TORA gains further traction in Europe as SIMAG investment funds seek more enhanced straight-through processing between trading and portfolio management functions.
LONDON – April 2, 2019: Institutional trading and portfolio management systems provider TORA has today announced the successful implementation of its Order and Execution Management System (OEMS) and Portfolio Management System (PMS) at Systematic Investment Management AG (SIMAG) based in Zurich.
SIMAG was formed in 2017 as a joint venture between Credit Suisse and the Swiss Federal Institute of Technology (ETH Zurich). Their unique investment capabilities derive from more than a quarter-century of research into systematically detecting patterns and inefficiencies in financial markets. SIMAG employs the most advanced artificial intelligence technology to extract signals from noisy financial data.
SIMAG required a leading independent technology partner that offered a cloud-based unified OEMS and PMS that would allow them to execute their sophisticated strategies using straight-through processing. They also required an open system that could quickly and robustly interface with their existing technology whilst simultaneously dealing with post trade allocations. The TORA investment technology suite is used by many global funds looking for operational efficiencies combined with cutting edge trading functionality.
Christian Gast, SIMAG’s CEO who recently joined from Blackrock where he was Head of iShares and Index Investing, said “The integration of TORA has been an essential tool in the efficient execution of our global strategy. After a thorough selection process, we found TORA’s flexible configuration, state-of-the-art technology and tailored client service to be the best solution for our STP requirements.”
David Tattan, Head of European Sales, TORA stated “We are delighted the TORA platform is supporting SIMAG on their new fund launch and their future growth. We see more and more clients wanting to capitalise on the unified system that TORA offers, and utilizing the cloud based technology to scale as they grow. We are continuously looking to invest in the success of our clients with flexible, scalable technology and hands-on service.”
About Systematic Investment Management AG (SIMAG)
SIMAG was formed as an independent joint venture between Credit Suisse Asset Management and a spin-off company of ETH Zurich. SIMAG’s cutting edge AI technology enables automated learning and allows them to evaluate and process vast amounts of data with greater speed in order to form a more comprehensive and differentiated picture of stock drivers and untapped alpha sources. SIMAGs array of investment offerings includes bespoke equity solutions primarily for institutional investors, advisory on financial market signals, and a suite of mutual funds that apply our signature investment process to an ESG compliant universe.
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 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.stage.toratrading.tw
Forefront Communications for TORA