Russell Investments: FX Network is now accessible to clients via Eze Software Group’s order management system
OREANDA-NEWS. Global asset manager Russell Investments announced today that Russell FX Network (RFX Network) is now accessible to clients via Eze Software Group’s order management system (Eze OMS), expanding RFX Network’s real-time connectivity to the global financial community.
RFX Network is an end-to-end trading solution for complex trade lists, featuring executable streaming prices, competitive forward points, advanced netting, client-to-client matching and allocation of foreign exchange (FX) transactions. Developed in partnership with Integral Development Corp., a leading FX technology company, RFX Network combines these features into an intuitive and easy-to-use workflow for the buy-side community, including pension funds and asset managers.
“Connecting via Eze Software, a premier provider of global investment technology, extends Russell Investments’ communication capabilities for FX trading,” said Joseph Hoffman, director, global head of currency for the investment services group at Russell Investments. “We’re very pleased to have taken this latest step to make the revolutionary capability of RFX Network even more accessible for the global investment community.”
Hoffman added that electronic communication and trading are increasingly important in currency transactions, and this newly accessible electronic capability makes it easier for Eze Software users to communicate with Russell Investments.
RFX Network allows buy-side firms to automate execution of complex trade lists with an advanced solution that aims to reduce transaction costs while maximizing operational efficiency. It achieves this by combining powerful internal netting capabilities, an FX facility that matches customer interests at the midrate, and advanced trading algorithms into a comprehensive FX execution service.
“Participants can benefit from advanced netting, process automation and best execution while minimizing market impact of their orders,” Hoffman said.
Investors can place orders electronically into RFX Network or have Russell Investments process them on their behalf. From RFX Network, traders can choose from multiple netting plans to net internally within their trading portfolio, and even match externally amongst the larger buy-side community, before executing competitively against multiple bank providers. Further, RFX also handles Fixing trade lists, allowing users to match externally with other investors and execute any unmatched residual by a trading algorithm that mimics the Fixing process.
About Russell Investments
Russell Investments, a global asset manager, is one of only a few firms that offers actively managed multi-asset portfolios and services which include advice, investments and implementation. Russell Investments stands with institutional investors, financial advisors and individuals working with their advisors—using the firm’s core capabilities that extend across capital market insights, manager research, asset allocation, portfolio implementation and factor exposures to help each achieve their desired investment outcomes.
Russell Investments has more than $244 billion in assets under management (as of 6/30/2016) and works with more than 2,500 institutional clients, independent distribution partners and individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell Investments has $2.2 trillion in assets under advisement (as of 12/31/2015). The firm has four decades of experience researching and selecting investment managers and meets annually with more than 2,200 managers around the world. Russell Investments also traded more than $2 trillion in 2015 through its implementation services business.
About Eze Software Group
Eze Software Group is a premier provider of global investment technology to support the front, middle and back office. Eze Software Investment Suite addresses the core business needs of the asset management community, including Order Management, Trade Execution & Analytics, Portfolio Analytics & Modeling, Compliance & Regulatory Reporting, Commission Management, Data Management and Portfolio Accounting. Eze Software partners with more than 2,000 buy- and sell-side institutions in 30 countries across North and South America, EMEA, and Asia Pacific.