BOSTON and LONDON, Dec. 3 /PRNewswire/ -- ConvergEx, a leading provider of investment and execution technology solutions to institutional clients worldwide, today announced that its order management system (OMS), the Eze OMS(TM), has been selected by the London-based investment firm Odey Asset Management. The Eze OMS now provides support and automation for all of Odey's pre-trade compliance, position checking, order management and electronic trading processes.

"After a thorough assessment of various OMS providers, we found that the Eze OMS was the solution that best met our needs and we are thrilled with the results," said Tim Pearey, chief financial officer of Odey Asset Management. "Not only have we saved significant time and resources through an optimized workflow, but we have also been extremely impressed with the level of comprehension and personalized support that Eze has provided through every step of the implementation process."

Founded in 1991, Odey is one of Europe's leading investment firms, managing over $6 billion in assets for many of the world's leading institutional investors, private banks and individual investors. Prior to implementing the Eze OMS, Odey utilized a manual trading workflow, booking orders directly into their back-office system at the end of each trading day. Odey was looking for an OMS that would enable them to route orders electronically to their brokers, assist with allocations and improve overall straight through processing for the entire investment cycle.

"By utilizing Eze's integrated modeling, compliance and trading functionality, Odey has benefited from increased operational efficiencies. As one example, using the Eze OMS, Odey is now able to conduct regular portfolio rebalances in a matter of minutes, not hours," said Sean Sullivan, executive vice president of Global Sales for ConvergEx's Eze Castle Software. "In addition, Odey is now able to streamline their end of day process with seamless connectivity to their portfolio management system."

The award-winning Eze OMS leverages a real-time open architecture to streamline the investment cycle for all asset classes - from idea generation through settlement. The Eze OMS provides functionality to support portfolio management, compliance, trading, and operations in a single platform.

About ConvergEx

BNY ConvergEx Group, LLC provides investment and execution technology solutions to institutional clients worldwide. The Company is comprised of the following businesses: BNY ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), LiquidPoint, LLC (member CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); G-Trade Services LLC (member FINRA/SIPC); NorthPoint Trading Partners, LLC (member FINRA/SIPC); Eze Castle Software LLC, and ConvergEx Research Solutions LLC, of which Jaywalk and Cogent Consulting are divisions. Additional information is available at www.bnyconvergex.com.

Contact:     Elizabeth Anderson
             EAnderson@bnyconvergex.com
             212.468.7713

SOURCE ConvergEx

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