SYDNEY, Nov. 14, 2012 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that Magellan Asset Management has selected its award‐winning order management system, the Eze OMS™, to streamline their investment management processes.
Magellan Financial Group is a specialist funds management business based in Sydney, Australia. Magellan manages global equities and global listed infrastructure strategies for institutional investors and high-net-worth and retail investors. Magellan is the sole operating subsidiary of Magellan Financial Group Limited, which is listed on the Australian Securities Exchange.
"Magellan sought a system to assist with portfolio management and trade execution and with robust pre-trade compliance functionality," said Chris O'Connor, director of Asia Pacific Sales for ConvergEx's Eze Castle Software. "Eze will assist by integrating their daily workflows with its flexible and robust software that includes cash ladder reporting, seamless third-party integration, portfolio modelling, trade entry and an extensive compliance rule set."
"After undergoing a detailed selection process of OMS providers across the market, Eze not only proved to be the most suitable system for our needs, but they also provide a superior client service model," said Nerida Campbell, chief operating officer of Magellan Asset Management. "We were especially impressed by Eze's best-in-class integration capabilities, which will facilitate straight-through processing across multiple counterparties and global markets."
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, trade management and operations in a single platform.
About ConvergEx Group
ConvergEx Group is a leading technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries globally. Its products and services span the investment life cycle and are designed to enable customers to achieve improved results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves more than 4,000 customers accessing over 100 global markets. Formed in 2006, the firm has over 1,250 employees located in 23 cities throughout the Americas, Europe, Middle East, Africa and Asia-Pacific.
ConvergEx Group includes ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC); LiquidPoint, LLC (member CBOE/SIPC); G-Trade Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); ConvergEx Prime Services LLC (member FINRA/SIPC); Eze Castle Software LLC; RealTick LLC; ConvergEx Solutions LLC, of which Cogent Consulting, ConnEx, Jaywalk and LDB are divisions; ConvergEx Limited in the UK and Australia; and ConvergEx Asia Pacific Limited in Hong Kong. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC. Additional information is available at www.convergex.com.
SOURCE ConvergEx Group