Waters Rankings 2016: Best EMS Provider — Eze Software Group

But with its EMS—which Waters readers might remember under the RealTick EMS moniker when it was part of Townsend Analytics and then later as part of Convergex—and OMS platforms integrated, Eze believes it has eliminated the swivel-chair phenomenon, according to Sinisgalli. 

Eze’s EMS provides buy-side users with advanced execution strategy features, while the Boston-based firm—which also boasts Tradar, a portfolio accounting platform in its stable—has partnered with a large network of brokers so that traders can set up and aggregate orders into neutral accounts. It was important for ESG that these features are in place as its clients are likely to see a lot of change across their business environments. Sinisgalli says Eze spent more than $60 million on research and development last year to improve its suite of products and simplify investment processes.

“Regulatory compliance is probably the biggest trend driving our industry today,” he says. “Buy-side firms continue to face pressure to cut costs and consolidate vast amounts of data for research, trading and reporting purposes. We believe that our efforts to streamline the investment workflows and deliver a straight-through processing solution speak directly to that need.”

Sinisgalli also says that front-office consolidation and the growth of multi-asset trading are other trends that its clients will have to face. With this in mind, Eze rolled out enhancements around advanced functionalities within its EMS and integrated the EMS with its Eze Locate tool so that users can search an inventory of securities to borrow from multiple brokers. It also added actionable indication of interest (IOI) support, allowing traders to receive targeted IOIs from brokers. 

Eze’s EMS provides buy-side users with advanced execution strategy features, while the Boston-based firm—which also boasts Tradar, a portfolio accounting platform in its stable—has partnered with a large network of brokers so that traders can set up and aggregate orders into neutral accounts.