TORA OEMS Chosen for Fixed Income by Cowen Outsourced Trading
b'LONDON, May 5, 2021 /PRNewswire-PRWeb/ --TORA, provider of industry leading trading technology, has today announced that Cowen Outsourced Trading has selected TORA\'s Order and Execution Management System (OEMS) for Fixed Income across USA, Europe and Asia.\nCowen selected TORA\'s SaaS OEMS following an intensive side-by-side evaluation of leading trading system providers.
- b'LONDON, May 5, 2021 /PRNewswire-PRWeb/ --TORA, provider of industry leading trading technology, has today announced that Cowen Outsourced Trading has selected TORA\'s Order and Execution Management System (OEMS) for Fixed Income across USA, Europe and Asia.\nCowen selected TORA\'s SaaS OEMS following an intensive side-by-side evaluation of leading trading system providers.
- Cowen\'s Outsourced Trading team works alongside their clients, functioning as either the clients\' trading desk or as an extension of the clients\' trading desk.\nTORA\'s OEMS provides traders at Cowen with access to advanced trading functionality, including market data aggregation, customized order intake and execution, order allocation management, and post-trade analytics.
- Cowen traders are now using the TORA FIX network to connect to multiple bond trading platforms and global brokers to access greater liquidity and improve trade execution quality.\nJoram Siegel, Head of Fixed Income Outsourced Trading at Cowen, stated "TORA\'s SaaS OEMS stood out because of its functionality to go beyond traditional buy-side order management systems.
- We are focused on facilitating electronic trading in fixed income, so I am really pleased Cowen chose our trading platform for their fixed income requirements.