ESP, a buy-side solutions provider, has integrated its new Clearvoyance post-trade aggregating software with trading technology firm Linedata’s LongView Trading order management system.
ESP’s Clearvoyance software enables buy-side firms to aggregate output from OMSs and then aggregate the resulting settlements. The link will allow Linedata clients to aggregate settlements, while preserving all original broker execution, performance and commission details in the OMS for post-trade analysis and accounting purposes.
“Now, buy-side clients of Linedata’s LongView order management system can streamline their allocation and settlement processes without requiring any change to their existing FIX routing infrastructure or broker and commission rules,” said ESP managing director David Sher in a statement. “Through Clearvoyance, buy-side firms gain the flexibility to choose the timing and scope of settlement aggregation, as well as which brokers, execution services, and accounts participate.”