SimCorp and TradingScreen (TS) have teamed up to develop an order and execution management system (OEMS) for the global buy-side community.
The new service acts as a central repository for trading data and reporting and simplifies the workflow in the front office for institutional investors by integrating multiple execution platforms on one service across asset classes.
Both parties said the new service tackles existing ‘pain points’ associated with current OEMS’s like slow order entry, data sharing, automation and transparency.
Matthew Reid, product manager for trading at SimCorp, explained providing highly automated tools for clients has long been a priority for the firm.
"Our partnership with TS aims to continue that focus, and to provide a much-needed solution to the current gap in the market. We strongly believe our new integrated solution holds the answer to many of the challenges faced by the global buy side community today," he said.
SimCorp and TradingScreen said they will work with their respective clients to continually improve the service from a workflow, connectivity and data standpoint.