Trading systems provider TORA has integrated its order and execution management system (OEMS) with a global institutional investment network, Liquidnet’s IA Trader. The integration should offer its users offers access to advanced artificial intelligence, data analytics tools and a broad range of Liquidnet trading algorithms.
Integrating IA Trader directly in the TORA OEMS is intended to help equity traders enhance their decision making process at the point of trade. The system delivers actionable signals, alerts, compact stamp summaries and data visualisation capabilities that are designed to provide clients greater day-to-day efficiency and enhanced operational workflow in one holistic system.
Liquidnet’s IA Trader provides pre, post and intra trade execution analytics driven by exception alerting across equity and related market data. Time-stamps, alerts and analytic tools are designed to help traders uncover potential hidden risks and opportunities in their blotters, portfolio or watchlists.
TORA’s OEMS offers trading for hedge funds and asset managers. The functionality is auditable, MIFID II compliant and is built to automatically detail in-depth order records, price information and to create best execution reports. TORA’s platform also delivers pre-trade and post-trade transaction cost analysis (TCA) to improve execution quality and ensure best execution.
Chris Jenkins, managing director at TORA said, “We are very pleased to have IA Trader available in the TORA OEMS platform. Data analytics play an ever more important role in the trading process and to have IA Trader as an added data point is very exciting for our clients. The embedded integration allows for a seamless workflow for all users.”
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