Mariana UFP Chooses TORA’s Cloud-based OEMS for Multi- Region Pairs Trading
LONDON – May 7, 2019 – TORA, provider of the industry’s most advanced cloud-based order and execution management system (OEMS), today announced that Mariana UFP, a leading global broker, has selected TORA for pairs trading in London, New York and Melbourne.
Pairs trading involves simultaneous buying and selling of multiple securities when the relative prices hit certain thresholds. Trading these security pairs in large sizes requires access to a range of sophisticated algorithms to fit the required trading strategy and a sophisticated OEMS to manage many orders concurrently.
Mariana UFP is a market leader in securities trading and was looking for a technology partner that offers advanced pairs trading tools to help them achieve best execution for their clients. Mariana selected the TORA OEMS because the low latency pairs trading tools offers a broad range of parameters to customize execution and enables traders to manage large numbers of orders simultaneously.
Dan Hawkins, Mariana UFP co-founder and CEO comments, “The TORA OEMS and pairs trading tools came on a strong recommendation. We were looking to upgrade our existing technology to improve execution quality and enhance operational workflow. Many of our strategies revolve around trading opportunities surrounding merger and acquisition situations or corporate action events and the TORA OEMS and their proprietary pairs engine enables us to translate these situations into alpha generators.
Chris Jenkins, Managing Director commented “As always, we’re excited when we can help established global businesses like Mariana UFP streamline their operations. We were pleased to onboard Mariana to the TORA cloud-based OEMS within a few days and are happy to see we were able to add immediate value.”
TORA is the leading global provider of advanced investment management technologies supporting the full trading lifecycle. With a full suite of cloud-based SaaS-delivered execution, analytics and compliance tools, as well as order, portfolio and risk management capabilities and a global FIX network, TORA’s products are utilized by hundreds of the industry’s leading hedge funds, asset managers, proprietary trading firms and sell-side trading desks globally. With headquarters in San Francisco, TORA has over 250 employees across offices in Hong Kong, Jersey, New York, Romania, Singapore, Sydney and Tokyo. More information is available at www.tora.com
About Mariana UFP
Headquartered in the City of London and with offices in several global financial centres, Mariana UFP LLP is a diversified, independent financial services intermediary. Mariana UFP offers award-winning research, bespoke investment solutions and exceptional execution for their clients. In addition to its market-leading execution venue for cash equities, equity futures and option, commodities and fixed income products; Mariana UFP have a talented team of 100 partners and employees covering asset management, tax advisory, structured investments, tax-efficient investments, market strategy and research.
Forefront Communications for TORA