Establishment of FIX Interoperability between TORA® Compass™ and Eze OMS™ provides clients increased choice for execution and destination
Tokyo and New York – 27 January 2010 – Tora, Asia’s leading provider of advanced trading technology and financial services, and ConvergEx, a premier provider of investment and execution technology solutions to institutional clients worldwide, have agreed to provide seamless integration between Tora’s high performance, Asia-focused trading platform, TORA Compass, and ConvergEx’s award winning order management system (OMS), the Eze OMS™.
Under the agreement, clients of TORA Compass can keep their orders in synch with the Eze OMS, while benefitting from real-time profit and loss and risk management in both systems. In addition, Eze OMS clients will gain access to new, expanded Asia-specific trading features and broker connectivity through TORA Compass.
“We are delighted to be working with ConvergEx to bring this new level of interoperability to our mutual clients”, said Oren Blonstein, Director of Global Professional Services at Tora. “The integration of TORA Compass with Eze OMS will also enable a broader range of buy-side firms to realize the benefits provided by Tora’s expansive offering of execution products.”
“Tora represents a natural selection for us as we continually work to provide a superior trading experience for our large and growing Eze OMS client base,” said Joe Doherty, managing director of ConvergEx’s Eze Castle Software division. “The broad reach of TORA Compass and deep access to liquidity across the key Asian markets provides more options for clients to achieve superior execution.”
The Eze OMS leverages a real-time open architecture to streamline the investment cycle for all asset classes – from idea generation through settlement. TORA Compass provides a full suite of trade execution capabilities utilizing direct market access, worked or algorithmic trading, across all exchanges and dozens of OTC venues in Asia.
Tora is Asia’s leading provider of advanced trading technology and financial services. Tora’s unrivalled solutions span the entire trading process, offering traders a full suite of trade execution capabilities in markets across Asia, North America and Europe. Tora’s high-performance EMS/OMS has been designed from the ground up by traders, and is currently used by traders at hedge funds, long-only funds and sell-side proprietary trading desks. Tora also provides clients with access to its unique liquidity pools including Asia’s leading non-displayed matching engine, and additional third party liquidity offerings. Tora’s extensive suite of proprietary algorithms (trading and strategy-focused) is fully customizable, and is broker neutral. In addition, Tora’s dedicated Asia trading desk delivers to buy-side clients unmatched Asia expertise and extensive analytics focused on best execution. Tora has over 175 employees dedicated to Asia, with offices in Tokyo, Hong Kong, Singapore, New York, Los Angeles and San Francisco. Additional information is available at www.stage.toratrading.tw.
About ConvergEx Group
BNY ConvergEx Group, LLC provides investment and execution technology solutions to institutional clients worldwide. The Company is comprised of the following businesses: BNY ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), LiquidPoint, LLC (member CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); G-Trade Services LLC (member FINRA/SIPC); NorthPoint Trading Partners, LLC (member FINRA/SIPC); Eze Castle Software LLC, and ConvergEx Research Solutions LLC, of which Jaywalk and Cogent Consulting are divisions. Additional information is available at www.bnyconvergex.com.
Contact: Maryam Aflak
+1 415 546 2297
TORA Compass and the TORA logo are trademarks or registered trademarks of TORA Trading Services in the United States and other countries. All other trademarks are the property of their respective owners.