Eze rolls out full suite for hedge fund managers, asset managers and family offices
SS&C Eze Software has been amplifying its services aimed at the electronic trading and wealth management sector for some years now. This week, the firm launches a full end to end solution for hedge funds, portfolio managers and family offices
today announced Eze Eclipse, SS&C Eze’s cloud-based front-to-back office investment management platform, has signed on more than 150 clients. SS&C Eze has also appointed Ennio Carboni to spearhead product and engineering for Eclipse and Eze Investment Suite.
This represents another move in the direction of providing comprehensive buy side solutions to the electronic trading industry, Eze having invested heavily in solutions for compliance needs for groups ahead of the January 2018 implementation of MiFID II.
At that time, the company’s rollout of a new commission management platform focused on the full commission management lifecycle including an emphasis on research evaluation, budgeting, unbundling, and the specification of RPA payments.
Just prior to that, Eze partnered with Trade Informatics, a provider of quantitative trading analytics for institutions, to enhance its post trade analytics, allowing its clients to use the available trade analytics to compare and enhance their trading strategies.
Now, Eze is rolling out Eze Eclipse, which is a cloud-native platform for investment managers looking to streamline trading operations, optimize efficiency and minimize the total cost of ownership. The platform had more than 50 clients go live so far in 2020, remotely onboarding 1-2 firms a week on average since the start of the COVID-19 pandemic. Eze Eclipse more than doubled its client base among hedge funds, family offices and other asset managers in the last 12 months and has retained 100% of clients.
“Eze Eclipse nailed it. There is an abundance of features, functionality, and workflows that are available right out-of-the-box, and the functionality grows alongside your business,” said Venera Giannetto, Alpine Peaks Capital’s CFO and COO. “Eze Eclipse institutionalized our infrastructure, which allows us to optimize our day-to-day activities, mitigate risk, and maximize efficiencies.”
Recent enhancements focused on front-office improvements, including modeling enhancements and a quick-entry trading ticket, which improved trade entry speed by 70%*. Eclipse also streamlined reconciliation and added the capability to view and troubleshoot progress from a single view. A new mobile app empowers portfolio managers, traders, and compliance officers to conduct critical investment activities directly from their iPhone or Android devices. The app leverages Eze Eclipse’s innovative microservice architecture and enables continuous updates in a highly scalable, reliable, and secure manner.
“We are excited about the rapid adoption of Eze Eclipse over the past few years. Our clients enjoy the benefits of a modern cloud solution backed by an organization with more than 34 years of experience,” said Michael Hutner, SVP, General Manager of SS&C Eze. “We look forward to furthering our innovation under Ennio’s leadership and welcome him to the team.”
Ennio Carboni will lead SS&C Eze’s global product and engineering team of roughly 400, half of whom focus on Eclipse. Carboni joins SS&C Eze from VMWare, where he led SaaS product management for CloudHealth.