SIMCORP AND TRADINGSCREEN JOIN FORCES FOR OEMS.
SimCorp, a provider of investment management solutions and services and TradingScreen a multi-asset class Execution Management System (EMS) have joined forces to develop an order and execution management system (OEMS) for cross asset trading for the global buyside community.
The new solution acts as a central repository for trading data and reporting, integrating the OMS and EMS, and tackling many of the pain points associated with current OEMS offerings in the market. The solution meets the much-needed requirement for workflow simplification in the front office by enabling institutional investors to consolidate multiple execution platforms into one integrated solution across asset classes.
In addition, the new OEMS helps overcome existing difficulties concerning slow order entry, data sharing, and automation transparency faced by portfolio managers, traders and compliance officers. This is an area that continues to be a key priority for institutional investors in light of regulations such as MiFID II.
In fact, in a recent InvestOps European buyside survey commissioned by SimCorp, 46% of firms stated increased automation as one of the top strategic objectives for 2017/18. Overall, the report, which canvassed 100 European heads of operations across the asset management universe found client demands, regulation and cost pressures to be the biggest drivers of change.
The report explored the convergence of the front, middle, and back office, and how it redefines the role of data and investment management systems.
The alliance with TradingScreen underscores Simcorp’s continued investment into its front to back investment management solution, SimCorp Dimension, which manages over $20tn in assets across more than 180 clients worldwide. Going forward, SimCorp and TS will work with their respective clients to further enhance the front office offering from a workflow, connectivity and data standpoint.
According to Varghese Thomas, Chief Strategy Officer, TS, “TS is committed to providing our clients the most accessible, highest calibre technology and connectivity to deliver ‘best execution’. The combination of our TradeSmart EMS with the SimCorp Dimension OMS delivers on this promise, with a front to back integration and rapid implementation owing to TS’ industry leading SaaS deployment.”
Matthew Reid, Product Manager, Trading, SimCorp adds, “Providing highly automated functionality and an effortless user experience have always been a priority for SimCorp. Our partnership with TS aims to continue that focus, and to provide a much-needed solution to the current gap in the market. We strongly believe our new integrated solution holds the answer to many of the challenges faced by the global buy side community today.”