SS&C provides Cowen Digital’s institutional digital assets platform with OEMS access

SS&C Eze will provide clients with improved broker-agnostic access to institutional liquidity across the market.

SS&C Technologies has announced that Cowen Digital, Cowen’s digital asset division, will use SS&C Eze’s institutional order and execution management system (OEMS) platform to meet its clients’ digital asset trading needs.

Launched earlier this year, Cowen Digital aims to accommodate the rising demand for digital assets from institutional investors, offering full trade execution and custody services.

The move makes Cowen the first traditional investment bank to provide an institutional digital asset solution through Eze’s institutional OEMS platform.

“Our clients are already accessing 16 of the leading tokens through our high-touch trading desk,” said Eric Rose, head of execution at Cowen Digital. “Adding the Eze OEMS to our robust institutional-grade platform further extends our access to liquidity alongside the most relevant market data and enhances our clients’ ability to connect seamlessly with the digital asset market.”

The institutional digital asset trading platform from SS&C Eze offers improved broker-agnostic access to institutional liquidity throughout the market.

The platform provides market data from more than 35 sources spanning 100+ tokens and 500+ pairs, allowing users to customise order details and obtain buy/sell quotes for selected token pairs.

Clients who have access to Eze’s integrated OEMS capabilities can also generate crypto orders in their order management blotter and send them to Cowen for execution.

“Our digital asset trading network allows our clients and partners to fully integrate their crypto and other digital assets into their investment operations,” said Frank Matarese, senior director of product management at SS&C Eze. “This integration enables the same controls and workflows for the other instruments they trade today and provides access to liquidity on a global scale.”

Earlier this month, specialist fund manager Liontrust extended its relationship with SS&C to help manage the majority of its £38.5 billion in assets under management and advice (AuMa). The move builds on the support that SS&C has provided to Liontrust via its OEMS system since 2016.