ConvergEx Announces Paradice Investment Management is Live on the Eze OMS

NEW YORK and SYDNEY, July 7 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that Paradice Investment Management is now live on its award-winning order management system (OMS), the Eze OMS(TM).

Based in Sydney, Australia and managing close to AUD6 billion, Paradice turned to Eze to provide the flexible and robust technology platform and high-touch service that will assist Paradice as it expands both its Australian and international trading operations.  The Eze OMS streamlines the workflow between Paradice's portfolio managers, traders and compliance officers, seamlessly running pre- and post-trade compliance checks in real-time throughout the trade lifecycle and sending alerts to notify users of trades or portfolios that are in violation of investor or regulatory requirements.

"Paradice recently expanded its investment offerings to incorporate a global small mid-cap investment strategy and they wanted a scalable solution that could support this strategy as it grew," noted Rafael Manalac, director of Eze Castle Software's Asia-Pacific region. "With a dedicated support presence in Sydney, using the Eze OMS will be a tremendous advantage to Paradice as they increase their level of international trading.  Additionally, the robust compliance functionalities built into the OMS will help ease investor concerns, allowing Paradice to continue to expand their business and investor base."

"We were looking for a system that could handle our global trading and compliance needs through a single platform that links our front, middle and back-office functions together," said Tony Hammond, chief operating officer at Paradice Investment Management. "In addition, Eze has lived up to its reputation as a partner and not just a vendor.  Their high-touch support model and expertise simplified the implementation process and helped us avoid the typical obstacles a new fund faces on launch day."

This latest client win comes off of two years of strong growth for the Eze OMS in the Asia-Pacific region. Since launching full service Eze offices in Hong Kong in 2008 and Sydney earlier in 2010, ConvergEx has seen extensive demand in the region for Eze's products and services, including its trading, portfolio management, compliance and operations tools.

"Our growing physical presence in the region enables us to work closely with local clients and offer more than just industry-leading technology solutions.  We have been able to implement the high-touch support and partnership model that ConvergEx is known for," said Chris O'Connor, head of Australian Sales at ConvergEx's Eze Castle Software. "Our Asia-Pacific clients today include both hedge funds and traditional asset managers in Japan, Hong Kong, Singapore and Australia. We remain committed to continuing to expand our reach in the region through increased staffing and the opening of additional full service offices."

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.

ConvergEx is a leading technology company providing products and services to asset managers and financial intermediaries globally.  Its products and services span the investment life cycle and center on the development, marketing and servicing of technology-based solutions that enable clients to achieve improved investment results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves more than 6,000 institutional clients in 100 global markets.  Formed in 2006, the firm has over 1,000 employees in 22 locations throughout the U.S., Europe, Asia, Australia and Africa.

BNY ConvergEx Group, LLC 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.convergex.com.

SOURCE ConvergEx Group