TORA, provider of advanced cloud-based and order and execution management system (OEMS), announced a partnership with risk and compliance platform provider, Imagine Software to create a front-to-back end trading solution for hedge funds & asset managers.
The affiliation between the two companies’ offerings will provide a universal multi-asset front-to-back trading solution, with the two systems working together across the value chain to create an integrated trading platform.
TORA first established the industry’s first cloud-based OEMS over 13 years ago providing clients with trading tools for best execution and to manage complex trading strategies. TORA’s OEMS includes advanced functions for portfolio rebalancing, pre-trade and post-trade TCA to improve execution quality combined with post-trade allocations and commission management tools. The integrated software package already connects with custodians, prime brokerage and trade matching providers across the globe.
Imagine Software offers a broad range of real time risk, compliance and portfolio management tools which enable funds to view risk exposure with precision at any level of granularity. Imagine offers fair market pricing for all OTC instruments with powerful real time compliance checks.
During recent market changes to remote working and market volatility, TORA’s system has sustained large volumes within extremely sporadic markets and had no latency issues. The multi-asset, multi-region system that is compliant with MIFID II, can also provide detailed reports and analytics and has a broker-neutral pairs application.