Boston, MA (PRWEB) December 7, 2007
http://www.coderedinc.com Code:Red Inc, a leading provider of research management solutions, today announced several new enhanced integration capabilities that enable Eze Castle Software (Eze) clients to leverage their existing trading, P&L, and commission management software infrastructure. Eze Castle Software is a member of BNY ConvergEx Group and a leading provider of investment technology to the buy-side community.
Code Red now offers numerous integration modules with its Research Management Solution (RMS), Red Alerts™, to help investment organizations leverage existing infrastructure in trading and broker vote systems, reduce implementation costs and seamlessly unify an organization's work-flow into a centralized view of all phases of the trade life cycle, from the initial idea to final execution and evaluation of such ideas.
Thanks to Red Alert's integration with the Eze OMS™, users can refer to historical trading activity and analyze the historical and current performance of trading ideas, as well as easily access and navigate through research information and current portfolio positions in order to make trading decisions. These integration modules include: holdings, security master data, trading history, and even P&L data. Furthermore, Red Alerts' integration with Eze Commission Management™ allows the organization to successfully transfer ranking data between both systems for a more effective and streamlined broker voting process.
"Since both Eze and Code Red's applications both run on standard and open Microsoft database technology, we are able to utilize built-in tools for a plug and play integration," says Code Red's CEO and co-founder, Tim Gavin. "Our clients are now able to seamlessly link multiple core business applications to have a streamlined life cycle from Idea Tracking and Research Management to Trading to Commission Management and Commission Allocation."
The CIO of a multi-billion dollar hedge fund, and recent Code Red client, added "Our firm spent considerable time and resources vetting the research management systems currently available to the market, and weighed the benefits of building vs. buying. The results were clear -- Code Red's Red Alerts™, out of the box, provided seamless integration with the Eze OMS for synchronization of securities, holdings, trading history, and P&L data. Additionally, their platform is both robust and scalable, and will certainly meet or exceed our hefty demands for security, expandability, and timely and precise delivery of critical data."
About Code:Red Inc.
About Code:Red Inc. -- Code Red provides research management software to the investment management industry. Code Red's flagship product Red Alerts RMS™, a Research Management Solution that acts as a portfolio manager and analyst workstation. Red Alerts RMS™ organizes and automates the investment management process, facilitates rating and ranking of information sources, and speeds navigation of investment research and the discovery of new ideas. For more information, contact Jaime Bean at (212) 421-1670 or visit our website at http://www.coderedinc.com.
About BNY ConvergEx Group
BNY ConvergEx Group, LLC provides premier institutional agency brokerage and investment technology solutions designed to deliver a comprehensive, integrated approach to the investment cycle, from idea generation and trade execution to clearance and settlement. The Company offers a broadly diversified suite of services providing innovative solutions in liquidity and execution management, investment technologies and intermediary and clearing services. BNY ConvergEx Group is comprised of the following businesses: BNY ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), including BNY Global Transition Management and LJR Recapture Services; LiquidPoint, LLC (member CBOE/SIPC); Eze Castle Transaction Services LLC and Westminster Research Associates LLC (members FINRA/SIPC); BNY Jaywalk LLC; ConvergEx Global Markets Ltd. and Eze Castle Software LLC. BNY ConvergEx Group is an affiliate of The Bank of New York Mellon Corporation. (NYSE: BK). Additional information is available at http://www.bnyconvergex.com.