Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that its multi-asset Order Management System (OMS) has been selected by several customers who were currently using Sell-Side Execution and Order Management Solutions (SSEOMS) from Bloomberg L.P.
In recent years Itiviti has successfully migrated a number of Bloomberg SSEOMS clients to its sell-side trading platform, which includes the OMS for low-touch, high-touch and middle office workflows. On the back of Bloomberg’s announced termination of support for SSEOMS, more firms have selected Itiviti as a natural upgrade path.
To expedite onboarding and ensure consistent, high-quality service delivery, Itiviti has added key staff, including former Bloomberg employees.
“Itiviti has reassuring news to Bloomberg SSEOMS clients, namely that our best-in-class OMS offers more than a replacement for their present setup. They also get a clear upgrade path from a forward-looking supplier providing OMS for low-touch, high-touch and middle office workflows in the sell-side industry,” said Rob Mackay, CEO, Itiviti. “Together with the significant additions we are making to the product and support teams, our OMS platform offers firms a powerful yet cost-effective solution, backed by a partner who is committed to investing in their business-critical tools.”
Itiviti’s sell-side trading solution platform provides access to cross-asset orders from a global network of clients, a feature-rich OMS, and advanced tools for fast and reliable execution and middle office workflows. It is highly customizable for accommodating customer-specific messaging, order flows and user preferences.
Itiviti’s OMS is easily integrated with third party systems and existing trading infrastructure. It is used by more than 10,000 sales-traders worldwide to quickly onboard clients, manage orders in real-time through a shared order book, route execution to any venue, customize commission schemes and automate post-trade tasks to secure bookings and regulatory compliance. Itiviti’s solution also leverages industry partnerships for adding functionality, e.g. with LiquidMetrix for post-trade analytics and market surveillance.