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L1 Capital Signs on with ConvergEx Group's Eze OMS™
Oct 05, 2011 (05:10 PM EDT)
Australia-Based Fund Manager Leverages Next-Generation Portfolio Management Solution
SYDNEY and NEW YORK, Oct. 5, 2011 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that L1 Capital is now live on its award-winning order management system, the Eze OMS™.
Based in Melbourne, Australia, L1 Capital is a privately-owned independent equities fund manager. L1 Capital now uses the Eze OMS to automate their investment processes, including portfolio modeling and allocations, compliance and global electronic trading. The Eze OMS's seamless data interfaces and flexible architecture also support straight-through processing to multiple third parties, including custodians and administrators.
"L1 Capital was launching a new long/short global equity fund and needed a multi-currency, multi-regional OMS that could handle their growing requirements. In particular, they were looking for better management over their modeling and compliance workflows which were previously handled in spreadsheets," said Chris O'Connor, head of Australian sales for ConvergEx's Eze Castle Software. "The Eze OMS significantly streamlines these workflows with automated portfolio rebalancing and real-time pre-trade compliance. Cash management functionality built into the Eze OMS allows L1 Capital to manage cash flows across their funds with ease."
"Eze's growing reputation in Australia and Asia-Pacific, their experience in both the traditional and alternative asset management spaces and the depth of the Eze OMS's modeling functionality and global capabilities are what initially made Eze an attractive choice for us," said Joel Arber, an associate at L1 Capital. "We also benefit from Eze Compliance's enhanced operational risk controls which is appealing to investors. We are extremely happy with the Eze OMS and outstanding level of client support we've received."
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 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 customers accessing over 100 global markets. Formed in 2006, the firm has over 1,200 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, RealTick LLC and ConvergEx Research Solutions LLC, of which Jaywalk, Cogent Consulting and LDB are divisions. Additional information is available at www.convergex.com.
SOURCE ConvergEx Group