Source: BNY ConvergEx
BNY ConvergEx Group, a leading provider of global agency brokerage and investment technology solutions, today announced that the DerivatEx options execution platform has been integrated into the award-winning Eze Order Management System (OMS).
The integration enables Eze OMS users to send option orders directly into DerivatEx and receive execution reports back through the Eze OMS blotter. In addition, Eze OMS users will now be able to access the recently released ConvergEx suite of options algorithms, designed to help clients limit their market impact and find liquidity across all options exchanges.
The DerivatEx system gives Eze OMS users full electronic direct market access (DMA) to all U.S. listed options exchanges and provides the ability to sweep those exchanges in order to seek enhanced liquidity and potential price improvement.
Tom Gavin, CEO of Eze Castle Software notes, "We continue to leverage the capabilities within ConvergEx to expand our Eze OMS offering and provide our clients a variety of choices for execution. This integration gives our clients the flexibility to easily execute options orders through the innovative DerivatEx platform."
"We are constantly seeking ways to keep ConvergEx customers ahead of the curve. With this integration, Eze OMS customers now have seamless access to both the DerivatEx low latency options execution platform and our advanced execution algorithms," stated Anthony J. Saliba, CEO of LiquidPoint. "The 'natural fit' of the Eze and LiquidPoint offerings brings the client the best integrated solution."
Eze OMS is a multi-asset class system that offers buy-side firms execution integration for various asset classes to optimize the investment workflow. It is a product of Eze Castle Software LLC, a member company of BNY ConvergEx Group. It is used by over 310 buy-side firms to manage their investment process. Eze Castle Software has also partnered with Credit Suisse and UBS to integrate their options algorithms into the Eze OMS.
DerivatEx is powered by LiquidPoint, and provides both electronic trading technology and order execution services to deliver a state-of-the-art front end for options analytics and trading, a FIX compliant algorithmic server frrver for model-driven trading and FIX compliant low-latency Direct Market Access for trading on all U.S. options exchanges.