Ohio-based EBS Asset Management has gone live on Indata's trade order management system Precision Trading.
Indata says Precision Trading provides comprehensive order generation and allocation, portfolio modelling, pre-trade compliance and electronic trading via the FIX protocol. The product replaces Advent's Moxy platform, which had been installed at EBS five years ago.
EBS says it selected the Indata system to provide STP capabilities based on a common Microsoft SQL server database platform.
Bernard Holtgreive, principal and portfolio manager, EBS, adds: "Indata provides open and unrestricted access to a central, relational database which was important to drive our other internal applications and processes."