NET2S Financial Solutions, the financial markets subsidiary of European consultancy NET2S, has launched Quod Financial, billed as a "third generation order management system for the sell side".
The vendor says the modular package will enable clients to consolidate disparate systems and business functions, as well as automate the order flow to deal with higher volumes while lowering transaction costs.
The system provides integrated support for cash equity and futures and options asset classes and offers order capture, execution and processing through a centralised order book.
Ali Pichvai of NET2S Financial Solutions says: "Quod Financial paves the way for the sell side community to consolidate and lower transaction costs for the F&O and cash equities asset classes."