Eulav Asset Management goes live on Indata OMS
INDATA, a leading industry provider of software, technology and services for buy-side firms, today announced that EULAV Asset Management (“EAM”) based in New York, NY with more than $2.5 Billion in AUM, has successfully implemented INDATA’s iPM Epic OMS delivered via iPM Cloud.
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EAM is utilizing INDATA for Trade Order Management and electronic trading via FIX for both equities and fixed income, portfolio modeling, and pre/post-trade compliance as a best-of-breed solution in conjunction with their other back office and custodian systems.
EULAV Asset Management is the investment adviser to the Value Line Funds — a diversified family of mutual funds with a wide range of investment objectives including a variety of equity, hybrid, and fixed income funds. EAM selected INDATA to replace its previous OMS based on a variety of factors including the system’s ability to integrate more efficiently with its other in-house systems, functionality to accommodate more complex portfolio modeling scenarios, as well as the system’s more efficient workflows which includes bond trading via FIX.
“INDATA’s OMS provides us with a more robust, user-friendly trading system with increased functionality, as well as better integration with our trading partners,” commented Raymond Stock, Vice President of Operations. “We look forward to growing our business relationship with INDATA in the years to come,” he added.
“We are very pleased to be working with EULAV Asset Management as their OMS provider and look forward to serving their ongoing needs,” commented David J. Csiki, President of INDATA.