DZ BANK Group has selected Itiviti’s OMS for speed and connectivity
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DZ BANK Group has selected Itiviti’s OMS for speed and connectivity 11 June 2019London Reporter: Jenna Lomax
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DZ BANK Group has selected Itiviti’s multi-asset order management system (OMS) to support an increase in customer demand as well as speed and connectivity to different markets and brokers.
The OMS/execution management systems (EMS) provides standardised order handling functionalities for multiple asset classes including cash equities, futures and options, mutual funds.
The OMS can quickly onboard clients, manage orders in real-time through a shared order book, route execution to any venue, customise commission schemes and automate post-trade tasks to secure bookings and regulatory compliance.
Itiviti’s OMS supplies access to cross-asset orders from a global network of customers and is easily integrated with third-party systems to ensure fast and reliable executions.
Vincent Lemaire, Europe, the Middle East and Africa president for agency trading, said: “This is another successful milestone for Itiviti in moving customers from legacy providers in the execution market.”
He added: “We have become the default migration path for sell-side execution OMS clients following the announcement from Bloomberg, and we see this as a great opportunity to help our customers who now find themselves looking for an alternative solution.”
Frank Tüffers, head of integrated execution services at DZ PRIVATBANK, commented: “We welcome the opportunity to build on our relationship with Itiviti as their solution provides the full customisation, performance and global outreach we value as an opportunity for growth.”
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