TORA, provider of the industry’s most advanced cloud-based order and execution management system (OEMS), has been highlighted as a top performer by The Trade in their annual Execution Management Systems (EMS) survey 2019.
In the survey, more than 20 providers were evaluated based on feedback from the users of the systems. The evaluations were used to compile the eight Provider Profiles covering the major EMS providers based on responses received.
As described in The Trade: “Having spent the better part of the last few years making a series of enhancements to its integrated order and execution management system offering, mostly focused on new requirements concerning MiFID II reporting and bolstering its artificial intelligence capabilities, TORA seems to now be reaping the rewards of that work.”
“TORA produced a strong showing in last year’s survey and buy-side users have bestowed a similar level of scores in this year’s survey. The vendor recorded an average score of 6.12, well above the survey average of 5.78” continued The Trade.
Studies from The Trade’s survey showed that compliance with MiFID II rules was fast becoming a thing of the past, and that users were now more focused on improving the quality of execution, followed by reliability & availability and FIX capabilities.*
TORA’s highest rating for client service, was shortly followed by its strong FIX capabilities, reliability and availability, timeliness of updates for broker changes and algorithms.
Chris Jenkins, Managing Director at TORA stated, “We are very happy to have been recognised by our customers for excellence, and for their positive feedback in this survey by The Trade. There has been a lot of change and consolidation with EMS providers over the last 12 months, so we are delighted to have been profiled in the survey and ultimately recognised for something that TORA values most important – client service, happiness and reliability of our innovative system.”