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Eze Castle Software Advances Electronic Trading Capabilities
Eze Castle Software, a leading provider of order management software, announces enhancements in electronic global trading capabilities. Eze Castles electronic trading product Eze-Connect is now FIX 4.2 compliant and handles both domestic and international equities, futures and list/program trades. New features also include the ability to auto-generate orders directly from FIX Indications of Interest. These developments bring clients one step closer to achieving true Straight Through Processing.
Boston, MA - Eze Castle Software, a leading provider of order management software, announces enhancements in electronic global trading capabilities. Eze Castles electronic trading product Eze-Connect is now FIX 4.2 compliant and handles both domestic and international equities, futures and list/program trades. New features also include the ability to auto-generate orders directly from FIX Indications of Interest. These developments bring clients one step closer to achieving true Straight Through Processing.
Eze-Connect integrates directly with Eze Castles order management products, Traders Console and Trident, allowing clients to connect electronically to the execution entity of their choice via FIX. Eze-Connect is able to work across any IP based network to establish electronic connectivity to over 100 brokers and ECNs. New developments include implementing FIX 4.2 and adding the ability to trade international equities, list /program trades and futures. Eze Castle also increased their ECN, ATS and routing network connections to entities such as: Island, Archipelago, REDI, G-Trade, B-trade, Instinet, Neonet, GL trade, ITG and Brut. We have been enhancing our ability to communicate more complex order types to the ECNs," says Kurt Welling, Product Manager for Eze-Connect. The ECNs and our clients now want the ability to use pegging or reserve book functionality from our OMS."
The number of electronic trading connections we support has increased 80% from last year. It has been critical to add capability to trade internationals, program trades and futures electronically," comments David Quinlan, President of Eze Castle Software. More than half of our clients are using our FIX enabled Eze-Connect product to trade electronically."
Additional new functions allow users to auto-generate orders directly from Indications of Interest (IOIs) messages sent via FIX. Eze-Connect attaches the Indication of Interest ID to the order and routes the order back to the broker/dealer for execution. This reduces the manual keying needed to generate an order and validates the IOI information sent to the user.
Quinlan continues, Our clients are demanding an STP solution. Eze-Connect is a critical component of our solution set. We will continue to enhance our product and increase our connections to ensure we are offering our clients the functionality they will need to achieve STP."
For more information regarding Eze Castle Software products, visit the Eze Castles Website at www.ezecastlesoftware.com.
About Eze Castle Software
Founded in 1995 Eze Castle Software is a software products company providing solutions to the global investment management market. With over 135 clients and offices in Boston, New York, San Francisco, Stamford and London, Eze Castle Software is one of the largest Trade Order Management product firms in the financial services industry. For information about the company please contact David Quinlan at 617-316-1186, by e-mail at Q@ezecastlesoftware.com or visit our web site at www.ezecastlesoftware.com.
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