It would have been understandable if some buy-side firms had been worried when they heard that Eze OMS and RealTick EMS were being sold from ConvergEx Group to establish their own presence under the Eze Software Group moniker. On the order management system (OMS) side, Eze OMS had led ConvergEx to the coveted best buy-side OMS titles in the 2011 and 2012 Buy-Side Technology Awards. Well, no need to fear, as for the third straight year, Eze OMS has been named as the best buy-side OMS, this time winning the award for its new parent, Eze Software Group.
Eze Software combines three main platforms: RealTick EMS, Tradar PMS and Eze OMS.
“When we put together the Eze Software Group it was about putting together the whole front-, middle- and back-office construct under one roof, finally,” says David Quinlan, co-president of Eze Software Group/Eze OMS. “The long-term vision for all of this is really to re-architect the underlying delivery architecture to more of a software-as-a-serivce (SaaS)-based orientation. This way, we can then take the business logic of all these components and deliver it to the client in a SaaS model, if they so choose. If they want to have a little more control and have some more capabilities on their premises, we can deliver it that way, but ultimately we want to have the SaaS architecture to be able to deliver these components over time.”
As has been a common theme with many of this year’s category winners, compliance has played a major part in Eze OMS’ success, as it has improved its investment rules framework and added enhanced compliance and modeling workflows. It has also expanded its mobile functionality—Eze Mobile allows portfolio managers and analysts to see parts of the OMS capabilities through a mobile device, “which is becoming much more in demand,” Quinlan says. Additionally, there has been a major push to grow its multi-asset-class capabilities. “That’s been an area of huge investment and huge time,” he says.
The results are impressive. Clients manage over $1.5 trillion on the Eze OMS platform and it has seen strong growth in Australia, Brazil, Canada and Hong Kong, and has increased its stable of traditional asset managers, with start-up funds increasingly turning to Eze Software for support.
Eze Software Group Reaction:
“At Eze Software, we are committed to delivering cutting-edge solutions coupled with a unique partnership-driven service model to best meet the needs of our clients. Since the launch of Eze Software Group, we have focused on a unified product strategy alongside individual product roadmaps. These awards are a testament to the robust technology offered across our fully-integrated product suite as well as the advantages that our clients have found in working with us as a partner, not just a vendor. We are thrilled to receive these awards, and are proud to acknowledge the hard work, innovation, and dedication of our talented team.”—David Quinlan, co-president of the Eze OMS business, and head of strategy, Eze Software Group
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails