About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

TORA Implements Cloud OEMS at Buy-Side Firms Based in Zurich and New York

Subscribe to our newsletter

TORA has reported two implementations of its order and execution management system (OEMS) in as many weeks, taking both Zurich-based Systematic Investment Management AG (SIMAG) and New York-based Schonfeld Strategic Advisors’ Asian offices into the cloud with its unified OEMS.

These implementations follow consolidation in the OEMS industry over recent years and demonstrate buy-side intent to improve technology and move solutions off premise and into the cloud.

SIMAG, a joint venture between Credit Suisse and the Swiss Federal Institute of Technology, uses artificial intelligence (AI) to extract signals from noisy financial data. The firm was looking for a technology partner that offered a cloud-based, unified OEMS and portfolio management system (PMS) that would allow it to execute sophisticated strategies using straight-through processing (STP). It also required an open system that could quickly interface with existing technology and deal with post- trade allocations.

Christian Gast, SIMAG CEO, says a selection process found TORA was best placed to provide flexible configuration, state-of-the-art technology and client service for the firm’s STP requirements.

Schonfeld Strategic Advisors, a global asset manager, has implemented the TORA OEMS to manage its Asian equity trading operations after a two-year, head-to-head evaluation that ultimately replaced a legacy OEMS platform with the TORA solution. Schonfeld is also using TORA Ticketing to support middle and back-office functions, including post-trade allocations.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The Role of Data Fabric and Data Mesh in Modern Trading Infrastructures

The demands on trading infrastructure are intensifying. Increasing data volumes, the necessity for real-time processing, and stringent regulatory requirements are exposing the limitations of legacy data architectures. In response, firms are re-evaluating their data strategies to improve agility, scalability, and governance. Two architectural models central to this conversation are Data Fabric and Data Mesh. This...

BLOG

DCEM Aims to Unlock Carbon Liquidity with Capital Markets-Grade Settlement Tech

Financial services solutions provider Delta Capita has launched a new joint venture, DCEM, to deploy a capital markets-grade trading and post-trade platform aimed at solving the trust deficit and liquidity crisis hindering the growth of sovereign environmental markets. The new infrastructure is designed to replace the fragmented, spreadsheet-driven processes that have undermined confidence in the...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Connecting to Today’s Fast Markets

At the same time, the growth of high frequency and event-driven trading techniques is spurring demand for direct feed services sourced from exchanges and other trading venues, including alternative trading systems and multilateral trading facilities. Handling these high-speed data feeds its presenting market data managers and their infrastructure teams with a challenge: how to manage...