Order management systems constitute the heart of all buy-side firms, responsible for ensuring that orders are sent accurately and efficiently to brokers or directly to execution venues. Eze Software Group (ESG) continues to set records in what is traditionally the most closely contested of all the buy-side-focused categories on offer in the Waters Rankings. Thanks to its all-conquering Eze OMS, ESG wins this category for the seventh time, a record that no other third-party technology provider can hold a candle to. This is the fourth year in a row that the Eze OMS has won this category as a member of the Eze Software Group (ESG) stable, after it was spun off from Convergex Group, along with the RealTick EMS (formerly part of Townsend Analytics) and the Tradar portfolio management platform, back in January 2013.
Speaking to Waters after his firm’s win in this category last year, Rob Keller, Eze Software Group’s executive managing director, product management and development, stressed the need for “integration” between the firm’s various platforms as part of its long-term buy-side strategy. Shortly thereafter—in October—ECS announced that it was set to acquire TKS Solutions, a Mount Kisco, NY-based provider of shareholder and partnership accounting tools, a move consistent with the firm’s ultimate ambition of being in a position to offer buy-side firms with a single, front-to-back office investment management platform. According to Keller, the ESG team has ensured interoperability between the firm’s various platforms by developing interfaces between the Eze OMS, Tradar, and its highly regarded RealTick EMS. That strategy is clearly paying off: ESG walked away with the best integrated front-office platform at last year’s Buy-Side Technology Awards in November, thanks to its Eze Software Investment Suite.
TKS Solutions’ flagship offering, Penny It Works, will further enhance the firm’s buy-side proposition, with the addition of partnership and shareholder reporting capabilities to the existing portfolio accounting and portfolio management functionality of the Eze Software Investment Suite, the latest enhancement of which includes the integration of compliance and trading functions within the Eze OMS and Eze EMS, allowing clients to use pre-trade compliance checks of the Eze OMS without leaving the execution management system environment.
Earlier this year, ESG announced extended contracts with Carrhae Capital, a London-based long-short asset manager, and Liontrust Asset Management, a UK-based specialist investment management firm, for use of the firm’s EzeSoft Investment Suite with portfolio accounting capabilities, and the Eze OMS and Eze Portfolio Accounting platforms, respectively.
The ESG team has ensured interoperability between the firm’s various platforms by developing interfaces between the Eze OMS, Tradar, and its highly regarded RealTick EMS. That strategy is clearly paying off: ESG walked away with the best integrated front-office platform at last year’s Buy-Side Technology Awards in November, thanks to its Eze Software Investment Suite.
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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