ConvergEx, a provider of investment and execution technology solutions to institutional clients, is giving clients of its order management system, Eze OMS, access to intraday, daily and monthly risk management analysis and reports through RiskMetrics Group.
Through the agreement, Eze OMS users have a seamless connection to RiskMetrics’ interactive application, RiskManager.
The tool analyses, measures and monitors risk, enabling users to communicate position information to RiskMetrics and receive back timely risk analysis reports based on intraday trade execution data.
The integration also allows clients to incorporate risk measures generated by RiskMetrics into the Eze OMS by leveraging Eze’s newly developed framework.
"We’re excited about the work we’re doing with RiskMetrics on this project," says Rob Keller, managing director of global product management at ConvergEx’s Eze Castle Software. "Leveraging our risk framework, this integration gives clients the ability to communicate real-time data between RiskManager and the Eze OMS, and create reports that co-mingle OMS data and risk calculations. The functionality is fully multi-asset class and supports the communication of complete terms and conditions data for bespoke instruments."
"A number of our hedge fund clients have expressed a need for intra-day risk analysis," adds Brian Schmid, head of RiskMetrics’ alternative investments business unit. "Our partnership with Eze enables hedge funds to analyse the risk of current positions throughout the trading day."
Eze OMS uses a real-time open architecture to streamline the investment cycle for all asset classes, from idea generation through settlement. It provides the functionality to support portfolio management, compliance, trading and operations in a single platform.
