DMA Prime has selected TORA’s OEMS and TORA’s outsourced trading service as part of the rapid expansion of their outsourced dealing services in South Africa and the need for a scalable multi-asset global execution technology solution to help meet that growth. A subsidiary of DMA Group, DMA Prime provides execution and prime brokerage services to institutional asset managers in South Africa. Its execution desk is also deploying TORA’s outsourced trading desk to supplement their global market reach with TORA traders working in multiple time zones to execute orders. DMA Prime is excited with South Africa’s growth story as it is the continent’s largest savings market with an estimated ZAR 7.5 trillion AUM in regulated savings and investments.
TORA has recently partnered with Cowen’s Outsourced Trading, who has requested its Order and Execution Management System (OEMS) for Fixed Income across USA, Europe and Asia. TORA has provided its advanced trading functionality, including market data aggregation, customized order intake and execution, order allocation management, and post-trade analytics, which also offers a comparable bond tool, smart order routing, pre-trade risk controls, real-time position management, and P&L tracking in one single interface. TORA’s OEMS offers front-to-back-end trading for hedge funds and asset managers, fully auditable, MIFID II compliant, with in depth order records, price information and best execution reports. TORA’s platform also delivers advanced pre trade and post trade TCA to improve execution quality and ensure best execution.