Zennor AM deploys TORA’s all-in-one multi asset system
“The selection process was very thorough. We expect our fund to grow rapidly and we needed a solution that works for a newer fund but also has the capacity to scale significantly over time.”
Zennor Asset Management has deployed TORA’s all-in-one multi asset system that includes an EMA, OMS, and PMS, and is especially designed for hedge funds and asset managers.
Zennor AM was in need of a system that supports trade execution, position keeping, P&L monitoring, commission management, share class accounting, and advanced tools for daily tasks. TORA won the asset manager’s confidence.
Zennor at the early stages of their expansion
The multi asset system is a single sign-on execution, order and portfolio management platform with a unified interface, unified nomenclature, and standardized data that delivers superior workflow efficiency and transparency.
The functionality is fully auditable, MIFID II compliant, and automatically details in-depth order records, price information, analytics and creates best execution reports.
Sachin Patel, Chief Operations Officer at Zennor AM, commented: “The selection process was very thorough. We expect our fund to grow rapidly and we needed a solution that works for a newer fund but also has the capacity to scale significantly over time. We selected TORA because their all-in-one solution met both of these criteria and was ready to go with no new development required. It was important for us to work with a technology partner that could handle potential future fund complexities and growth whilst delivering state of the art technology that easily integrates with our existing fund administrators and custodians.”
Chris Jenkins, Managing Director at TORA, said: “Integrating separate systems can be complex. The more components there are, the harder it is to maintain the underlying infrastructure. Our all-in-one solution takes away all that stress and delivers a best in breed EMS, OMS and PMS in one unified platform. We were very excited to partner with Zennor at the early stages of their expansion and we look forward to our cloud-solution continuing to support them in the future.”
TORA is a single system covering global markets across equities, fixed income, futures, options and FX. Its products are utilized by hundreds of the industry’s leading hedge funds, asset managers, proprietary trading firms and sell-side trading desks globally.
Interview with TORA’s Chris Jenkins about crypto solution, Caspian
In February, LSEG agreed to acquire the firm for $325 million, looking to expand its digital asset capabilities and strengthen its multi asset solution.
We spoke with Chris Jenkins, Managing Director at TORA, to learn more about the firm’s new role at LSEG and the digital asset solution, Caspian, as the addition of digital assets to LSEG’s trading capabilities strengthens its presence in this rapidly expanding asset class, at a time when institutional market participants are increasing exposure to crypto and other digital assets. Read the full interview here.