Eze Castle Software Completes 20 OMS Implementations in First Quarter of 2006

Boston, MA (April 3, 2006) - Eze Castle Software (ECS), a leading provider of technology solutions to multi-strategy, global investment managers, announced today that it has completed 20 implementations of its order management system (OMS) in the first quarter of 2006. The well developed implementation methodology employed by ECS has allowed the company to quickly translate a record number of new client sales in the fourth quarter of 2005 to a record number of implementations in the first 3 months of 2006.

The list of successful installs includes a 4-week OMS implementation at New York City-based hedge fund Kettle Hill Capital Management, LLC. The project included: the installation of Eze Castle Software’s Traders Console OMS; configuration, testing, and implementation of 8 FIX trading connections; and data integration with Goldman Sachs Prime Brokerage to send and receive position data and trade files.

Kettle Hill Capital Management, LLC selected Eze Castle Software as their OMS for Eze Castle’s real-time integration and ease-of-use for trading long/short strategies. The firm has offices in both New York City and Long Island, NY and required that both have access to the Eze Castle Software systems. Eze Castle Software was not only able to meet their trading needs, but also met their operational and workflow requirements by providing real-time P&L on the trading desk, creating required custom reports, transmitting data to their prime broker, Goldman Sachs, and receiving drop-copy trades from Goldman’s REDIPlus into Traders Console OMS. By working closely with Kettle Hill on site, Eze Castle Software was able to meet both their functionality and business needs and complete the implementation two weeks early.

"Eze Castle Software’s commitment to service and support is the best we’ve seen in the industry," says Bryan Kiss, Controller of Kettle Hill Capital Management, LLC. "Our Eze Castle Software consultant worked closely with us during the implementation process to understand our workflow, manage the creation of our custom reporting, and train us on every aspect of the system. He was on our trading desk supporting us the days following our go-live with Traders Console OMS. By providing this unique, high-touch service, we were able to go live before our target date."

"We’ve been working with hedge funds like Kettle Hill since our company was founded 11 years ago and today service over 200 hedge funds in both the U.S. and Europe," says Mike Maguire, Vice President of Global Consulting at Eze Castle Software. "Our philosophy about service is simple - every client is our most important client. Each client receives the same high-touch service whether you are a hedge fund with 3 traders on the desk or a large asset manager with 12 desks and 60 traders. In order to fully support our clients, we are committed to providing excellence in client service, training, and technology. It is the formula that has made us successful and enables us to support 260 clients in the U.S. and Europe."

Eze Castle Software’s Product Suite provides multi-strategy global investment managers with the technology to support multi-asset-class order management, compliance, portfolio modeling, electronic trading, third-party data integration, mobile connectivity, real-time p/l, and commission management.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development