Waters Rankings 2023: Best execution management system (EMS) provider—SS&C Eze

Overview

Eze EMS is a high-speed, multi-broker trading solution that provides centralized access to a liquidity network across global equity, futures, options, and digital asset markets. It provides users with market intelligence and real-time trading analytics to support performance. Eze’s front-office combines the trading tools of Eze EMS with the pre-trade compliance, position checking, and allocation automation of Eze OMS.

The solution

Eze EMS is designed to help its users get their orders to market as quickly and efficiently as possible. The Eze EMS Algo Wheel and automated order routing functionality helps traders automate low-touch orders so they can focus on capturing alpha on their more important and harder-to-work trades.

Secret sauce

SS&C Eze focuses on developing and delivering technology that modernizes investment managers’ technology stacks, backed by personalized support. Delivered as a software-as-a-service (SaaS) platform, traders can access the Eze EMS from anywhere with minimal total cost of ownership. Eze EMS also has integrated short locates, access to institutional digital asset liquidity, and is integrated with Eze OMS, offering users a true OEMS platform with synchronized blotters. 

Recent milestones

• Multi-asset support: Support for digital assets with OEMS integration, including pre-trade compliance and auto-trade sync
• Scalability: SS&C Eze has upgraded to 64-bit, providing users with more efficient resource usage and an improved user experience.
• Automated trading: Many new features for greater flexibility and control, and a new function that reviews orders in Eze EMS and sends them to automated trading for processing if they match users’ rules

Future objectives

• Multi-asset support: Expand liquidity analysis and connectivity to fixed-income liquidity sources so that users can natively create and route all orders from Eze EMS directly, with continued streamlined workflow integration of all OMS capabilities
• Accessibility: Continued expansion of mobile capabilities with built-in compliance
• Interoperability: Continued support of clients’ investment ecosystem expansion through APIs and plug-and-play solutions through Eze Marketplace