L1 Capital Signs on With ConvergEx Group’s Eze OMS
ConvergEx Group, a leading technology company, announced October 6 that L1 Capital is now live on its award-winning order management system, the Eze OMS™.
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 OMS’s seamless data interfaces and flexible architecture also support straight-through processing to multiple third parties, including custodians and administrators.
“L1 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,” said Chris O’Connor, head of Australian sales for ConvergEx’s Eze Castle Software. “The 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.”
“Eze’s growing reputation in Australia and Asia-Pacific, their experience in both the traditional and alternative asset management spaces and the depth of the Eze OMS’s modeling functionality and global capabilities are what initially made Eze an attractive choice for us,” said Joel Arber, an associate at L1 Capital. “We also benefit from Eze Compliance’s enhanced operational risk controls which is appealing to investors. We are extremely happy with the Eze OMS and outstanding level of client support we’ve received.”
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.