Infrastructural fund management specialist Ecofin has gone live with the Execta portfolio management and execution management system (EMS) created by Tethys Technology.
Ecofin has implemented Execta simultaneously in London and New York and plans to implement Total TCA, a pre- and post-trade transaction cost analysis application also offered by Tethys.
Tethys says its Execta EMS platform is a broker-neutral algorithmic trading and portfolio management system which supports global trading in equities, options, futures and F/X. The platform includes modules for trading strategy simulation and optimal execution strategy determination.
"Tethys products allow us to take advantage of trading opportunities around the world and they provide us access to state-of-art algorithmic trading technology and analytics on our desktop," says Mike Earlywine, trader, Ecofin. "In addition Tethys has helped us streamline the trade-booking and allocation process. Tethys Technology was one of the few vendors who could support the workflow we required. Ecofin chose Execta for its flexibility, low latency, algorithmic trading capabilities and the high-quality support. As our firm continues to grow, we needed a system that can easily scale to support new trading strategies and investment funds."
"We are pleased to have Ecofin as client," adds Nitin Gambhir, CEO and president of Tethys. "They are a sophisticated firm with understanding of markets and technology. Tethys is committed to providing analytics and trading technology to our clients globally."