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Last updated on April 20, 2014 at 14:04 EDT

ConvergEx Group Delivers PortfolioScience’s RiskAPI® in the Eze OMS(TM)

December 17, 2012

NEW YORK, Dec. 17, 2012 /PRNewswire/ — ConvergEx Group, a leading technology company, today announced that its award-winning order management system, the Eze OMS(TM), now offers PortfolioScience’s RiskAPI® risk management tools directly in the Eze OMS for a fully integrated, highly configurable risk solution.

Founded in 2000, PortfolioScience specializes in risk management technology for financial institutions, investment services, financial advisors and hedge funds. The company’s products allow fund managers, traders and investors alike to access risk analysis capabilities on-demand.

With this integration, Eze customers can view and analyze Value at Risk measures, historical volatility and the value of their portfolios and positions under stressed market conditions. They can also combine real-time views of P&L, exposure and investment strategies with powerful and accurate risk measures that keep track of intraday portfolio activity.

“The addition of PortfolioScience to our list of Eze Risk Framework partners provides our customers with risk measures that reflect intraday portfolio activity and are intuitive to understand,” said Davide Cis, CFA, director of Risk Product Management for ConvergEx’s Eze Castle Software. “This is an excellent complement to our recently released Valuation and Scenario risk management tools. Eze Portfolio Management users now have expanded access to a new set of measures that are important for monitoring and managing their portfolio risk and performance.”

“We are very excited about the integration of our tools into the Eze OMS. The combination of powerful, on-demand risk analytics and the spectrum of robust features of the Eze platform will result in a huge added value for the investment community,” said Ittai Korin, president of PortfolioScience. “The result represents a significant step forward for the industry in terms of making risk analysis available in a seamless and dynamic manner.”

The award?winning Eze OMS leverages a real?time open architecture to streamline the investment cycle for all asset classes – from idea generation through settlement. The Eze OMS provides functionality to support portfolio management, compliance, trading and operations in a single platform.

The Eze OMS, was recently named Best Buy-Side OMS, for the second consecutive year, in the 2012 Buy-Side Technology Awards.

About ConvergEx Group

ConvergEx Group is a leading technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries globally. Its products and services span the investment life cycle and are designed to enable customers to achieve improved results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves more than 4,000 customers accessing over 100 global markets. Formed in 2006, the firm has over 1,250 employees located in 23 cities throughout the Americas, Europe, Middle East, Africa and Asia-Pacific.

ConvergEx Group includes ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC); LiquidPoint, LLC (member CBOE/SIPC); G-Trade Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); ConvergEx Prime Services LLC (member FINRA/SIPC); Eze Castle Software LLC; RealTick LLC; ConvergEx Solutions LLC, of which Cogent Consulting, ConnEx, Jaywalk and LDB are divisions; ConvergEx Limited in the UK and Australia; and ConvergEx Asia Pacific Limited in Hong Kong. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC. Additional information is available at www.convergex.com.

    Contact:                  Elizabeth Anderson
                              EAnderson@convergex.com
                              212.468.7713

SOURCE ConvergEx Group


Source: PR Newswire