A-Team Insight Blogs

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

Share article

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.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Upcoming Webinar: Moving the trading technology stack to the cloud

Date: 17 September 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. Migration of financial apps and data to the cloud is well underway as financial institutions take the opportunity to cut the cost of running systems on premise, scale as and when required, and spin up test environments quickly and inexpensively. Moving the...

BLOG

Torstone Acquisition of Percentile Delivers More than the Sum of its Parts

Torstone Technology’s recent agreement to acquire Percentile will add risk management and compliance technology to the company’s post-trade securities and derivatives processes, making its Inferno platform a full-service, cross-asset, global post-trade solution. The deal will also add a compliance solution for Fundamental Review of the Trading Book (FRTB) regulation to Torstone’s portfolio. The acquisition will...

EVENT

TradingTech Summit New York City

The TradingTech Summit is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and explores progress trading firms are making towards digital transformation initiatives and how they are using high performance technologies to gain an edge in the current regulatory environment.

GUIDE

Enterprise Data Management, 2010 Edition

The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...