ConvergEx, further illustrating the type of innovative solutions our organization was created to produce. In the eight months since the launch of ConvergEx, we have introduced a number of new technologies, including ConvergEx Cross, VortEx(SM) our dark liquidity pool, a new suite of algorithms, and this latest version of the Eze Castle OMS enhanced with global EMS functionality."
BNY ConvergEx Group's Eze Castle Software is a leading provider of technology solutions to multi-strategy, global investment managers. They currently support nearly 300 installations of their OMS world-wide.