SimCorp, a leading provider of investment management solutions and services to the global financial services industry, and TradingScreen Inc. (TS), the leading multi-asset class Execution Management System (EMS) provider, today announce a new strategic alliance.
By combining SimCorp and TS’s respective expertise and products in the order and execution management system (OEMS) space, the alliance delivers cross asset coverage to the global buy side, in one seamless and tightly-knit solution for use across the entire investment and trading lifecycle.
The new solution acts as a central repository for trading data and reporting, truly integrating the OMS and EMS, and tackling many of the pain points associated with current OEMS offerings in the market. The solution meets the much-needed requirement for workflow simplification in the front office by enabling institutional investors to consolidate multiple execution platforms into one integrated solution across asset classes.
Additionally, the solution helps overcome existing difficulties concerning slow order entry, data sharing, automation and transparency faced by portfolio managers, traders and compliance officers. This is an area that continues to be a key priority for institutional investors in light of regulations such as MiFID II. In a recent InvestOps European buy side survey commissioned by SimCorp, 46% of firms stated increased automation as one of the top strategic objectives for 2017/18.
Today’s announcement signifies SimCorp’s continued investment into its front to back investment management solution, SimCorp Dimension, which manages over $20 trillion in assets across more than 180 clients worldwide. Going forward, SimCorp and TS will work with their respective clients to further enhance the front office offering from a workflow, connectivity and data standpoint.
Varghese Thomas, Chief Strategy Officer, TS: “TS is committed to providing our clients the most accessible, highest caliber technology and connectivity to deliver for ‘best execution’. We are excited at the huge potential that this alliance can achieve. The combination of our TradeSmart EMS with the SimCorp Dimension OMS delivers on this promise, with a front to back integration and rapid implementation owing to TS' industry leading SaaS deployment.”
Matthew Reid, Product Manager, Trading, SimCorp: “Providing highly automated functionality and an effortless user experience have always been a priority for SimCorp. Our partnership with TS aims to continue that focus, and to provide a much-needed solution to the current gap in the market. We strongly believe our new integrated solution holds the answer to many of the challenges faced by the global buy side community today.”