ConvergEx, a leading provider of investment and execution technology solutions to institutional clients worldwide, today announced that its order management system (OMS), the Eze OMS(TM), has been selected by the London-based investment firm Odey Asset Management. The Eze OMS now provides support and automation for all of Odey's pre-trade compliance, position checking, order management and electronic trading processes.
"After a thorough assessment of various OMS providers, we found that the Eze OMS was the solution that best met our needs and we are thrilled with the results," said Tim Pearey, chief financial officer of Odey Asset Management. "Not only have we saved significant time and resources through an optimized workflow, but we have also been extremely impressed with the level of comprehension and personalized support that Eze has provided through every step of the implementation process."
Founded in 1991, Odey is one of Europe's leading investment firms, managing over $6 billion in assets for many of the world's leading institutional investors, private banks and individual investors. Prior to implementing the Eze OMS, Odey utilized a manual trading workflow, booking orders directly into their back-office system at the end of each trading day. Odey was looking for an OMS that would enable them to route orders electronically to their brokers, assist with allocations and improve overall straight through processing for the entire investment cycle.
"By utilizing Eze's integrated modeling, compliance and trading functionality, Odey has benefited from increased operational efficiencies. As one example, using the Eze OMS, Odey is now able to conduct regular portfolio rebalances in a matter of minutes, not hours," said Sean Sullivan, executive vice president of Global Sales for ConvergEx's Eze Castle Software. "In addition, Odey is now able to streamline their end of day process with seamless connectivity to their portfolio management system."