Paradice Investment Management based in Sydney went live on the ConvergEx order management system, Eze OMS to expand its Australian and international trading operations.
According to the release, Paridice recently expanded its investment offerings to include a global small mid-cap investment strategy and they wanted a scalable solution to support the strategy as it grew. Eze’s dedicated support presence in Sydney will be an advantage to Paradice as they increase their level of international trading, noted Rafael Manalac, director of Eze Castle Software’s Asia-Pacific region, in the release. Robust compliance functionalities are built into the OMS should ease investor concerns, and allow the firm to expand their business and investor base, stated Manalac in the release.
Paradice will use the Eze OMS to streamline workflow between Paradice’s portfolio managers, traders and compliance officers, as they run 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.
“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,” commented Tony Hammond, chief operating officer at Paradice Investment Management, in the release. “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,” stated Hammond in the release.
The latest client win comes along with two years of strong growth for the Eze OMS in the Asia-Pacific region, said the company. With a physical presence in the region, Eze launched full-service offices in Hong Kong in 2008 and Sydney earlier in 2010. ConvergEx has seen extensive demand in the region for its products and services including trading, portfolio management, compliance and operations tools, according to company in the release. Asia-Pacific clients today include both hedge funds and traditional asset managers in Japan, Hong Kong, Singapore and Australia.