BNY CONVERGEX LINKS EZE SYSTEM WITH MARKETAXESS

Posted August 24, 2009

NEW YORK – Investment technology solutions provider and global agency brokerage BNY ConvergEx LLC has linked the Eze OMS [order management system] offered by its Eze Castle Software unit to MarketAxess, a fixed-income trading platform.

The integration streamlines workflow between the two systems, allowing traders to enter orders in the Eze OMS or MarketAxess, and send trade and execution information between the trader’s blotter and the MarketAxess platform. The combined capability provides clients with additional execution alternatives for credit instruments and increases their overall operational efficiency.

“Eze has long been committed to providing our clients easy access to leading execution venues for a wide range of asset classes,” says Rob Keller, Managing Director of Global Product Management at Eze Castle Software. “Through our integration with MarketAxess, we offer clients single-click access from the Eze OMS to 54 of the leading dealers for fixed-income execution in the US.”

The Eze OMS has more than 380 buy-side firms as users, and leverages a real-time open architecture to streamline the investment cycle for all asset classes.

“The MarketAxess straight-through processing (STP) solution allows our clients to easily execute trades and seamlessly display the trade details within the Eze OMS,” says Nick Themelis, CIO of MarketAxess. “This is especially relevant in the current volatile markets.”