Compliance affecting trading systems, says Eze chief

The need to meet greater compliance requirements is causing a strain on the front-office, including execution management systems and order management systems, according to David Quinlan, co-president of Eze Software Group.

The need to meet greater compliance requirements is causing a strain on the front office, including execution management systems and order management systems, according to David Quinlan, co-president of Eze Software Group.

The need to route orders through compliance engines as investment ideas pass from the portfolio manager to the trader and then to markets to execute is affecting latency and causing issues for connections between disparate third-party systems, he said.

“The surge of regulatory requirements necessitates the increased use of compliance engines which can introduce additional complexity and latency to trading infrastructure,” Quinlan told theTRADEnews.com.

“This is a growing challenge among asset managers as they try to achieve greater speed and efficiency while processing complex trades in their execution management and order management systems,” he said. 

He added that solving this and similar issues such as connecting systems across the front-, middle- and back-office was a key issue asset managers were bringing to Eze.

 “Seamless integration between these systems is a key factor in improving front-to-back office functionality for the buy-side,” Quinlan said. 

Last year, Eze finalised a new business structure with the backing of a private equity firm and is now comprised of Eze OMS, Tradar PMS and RealTick EMS.

Quinlan said the firm’s current priority was helping buy-side clients find greater efficiency with their systems and foreshadowed a move to offer its products on the cloud and as software-as-a-service offerings.

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