ConvergEx Releases Eze Compliance Version 5.7

New Tools Offer Intuitive and Flexible Interface for Configuring Rules and Expanded Functionalities for UCITS Fund Managers

Jun 16, 2010, 09:24 ET from ConvergEx Group

NEW YORK and LONDON, June 16 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced the release of Eze Compliance version 5.7, the compliance software for ConvergEx's award winning order management system, the Eze OMS™. This release introduces a new Rule Editor, which provides an expanded set of functionalities for defining rules, including enhanced logic, increased customizations, new rule types and improved logic for existing rule types. Version 5.7 also introduces the Calculation Manager, offering a centralized location for managing configurable calculations using any data element in the system. Additionally, compliance rules can be set up to monitor various thresholds and alert users of violations via mobile alerts so users are kept informed when they are away from their desks.

"Our clients are using more complex and intricate rules to stay within the boundaries of their own self-imposed restrictions, those required by their clients or those mandated by regulation. With this latest release, compliance users will find it easier than ever to build rules using hundreds of templates and calculations, including updated templates for UCITS, such as issuer concentration and counterparty exposures rules," said Sean Sullivan, director of Global Sales for ConvergEx's Eze Castle Software.

In addition to these product enhancements, ConvergEx also offers a specialized consulting team that focuses on compliance implementations and ongoing support, including the configuration of new rules and calculations.

"These enhancements and the Eze support team are particularly valuable as UCITS and Newcits funds continue to enjoy a high level of popularity throughout Europe and beyond. To be successful, new UCITS funds not only need strong managers, they need robust, real-time risk and compliance management software to meet their regulatory needs," said Simon Clark, director of European Consulting for ConvergEx's Eze Castle Software. "Our team has been helping with UCITS fund launches for years and has a knowledge base surrounding the risk and compliance requirements that is tremendously helpful for clients."

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.

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 over 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


Elizabeth Anderson


SOURCE ConvergEx Group