ConvergEx, a premier provider of investment technology solutions and global agency brokerage services, today announced that it has integrated its order management system, the Eze OMS, with ICE Link, a leading electronic affirmation and novation consent platform for over-the-counter (OTC) derivatives trading.
This integration comes at an ideal time for ConvergEx's clients trying to utilize technology solutions for greater operational efficiencies and gives clients a simple and fully automated process to submit and affirm derivatives trades prior to processing. The streamlined workflow reduces the difficulties often associated with novations and terminations by providing an electronic, transparent and auditable process. This solution also helps clients meet standards set by the International Swaps and Derivatives Association® (ISDA) Board Oversight Committee (IBOC). In addition, this integration with ICE Link offers clients a connectivity tool for clearing in the CDS markets.
"It is our job to provide our clients with the tools they need to remain efficient and this connection with ICE Link offers clients even more automation to process OTC derivates," says Rob Keller, CFA and managing director of Global Product Management for ConvergEx's Eze Castle Software. "In addition to drastically improving operational efficiency through time, money and resources saved, this will also make it easier for clients to comply with regulatory and industry guidelines."
ConvergEx's Eze Castle Software provides investment technology solutions to global investment managers. The award-winning Eze OMS leverages a real-time open architecture to streamline the investment cycle for all asset classes - from idea generation through settlement. The Eze OMS provides functionality to support portfolio management, compliance, trading and operations in a single platform.