AFTAs 2018: Best New Technology Introduced Over the Last 12 Months (Trading and Risk)—SS&C Eze

Buy-side firms have spent decades trying to consolidate and streamline their front-to-back office operations. The value of such an achievement enables hedge funds and traditional asset managers to develop complete visibility of performance, risk and regulatory compliance through the adoption of unified platforms. SS&C Eze, formerly Eze Software, has taken this concept one step further with the development of its Eze Eclipse platform, tailored to meet the needs of startup hedge funds focused on equity and event-driven markets. 

In the year-and-a-half since its launch in June 2017, the offering has garnered attention for its growing risk and investment management capabilities, and this year its hard work has paid off as it takes home the award for best new technology introduced over the last 12 months (trading and risk) at the 2018 AFTAs. 

Built on cloud-native technology, Eclipse supports the full investment lifecycle, viewable through a single web browser interface. Designed with a holistic approach in mind and aimed at minimizing total cost of ownership, the platform can be configured and customized to fit clients’ needs at various stages in their growth. Portfolio managers can tailor investment strategies by adjusting portfolio, custodial and strategy-level allocations and leveraging Eclipse’s order-routing capabilities. Supplemented by ICE Data Services, clients have access to built-in analytics on performance measurements, execution and real-time market insights, including valuations, profit and loss (P&L), and position-level exposure. 

Eze Eclipse sits on an internal investment book of record platform that allows for complete visibility and management of risk and regulatory compliance. It provides configurable pre- and post-trade compliance checks and enables clients to monitor positions throughout the transaction lifecycle. 

Eric Christofferson, managing director of product and engineering at SS&C Eze, explains that the firm works closely with clients to consistently improve the platform’s functionality and uses an Agile approach to bring those solutions to market quickly. In one example, he highlights the fact that the provider dedicated a large amount of time to developing the front-end of the platform based on users’ specific requirements. “We have focused pretty heavily on the user experience and tailoring workflows so that clients have all the data they require at their fingertips,” he says. “We have focused heavily on how to navigate through the application to find what you need as easily as possible and implement an action very quickly.” 

Looking to 2019, SS&C Eze expects to roll out the offering across the EMEA and APAC markets, and continue to expand its asset class coverage, including support for credit instruments and futures.