ConvergEx, a premier provider of investment and execution technology solutions to institutional clients worldwide, today announced that clients of its award-winning order management system, the Eze OMS, will now be able to receive integrated intraday, daily and monthly risk management analysis and reports through RiskMetrics Group, a leading provider of risk management and corporate governance services to the global financial community.
Through the agreement, Eze OMS users have a seamless connection to RiskMetrics' interactive application, RiskManager(TM), the industry standard tool for analyzing, measuring and monitoring risk, enabling users to easily communicate position information to RiskMetrics and receive back timely risk analysis reports based on intraday trade execution data. The integration also allows clients to incorporate risk measures generated by RiskMetrics into the Eze OMS by leveraging Eze's newly developed framework.
"We're excited about the work we're doing with RiskMetrics on this project," said Rob Keller, managing director of Global Product Management at ConvergEx's Eze Castle Software. "Leveraging our risk framework, this integration gives clients the ability to communicate real-time data between RiskManager and the Eze OMS, and create reports that co-mingle OMS data and risk calculations. The functionality is fully multi-asset class and supports the communication of complete terms and conditions data for bespoke instruments."
"A number of our hedge fund clients have expressed a need for intra-day risk analysis," said Brian Schmid, head of RiskMetrics' Alternative Investments Business Unit. "Our partnership with Eze enables hedge funds to analyze the risk of current positions throughout the trading day."
The Eze OMS utilizes a real-time open architecture to streamline the investment cycle for all asset classes, from idea generation through settlement. Furthermore, the system provides the functionality to support portfolio management, compliance, trading and operations in a single platform.