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Eze Castle Software Completes Integration with ESP's Global DMA and Electronic Algorithm Routing Network -EARN-.


NEW YORK -- Eze Castle Software announced today that they have completed integration of their Traders Console Order Management System with Electronic Specialist's (ESP (1) (Enhanced Service Provider) An organization that adds value to basic telephone service by offering such features as call-forwarding, call-detailing and protocol conversion. ) Global DMA (1) (Digital Media Adapter) See digital media hub.

(2) (Document Management Alliance) A specification that provides a common interface for accessing and searching document databases.
 and Electronic Algorithm Routing Network (EARN(TM)).

"Now buy-side institutions, including hedge funds, state pensions, mutual funds, and investment managers can access any of the electronic execution destinations on ESP's network directly through a single broker connection from the Eze Castle Software Traders Console OMS OMS - Opportunity Management System ," states Scott Kurland, Senior Managing Director of Electronic Specialist. "Furthermore, we believe that the addition of Eze Castle's state-of-the-art OMS to our integrated product suite will enable us to provide buy-side clients with complex clearing, compliance and reporting needs a more complete end-to-end solution for order management, market connectivity, and best execution."

ESP's EARN(TM) Portal and Global DMA Network currently offers clients centralized access to more than 50 exchanges ECNs, algorithmic strategies, and crossing networks, from some of the leading providers on the street, including such strategies as VWAP VWAP

The volume-weighted average price.
, TWAP TWAP Time-weighted average price
TWAP Target-Weapon Association Program
, Volume Participation, Inline Tactics, and Implementation Shortfall.

"We aim to give our clients access to all electronic trading destinations to automate their trade flow," says David Quinlan, president of Eze Castle Software. "Integrating with ESP's algorithms, and further automating the process by using our Quick Send Profiles, allows them to reduce the clicks to execution. Simply put traders click the order then click the button for quick execution."

One of the major benefits that ESP provides is centralized clearing, allocation, settlement and delivery across all market destinations and algorithms, so clients get the added benefit of having their trade executions aggregated along with all other DMA and algorithmic executions, and delivered as a single or allocated block trade.

About Eze Castle Software

Since 1995, Eze Castle Software (ECS See eComStation. ) has provided investment management firms with cutting-edge technology solutions to automate the investment process. With over 230 clients and offices in Boston, New York Boston is a town in Erie County, New York, United States. The population was 7,897 at the 2000 census. The town is named after Boston, Massachusetts.

The Town of Boston is an interior town of the county and one of the county's "Southtowns.
, San Francisco, Stamford, and London, Eze Castle Software is one of the largest order management product firms in the industry. For information about the company please contact Kristine Kennedy by phone at 617-316-1148, by e-mail at kkennedy@ezecastlesoftware.com, or visit our web site at www.ezecastlesoftware.com.

About ESP

Electronic Specialist, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 is a New York-based technology firm and registered broker-dealer and NASD NASD

See: National Association of Securities Dealers


NASD

See National Association of Securities Dealers (NASD).
 member. ESP provides high-speed direct market access execution capabilities in US and global equities, options, and futures to buy and sell-side clients. ESP's client base includes hedge funds, pension plans, investment advisors, boutique broker-dealers and traditional asset managers. There are over 20 trading application providers integrated with ESP's Global DMA network. For more information, please visit www.fastesp.com.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Mar 29, 2005
Words:436
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