Investment technology provider Eze Software has teamed up with Trade Informatics to expand its best execution service with an automated trading engine.
Trade Informatics’ strategic and tactical analytic research and trading tool (START) helps institutions align trading and investment strategies to seek out best execution across broker direct market access (DMA) routes and dark pools.
Eze Investment Suite order and execution management system (OMS/EMS) users can use START from dashboards to manage costs and control the transparency of execution strategies, while maintaining anonymity of parent orders.
“Delivering best execution in today’s environment isn’t just about finding the best price and liquidity for an order; it’s about finding the optimal way to realise your investment strategy,” said Bill Neuman, senior managing director for product and engineering at Eze software.
“The partnership between the two technology providers started last year after Eze Software added Trade Informatics’ post-trade analytics to its transaction costs analysis service.”
Trade Informatics’ operating chief, Allan Goldstein, added that both companies maintain a shared vision of helping clients retain alpha, reduce investment costs and drive efficiency across operations.
“As we work to integrate START, we’re excited to offer to Eze users expanded opportunities to further automate and optimize their trading,” Goldstein said. “Our partnership complements our individual strengths, and we look forward to working together to develop innovative solutions that deliver unprecedented value to clients.”
Last month, it was confirmed that Eze Software will be acquired by SS&C Technologies for $1.45 billion as the middle- and back-office services provider looks to bolster its front office offerings with Eze’s OMS and EMS.
The transaction is expected to close by the fourth quarter of 2018 and is subject to clearances by the relevant regulatory authorities and other customary closing conditions.