Hong Kong-based vendor Messer Financial Software (MFS) has announced the launch of an order management system (OMS) module for its DataCube product line, built for use by hedge funds.
The module, which can be taken as part of DataCube or as a standalone product, is delivered through the web, allowing users to use it in a platform-agnostic manner.
The OMS space, particularly for buy-side firms, is often regarded as a saturated one, with numerous offerings available. MFS has already signed one Asia-based global alternative investment manager, and says that the technical shine of its own offering comes from the guts of how it works.
"One key feature that sets the Messer OMS apart is our dynamic multi-asset trade processing framework," says Bryan Messer, CEO of MFS, and the former CTO of Azentus Capital Management. "Unlike existing systems typically built on legacy technology, Messer breaks away from traditional relational database limitations and creates a truly flexible architecture that is easily customized to meet client requirements. Non-technical users can design their own trade tickets and security definitions through the user interface and have the new fields automatically flow through into the time-series portfolio reporting and analysis. This innovative feature gives Messer's clients a leading edge over their competition by providing for more detailed and transparent reporting and analytics."
Messer also notes that the framework is extensible through common scripting languages, such as Python and R, and that as with MFS's other products, it can be installed as a server-side application within a firm's environment or hosted remotely.
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