TORA, a provider of execution technology and financial services, has launched its Compass Order and Execution Management System (OEMS) version 10, according to a TORA statement.
The latest build and new launch represents a combination of both order and execution management, which helps address issues of scaling on the buy-side. More specifically, the OEMS system mitigates the issues of dealing with multiple systems and complex technology integrations.
TORA is an open platform, and as such will be able to fully assimilate with all third-party system providers, whilst allowing fund managers to transition to TORA’s OEMS. Its latest iteration of the OEMS also includes a newly designed interface, compliance functionality gains, and eLocate integrations and workflows.
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The new build release is also important as it will aim to help clients grapple regulatory changes via its compliance tools, in which authorized users can set up or define new rules in their respective system. The new launch also builds off of a previously offered library of pre-trade compliance checks in the TORA OEMS.
According to Robert Dykes, Chief Executive Officer (CEO) of TORA, in a recent statement on the launch, “The TORA OEMS Version 10 release demonstrates TORA’s approach to innovative product development, which is to focus on client workflows while leveraging our advanced cloud-based infrastructure and cross-product integrations.”
“Whether that is in our EMS, OMS, compliance, portfolio management or risk systems, we continue to evolve and invest in our products to ensure that they are the best-in-class platform for fund managers,” he added.