ConvergEx Group, a leading technology company, today announced that L1 Capital is now live on its award-winning order management system, the Eze OMSâ¢.
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 OMSâs seamless data interfaces and flexible architecture also support straight-through processing to multiple third parties, including custodians and administrators.
âL1 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,â said Chris OâConnor, head of Australian sales for ConvergExâs Eze Castle Software. âThe 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.â
âEzeâs growing reputation in Australia and Asia-Pacific, their experience in both the traditional and alternative asset management spaces and the depth of the Eze OMSâs modeling functionality and global capabilities are what initially made Eze an attractive choice for us,â said Joel Arber, an associate at L1 Capital. âWe also benefit from Eze Complianceâs enhanced operational risk controls which is appealing to investors. We are extremely happy with the Eze OMS and outstanding level of client support weâve received.â
The awardâwinning Eze OMS leverages a realâtime open architecture to streamline the investment cycle for all asset classes â from idea generation through settlement. The Eze OMS provides functionality to support portfolio management, compliance, trading and operations in a single platform.