In its mid-summer 2024.4 release, Eze EMS – SS&C’s leading global, multi-asset advanced trading engine – expanded its electronic trading capabilities to fixed income. Eze EMS has long been a trusted solution providing centralized access to aggregated liquidity and tools for dynamically managing positions, portfolios, and trading risk across global equities, futures, options, and now, fixed income.
With this first fixed-income release, traders gain access to a universe of 5 million corporate, government, municipal, and securitized bonds, with connectivity to a community of electronic execution platforms. They gain the ability to consume quotes and Axes, receive unsolicited fills, and capture and normalize competing quotes across three liquidity venues.
“The core benefit is the simple yet valuable ability to manage a new asset class from an existing EMS blotter. In particular, for clients using both Eze OMS and Eze EMS, the focus is on convenience and the elimination of what we call ‘pivot pain’ – the need for a multi-asset trader to switch between applications depending on the asset class,” says Adam De Rose, senior director of product management at SS&C Eze.
On the topic of market positioning, he shares, “Our job is not to compete with the existing execution platforms but to rid the market of its complexities and contribute to the advancement of the fixed-income market overall.”
SS&C also announces the appointment of Jeremy Love, a twenty-year buy-side veteran, as director of fixed-income market structure. Jeremy brings extensive experience as both a portfolio manager and trader and will play a pivotal role in helping to develop and grow SS&C’s global fixed-income offering.
Learn more about the electronification of fixed-income trading, what’s now available, and our plan for future releases in Adam De Rose’s latest blog post, A Fixed Income EMS is Not Always a Fixed Income EMS.