BNY ConvergEx Group, a provider of agency brokerage and investment technology solutions, has announced that member company Eze Castle Software (ECS) achieved record results in 2006.
In 2006, ECS signed 58 new order management system (OMS) clients and 22 new compliance clients and completed over 90 product implementations. It increased revenue by nearly 35%, continued to expand functionality across its product suite, and completed the transformational deal to form BNY ConvergEx Group. Today, ECS products are used by nearly 300 buy-side firms world-wide with 90% trading through the ECS OMS.
“Our continued success is a direct result of our firm’s commitment to client service and technology,” says Tom Gavin, CEO, Eze Castle Software. “Our high-touch client service and consulting model doesn’t stop after an implementation or upgrade. We go beyond delivering a product to the client’s desktop. We view our clients as our partners, seeking their feedback on our strategic initiatives to ensure we deliver the tools they want and need. This support model contributed to the record signing of 58 clients and the completion of 92 product implementations in 2006,” he adds.
The number of client electronic trading connections administered and supported by ECS increased 81% in 2006. “Our clients look to us to incorporate the most robust global investment technology solutions into their investment workflow. This includes technology to handle multi-strategy and multi-asset class investing, connectivity to multiple execution destinations, settlement data transfers, and compliance monitoring,” comments Sean Sullivan, executive vice president and director, global sales, Eze Castle Software.
On October, 2, 2006, ECS joined forces with BNY Securities Group to form BNY ConvergEx Group.