Hedge fund tech provider Eze Software Group has issued a patent for its management system, the RealTick\u00ae EMS. The patent covers the proprietary technology and methodology for the staging of electronic orders into a neutral (aggregation) account for execution, providing ultimate flexibility and workflow efficiency to traders while maintaining their anonymity.<\/p>\n
“We are excited to have been issued this patent,” said Daniel Rooney, president of Eze Software Group’s RealTick EMS division . “RealTick has always been a leader in providing multi-broker functionality and this patent recognizes that strength. Since its release, a majority of our customers have adopted Neutral Account Staging for aggregated orders as their preferred workflow.”<\/p>\n
This unique, proprietary staging workflow provides RealTick EMS users with an unparalleled level of control for multi-broker trading. Traders can stage orders without committing to a specific broker, and then send portions of the staged order to multiple brokers.<\/p>\n
“RealTick’s patented method uses a two-tier accounting system, where the parent-order is staged into a neutral aggregation account and each child-order is placed in a broker sub-account,” said Derek Gover, director of trading systems development for Eze Software Group’s RealTick EMS division and co-inventor of the patented system. “The details of the child-order are revealed only to the broker executing that portion of the order.”<\/p>\n
The trader remains in control of execution decisions at the time of the trade, but each broker in RealTick’s extensive broker-dealer network controls attributes of their sub-accounts, such as suitability rules, credit checks, and short locates. RealTick’s patented Neutral Account Staging method simplifies and streamlines the order management process for multi-broker trading, providing greater control and workflow efficiency to both buy-side and sell-side customers.<\/p>\n
“This is an important and exciting milestone for Eze Software,” said Tom Gavin, chief executive officer of Eze Software Group . “It is a testament to the talent and expertise of our employees, and of our dedication to providing innovative and cutting-edge technology solutions.”<\/p>\n
Eze Software Group’s RealTick EMS is an award-winning, global execution platform providing comprehensive trading, data and risk solutions. RealTick EMS features advanced multi-broker, global cross-asset execution capabilities with access to a network of more than 200 brokers worldwide. RealTick EMS’s unsurpassed flexibility, world-class client service, and fully configurable and intuitively integrated software have earned multiple industry awards and accolades over the course of more than 25 years of industry-leading innovation.<\/p>\n","protected":false},"excerpt":{"rendered":"
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