Zennor AM deploys TORA’s all-in-one multi asset system

Rick Steves

“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. 

Read this next

Institutional FX

BNY Mellon to leverage Baton System’s CCP network on its ECPO service

“The union of Baton’s extensive CCP connectivity with the ground-breaking functionality of BNY Mellon’s ECPO service forms a powerful offering to cleared derivatives market participants.”

Institutional FX

NYSE and Tel Aviv Stock Exchange to promote dual listings

“This major step is intended to foster collaborations between the two exchanges and to encourage the dual listing of Israeli companies in their home market and on the NYSE.”

Technology

TT’s KRM22 selected as risk technology partner of Chicago-based RCM

“Broad product coverage and effective risk analytics performance are essential to proper implementation of risk management and risk analysis.”

Industry News

DXtrade FX/ CFD Platform Integrated with Your Bourse for Turnkey Liquidity

DXtrade brokers received access to 30+ major banks and Tier 2 liquidity providers with Your Bourse.

Executive Moves

Wave hires Harumi Urata-Thompson as CFO of SEC-regulated crypto investment company

“With extensive experience leading teams across both the traditional finance and digital asset sectors, Harumi is well-equipped to provide our team with the immediate strategic insights needed to optimize our financial operations. She is a fantastic addition to our team as we continue to strengthen our position as one of the leading digital asset managers and to deliver sophisticated financial services to our clients.”

Retail FX

TRADE.com enters United States as brokerage obtains license from FINRA

“We intend to be fully operational as a brokerage house in the U.S. by the end of H1 2023 and look forward to forging long term relationships with new business partners and clients.”

Technology

Pico launches Corvil Cloud Analytics as trading industry moves into cloud

“Since Corvil Cloud Analytics is software only, this accelerates our deployments and also provides an expedited avenue for proof-of-concept use cases. It’s now easier than ever for clients to access the platform so they can see firsthand what makes Corvil an industry leader in data analytics.”

Executive Moves

Finalto recruits Antony Parsons as head of liquidity

Finalto, the financial trading division of Gopher Investments, is making a broader push into the liquidity provision space, culminating in a new appointment focused on expanding the business into new markets.

Digital Assets

Huobi introduces Tether’s stablecoins pegged to euro, gold

Huobi, the world’s sixth-largest crypto exchange by trading volume, is set to introduce for its clients two stablecoins representing ownership of physical gold and Euro-pegged tokens.

<