The use of mobile applications within the institutional FX sector could be considered to be something of an unknown quantity among many market participants, and is certainly far from widespread as it is among retail companies which rely on users of mobile devices for producing a very worthwhile proportion of their business.
One particular company which considers the institutional sector an area worthy of investment is Eze Software Group, which today released a new advanced execution management platform for iOS and Android devices.
Order Management On The Move
Eze Software Group, which was formed in April this year in Boston, Massachusetts came into existence as an amalgamation of three established firms, and was granted a patent for electronic trading by the US Patent Office on April 18 for its RealTick EMS execution management system.
The intention and rational behind the new mobile application is to extend the fundamental trading, market data, and risk management capabilities of the RealTick EMS beyond the traditional desktop system.
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Industry participants will be provided with a full trading facility with the new mobile system, which is branded RealTick UltraLite, including the ability to manage orders and positions, look up quotes, and enter or cancel trades from any HTML5-compliant mobile device, tablet, or major desktop web browser.
The platform supports trading in various asset classes including equities, options, futures, FX, and fixed income.
On behalf of Eze Software Group’s Realtick EMS division, Managing Director and Head of Business Development Bud Daleiden today stated “In today’s fast-paced market it has become increasingly important for investment managers to have the flexibility to manage trade execution on the move.”
“RealTick UltraLite untethers the trader from the desktop, offering access to the global, multi-broker, cross-asset class execution capabilities of the RealTick EMS in a convenient mobile platform. It also extends the core functionality of the RealTick platform into the customer’s website or other custom web integrations” explained Mr. Daleiden.
RealTick UltraLite is the most recent addition to Eze Software’s mobile product suite, which also includes Eze Mobile for iPad, a native application that offers access to critical Eze OMS portfolio analytics, trading, and core compliance functionality, into which RealTick EMS data was integrated in June this year.
The resources to develop such systems are something which Eze Software Group has demonstrated willingness to invest in since its inauguration just a few months ago, as the firm is experiencing a period of growth, having concluded three consecutive months of near-record growth in the number of RealTick EMS institutional connections as well as multiple other Eze Software sales records in the first half of 2013.