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Order Execution Management System (OEMS)

Our leading OEMS product offers a wide range of state of the art solutions for all your trading needs.

Order Execution Management System

The benefits of our OEMS product

TORA’s OEMS delivers exactly the features you need, and none of what you don’t. Need allocations or rebalancing? Great, it’s there. But if you don’t, all of these features can disappear from your workflow so you can focus on what’s important for your firm.

Execution Management

Access the very latest multi-asset broker algos and trade across a variety of asset classes such as; Global Equities, FX, Derivatives and Fixed Income.

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Order Management

Organise all of your orders, re-balance portfolios, monitor positions and P&L from the same interface as you manage your market executions.

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Post Trade

Part of our OEMS, a range of post-trade functions and integration to create a truly Straight Through Process (STP)

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Order Execution Management System (OEMS) Icon

Reporting

State of the art reporting services. Giving asset managers the ability to see and report on their trading operations anytime, anywhere.

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Transaction Cost Analysis (TCA)

Transaction Cost Analysis (TCA)

TORA provides in-depth Transaction Cost Analysis so that you can experience Best Execution 24/7.

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Compliance

Part of our OEMS, utilise advanced rule and limit features to improve compliance without impacting workflow or affecting latency

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Execution Management

Access the very latest multi-asset broker algos and trade across a variety of asset classes such as; Global Equities, FX, Derivatives and Fixed Income.

Features

  • Easy-to-use interface with unmatched flexibility to suit your trading workflows
  • Access a broad network of brokers and venues via TORA FIXNet and other major FIX networks
  • Access the very latest multi-asset broker algos
  • Basket orders, position-based orders, parent/child orders, pairs orders
  • On-screen audit trail of all trades and actions made
  • Access to best-in-class proprietary TORA pairs trading algo suite and the option to use FX auto-hedging
  • Powerful alerts engine for market and order monitoring
  • Integrated with ChartIQ and access to various graphical tools to aid visualisation
  • Websocket API, FIX API for systematic trading
  • AWS cloud-based technology for fast and flexible deployment

Order Management

Organise all of your orders, re-balance portfolios, monitor positions and P&L from the same interface as you manage your market executions.

Features

  • Allocations and commission management engine with smart defaults improve data integrity
  • Integrations with prime broker and fund admin platforms
  • Real time positions and P&L monitoring
  • What-if analysis and rebalancing
  • Transaction history available directly from the GUI
  • Order and venue analysis tools
  • More borrow electronic locate integrations than any other platform
  • AWS cloud-based technology for fast and flexible deployment

Post Trade

Part of our OEMS, a range of post-trade functions and integrations to create a truly Straight Through Process (STP).

Our OEMS offers the following post trade features:

Features

  • Advanced commission, cost and fee schedule management
  • Two-way integration with leading trade matching providers
  • Support for complex rounding and aggregation methodologies per counterparty
  • Block formation and allocation
  • Auto Trade Pairing and Matching at block and allocation levels
  • Cancel / re-book trade framework for seamless revisions and reporting
  • TORA Order Audit Trail System (OATS) reporting
  • European Approved Reporting Mechanism (ARM) integration and other regulatory reporting workflow solutions
Order Execution Management System (OEMS) Icon

Reporting

TORA's Reporting solution gives asset managers the ability to see and report on their trading operations anytime, anywhere.

We integrated with OpenText Magellan to offer more advanced reports that offer clients direct access to their data in order to assess the effectiveness of the investment management strategies there and then, without having to download an out of date PDF.

TORA’s Reporting function lets users perform calculations on any data source and create reports with clear visualizations and charts. The reporting function is integrated into the TORA platform and can be accessed via the web or on a mobile device, giving users an immediate view into their trading operations. Our Reporting solution serves up real-time results in graphic visualizations that put data at the users’ fingertips.

Transaction Cost Analysis

Transaction cost analysis is
not a new concept for asset managers and hedge funds.

For some, it’s been used for several decades now. Spurred by regulatory change and the emergence of new artificial intelligence powered technology, it has been elevated from being an after-the-fact, report cardtype exercise to be a key tool on traders’ desktops. TORA’s clients benefit from post-trade TCA, pre-trade TCA and broker algo recommendations.

Real-time TCA analytics are available in the TORA iHub reporting web tool and also in the TORA OEMS blotters. We offer access to interactive dashboards which offer a range of metrics for intra-day decision making and for detailed longer term analysis.

Transaction Cost Analysis is moving upstream

Real-time, actionable analytics
TORA delivers actionable TCA data to portfolio managers and traders across the order life cycle. Customized, delivered and managed by the same people and technology that run all your software.

You decide what you want
to see
Adjust analytics parameters on-the-fly so you get to see the data you care about and that your firm measures performance by. Get it in real-time so traders can take action, like routing to venues with better fill quality.

Leverage TCA data to achieve MiFID II best execution compliance
Use integrated pre-trade and intra-day analytics to drive execution strategy selection, and capture the entire process in a best-execution audit trail.

Features

  • Real-time proprietary AI-assisted pre-trade TCA in blotters
  • Integrations with third party pre-trade and post-trade TCA providers
  • Real-time proprietary post-trade TCA in interactive dashboards
  • Order and venue analysis tools

Compliance

Part of our OEMS, our compliance functionality allows you to manage your compliance controls wherever you go.

With automated updates, reports and real-time reconciliation TORA eliminates long and manual compliance tasks, by providing everything you need in one system.

Features

  • Permissioned users can set up new compliance checks on the fly
  • Automation for restricted trading lists
  • Flexible work flows with optional approval protocols
  • Large library of portfolio and trading based compliance checks
  • New rules delivered dynamically without requiring upgrades
  • Sub-millisecond latency and high-throughput portfolio and trading compliance engine

EXPLORE OUR FUND TRADING SYSTEM

Find out more about our leading solution offering execution, order and portfolio management with transaction cost analysis