After winning the best EMS category in 2013 and 2014, Eze Software Group has once again been named as having the best execution management system (EMS). Eze—whose Eze OMS won as the best order management system provider for the buy side—is ready to meet the challenges posed by changing regulatory and trading environments. Part of the reason for this is the platform’s advanced execution tools and real-time analytics across multiple asset classes and markets, as well as its integration with the firm’s Eze OMS, according to the firm’s CEO, Pete Sinisgalli. “Historically, trading desks would create an order in an OMS to check positions, then stage it into an advanced trading tool such as an EMS. Such a workflow between two systems would be inefficient because if an order needed to be adjusted, the user would have to swivel back into the OMS to make the adjustment and start over,” he says.
But with its EMS—which Waters readers might remember under the RealTick EMS moniker when it was part of Townsend Analytics and then later as part of Convergex—and OMS platforms integrated, Eze believes it has eliminated the swivel-chair phenomenon, according to Sinisgalli.
Eze’s EMS provides buy-side users with advanced execution strategy features, while the Boston-based firm—which also boasts Tradar, a portfolio accounting platform in its stable—has partnered with a large network of brokers so that traders can set up and aggregate orders into neutral accounts. It was important for ESG that these features are in place as its clients are likely to see a lot of change across their business environments. Sinisgalli says Eze spent more than $60 million on research and development last year to improve its suite of products and simplify investment processes.
“Regulatory compliance is probably the biggest trend driving our industry today,” he says. “Buy-side firms continue to face pressure to cut costs and consolidate vast amounts of data for research, trading and reporting purposes. We believe that our efforts to streamline the investment workflows and deliver a straight-through processing solution speak directly to that need.”
Sinisgalli also says that front-office consolidation and the growth of multi-asset trading are other trends that its clients will have to face. With this in mind, Eze rolled out enhancements around advanced functionalities within its EMS and integrated the EMS with its Eze Locate tool so that users can search an inventory of securities to borrow from multiple brokers. It also added actionable indication of interest (IOI) support, allowing traders to receive targeted IOIs from brokers.
Eze’s EMS provides buy-side users with advanced execution strategy features, while the Boston-based firm—which also boasts Tradar, a portfolio accounting platform in its stable—has partnered with a large network of brokers so that traders can set up and aggregate orders into neutral accounts.
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