Waters Rankings 2019: Best Buy-Side Order Management System (OMS) Provider: SS&C Eze

SS&C Eze—the new entity formed after SS&C Technologies’ acquisition of Eze Software, which closed in October 2018—emerged on top in this year’s best buy-side order management system (OMS) category.

When it comes to buy-side technology, this category is arguably the most competitive. It’s the broadness of the Eze Investment Suite—the company’s front-to-back-office platform, which includes the Eze OMS—that resonated with WatersTechnology’s readers. This is the third win in four years for SS&C Eze in this category (the previous ones coming under the Eze Software banner); Charles River Development, now part of State Street, was victorious in this category in last year’s Rankings.    

According to Frank Orzechowski, managing director, product management at SS&C Eze, the integration and productization of a number of the firm’s modules into the Eze Investment Suite can be traced back to the founding of Eze Software Group in early 2013 when the business was acquired from ConvergEx by private equity firm TPG. 

“What we’ve seen over the years is that no collection of third-party systems, no matter how good each system is on its own, is sufficient for buy-side firms and their businesses. In particular, we’ve seen demands in terms of pressures—fees, limited time, regulation, and all the other responsibilities you have as you grow your business as an asset manager,” Orzechowski explains, articulating some of the challenges facing buy-side firms and their personnel, not only from a business perspective, but also in terms of operational efficiencies.

Orzechowski describes the rationale leading to the creation of the Eze Investment Suite—launched as a single, integrated platform for the first time just over three years ago—as capitalizing on the advantages the firm had realized by way of the same product strategies across its technology stable, the same source code, the same developmental processes, and the same vision, to the ultimate benefit of the firm’s clientele.