Itiviti’s multi-asset order management system (OMS), which is used by more than 10,000 sales-traders worldwide to quickly onboard clients, has been selected by Atlantic Equities LLP, a US equity agency brokerage firm, to replace Bloomberg’s SSEOMS platform, the company announced this Thursday.

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Speaking on the switch, Rupert Della-Porta, Chief Operating Officer, Atlantic Equities LLP said: “After a full and thorough review of the solutions available to us in the market to replace SSEOMS, I am very pleased to announce that Itiviti was the only viable alternative capable of supporting our requirements.”

“We felt Itiviti’s comprehensive offering and deep expertise will enable us to take our business to the next level. We look forward to working with Itiviti as our new strategic partner.” 

Itiviti is a technology and service provider for financial institutions. The company’s OMS provides a suite of trade solutions. Namely, the equities brokerage will have access to a full equity OMS to better serve its institutional clients by giving them a wide range of DMA products and algorithmic trading suites, the statement said.

Atlantic Equities to use Itiviti OMS for Brexit preparation

Atlantic Equities will use the technology company’s solution to not only support its core trading desks in the United States, but the brokerage will also use the technology for its Frankfurt-based team, in preparation for Brexit.

“We are very pleased to be able to assist Atlantic Equities LLP with a platform migration to Itiviti following the announcement by Bloomberg to terminate support for its SSEOMS business,” added Lee Griggs, President EMEA. 

“Using Itiviti’s fully hosted order management system, Atlantic Equities LLP can provide their clients with a better experience utilizing our highly configurable platform. This deal signifies yet another successful SSEOMS migration to our already long list of migrated clients and we look forward to continuing to execute our strategy of being the only alternative for SSEOMS clients requiring a replacement solution.”