03.30.2015

Buy Side Seeks More Visibility Into Back Office

03.30.2015
Terry Flanagan

Regulatory and investor pressures are pushing asset management companies to optimize back-office operations, executives at Eze Software Group told Markets Media.

“We’re seeing more of our client and prospect base looking to consolidate the desktop in the sense of having more seamless workflows between all of the point solutions that they have,” said Rob Agne, director and head of product management at Eze Software Group. “We obviously have a wealth of clients that leverage both our OMS (order management system) and PMS (portfolio management system), and we continue to evolve our strategy to make it easier to have that front to middle to back office seamless workflow.”

The company has announced deeper integration between its Tradar PMS and Eze OMS, including an API connection, with the aim of creating seamless workflow between the two systems. The integration points include a trade workflow, security auto-creation and end-of-day position synchronization, with further enhancements expected this year.

A PMS serves as the backbone of a firm’s investment operations, providing an accurate and holistic view of portfolios, as well as transaction management, a historic record of transactions and positions, and real-time Net Asset Value.

“What we’ve enhanced here is the ability to track transactional level financing, being able to ensure that the end NAV on a day-to-day basis is correct and all the cash flows to and from the prime broker is also in line as well,” said Neil Sandle, associate director, product management at Eze Software. “This is to ensure that you’re building out the reports, pricing the portfolio, running true corporate actions, adjusting all the positions and then that accrual process right at the end before finalizing the NAV.”

A number of clients are running their portfolios out of Excel spreadsheets, “but with the regulatory pressures and investor pressures, we’re seeing a number of small start-ups, but also other funds that were using in-house systems, wanting to use a best of breed product,” Sandle said. “Because we provide a full front to back solution, clients feel confident that they can have true straight-through processing.”

Eze Software has also enhanced support for trading FX non-deliverable forwards with improved trade workflows, support for the new 2014 ISDA price curves, and enhanced FX and NDF detail in reports.

“Over 2014, we on-boarded a number of FX clients, and what that meant effectively was we needed to improve our support around NDFs, but more importantly improving our ability to process these and provide better workflow for our client base,” Sandle said. “This means the ability from a single transaction form to generate the realized P&Ls, and to ensure that our reports in terms of NAV and cash flow are correctly meeting the requirement of the NDF workflow specifically.”

Feature image via iStock

Pension funds, sovereign wealth funds, endowments and other institutional asset owners are sitting on vast troves of data -- but extracting value from that data is more challenging than ever.

#AssetOwners #DataQuality

Technology costs in asset management have grown disproportionately, but McKinsey research finds the increased spending hasn’t consistently translated into higher productivity.
#AI #Fiance

We're in the FINAL WEEK for the European Women in Finance Awards nominations – don't miss your chance to spotlight the incredible women driving change in finance!
#WomenInFinance #FinanceAwards #FinanceCommunity #EuropeanFinance @WomeninFinanceM

ICYMI: @marketsmedia sat down with EDXM CEO Tony Acuña-Rohter to discuss the launch of EDXM International’s perpetual futures platform in Singapore and what it means for institutional crypto trading.
Read the full interview: https://bit.ly/45xRUWh

Load More

Related articles

  1. The ETF gives exposure to euro sovereigns through a climate transition-focused investment strategy.

  2. Pool tokens allow a range of already tokenised assets to be put together into a new token.

  3. This project in Hong Kong is a milestone for automating fund issuance & lifecycle management.

  4. The fund manager's compliant tokenization is mixed with Binance’s trading infrastructure & reach.

  5. The launch of Fidelity’s FDIT signals another step forward for tokenization.

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.

Close the CTA