TORA, a San Francisco-based provider of advanced trading technology, announced that DMA Prime has selected its Order Execution Management System (OEMS) and outsourced trading service.
DMA Prime is a provider of execution and prime brokerage services to institutional asset managers in South Africa.
TORA’s OEMS are selected as part of the rapid expansion of DMA Prime’s outsourced trading services in the region and the need for a scalable global, multi-asset execution technology solution to support growth.
Additionally, the Execution Desk at DMA Prime has selected TORA’s outsourced trading desk to complement its global market reach with TORA traders working in multiple trading zones to execute orders.
TORA’s OEMS offer advanced tools for trading stocks, futures, options, bonds and currencies in one unified system. The system offers advanced trading functions including order execution, order assignment management, automated broker order routing, pre-trade risk controls, real-time position management and P&L tracking.
DMA Prime can now access the TORA FIX network to connect to global broker algo offerings, as well as use TORA’s equity pair algos to improve execution quality and use the TORA TCA reporting suite.
Chris Jenkins, Managing Director at TORA, says: “We are very pleased to announce DMA Prime as TORA’s first South African customer, which is a milestone for us. We are passionate about delivering the latest trading technology that gives our customers that extra edge. We look forward to a long-term partnership with the DMA Prime team. “
Justin Sage, Head of Institutional Trading at DMA Prime, comments: “In a very competitive environment, TORA’s OEMS were the perfect choice for us. We really needed a global execution system that would enable fast, single-click trading and the ability to connect seamlessly with our existing in-house proprietary portfolio technology and liquidity providers.
“In addition, by working with the outsourced TORA trading team, we can scale our trading activities significantly as our customer base grows. Institutional investors in South Africa are demanding market-leading technology and high levels of service, and we are confident that TORA will be one step ahead with extensive in-house development capabilities and trading expertise to complement our in-house teams. ”
