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OMEX to facilitate Algo-Friendly DMA for Brokerages
By Sean Creamer, Wall Street LetterAugust 8, 2014

OMEX to facilitate Algo-Friendly DMA for Brokerages

Re-published courtesy of Wall Street
Letter By Sean Creamer, Wall Street Letter

August 7, 2014 --OMEX Systems, a provider of web-based, broker-neutral and FIX-compliant front, middle, and back office platforms for broker-dealers and buyside firms will craft a direct market access offering to aid broker-dealers in choosing algo providers, according to John Houlahan, chief operations officer.

New York City-based OMEX is creating functions for traders interested in setting up direct market access to allow brokerages to place and modify orders on a faster basis, noted Houlahan.

“We are also building out functionality to facilitate direct market access clients via internal algorithmic parameter metrics,” said Houlahan. “We are building a DMA tool to allow broker- dealers to pick and choose various algo providers to place, modify, and monitor trades for intraday modification for cash desk, options, fixed income and futures.”

OMEX is also preparing to make its trading and execution functions available across the pond, so that global broker-dealers can have access to the offering, Houlahan said. The expansion comes on the heels of the firm being certified for use in the Mexican exchange network, he added.

“We are working with firms that want to offer our product to clients globally,” said Houlahan. “This type of global reach would not be aimed at retail, but more at the investment advisor and broker-dealer level.”

OMEX has also planned upgrades that will allow broker-dealers to process multiple basket orders at a single time when trading in the ETF space before the year’s end, Houlahan noted.

“We are also further refining our program trading desk module to better enable those broker- dealers who are seeing an influx of basket trading on the level of Russell Indexes baskets,” said Houlahan. “In an upcoming release, we’ll process multiple baskets with multi-routing capabilities for those orders.”

About OMEX Systems, LLC

Established in 2008 and based in the heart of Wall Street, OMEX Systems LLC provides broker-neutral and fault-tolerant OEMS and DMA smart order routing and management, back-office administration, portfolio analytics and execution analysis for stocks, options and futures. OMEX supports a full menu of algorithms and connects to global electronic marketplaces, major custodians and leading trade clearing firms. OMEX delivers cost-effective, all-in-one solutions that mitigate the need to maintain and administer an assortment of 3rd party technology applications for those operating securities trading-related enterprises. More about OMEX Systems is at http://www.omexsystems.com

For additional information:

John Houlahan
Chief Operating Officer,
OMEX Systems LLC
Tel: 646.412.6000
OMEX Systems media contact:
The JLC Group, 203.255.0034
web: www.thejlcgroup.com

Top Prop Trading Firm Migrates to OMEX All-In-One Platform;
Quant-Centric HAP Capital Streamlines Firm’s Approach to Trading Systems TechnologySeptember 19, 2013

New York, NY, September 19-- OMEX Systems LLC (“OMEX”), the provider of broker-neutral DMA, OEMS and back-office technology for sell-side and buy-side trading enterprises active in exchange traded equities, options and futures, announced today that HAP Capital LLC, the New York-based trading firm known for its quantitative strategies, has replaced several existing EMS/DMA systems in favor of a single, all-purpose solution provided by OMEX Systems.

According to Michael Joseph, HAP Capital’s Chief Operating and Compliance Officer, “Prior to OMEX, our firm’s trading systems overhead and internal operations staff were dependent on several EMS and DMA systems used by our trading desk team. Once introduced to OMEX, and after analyzing the efficiencies and cost savings that could be achieved by embracing a single, fully-comprehensive platform, the decision to migrate to OMEX was unanimous.

About HAP Capital LLC

Established in 2009, HAP Capital’s value proposition is derived from its quantitative approach to providing deep liquidity to trading market participants and managing risk across multiple product areas and asset classes. The firm’s website is located at http://www.hap-capital.com

About OMEX Systems, LLC

Established in 2008 and based in the heart of Wall Street, OMEX Systems LLC provides broker-neutral and fault-tolerant OEMS and DMA smart order routing and management, back-office administration, portfolio analytics and execution analysis for stocks, options and futures. OMEX supports a full menu of algorithms and connects to global electronic marketplaces, major custodians and leading trade clearing firms. OMEX delivers cost-effective, all-in-one solutions that mitigate the need to maintain and administer an assortment of 3rd party technology applications for those operating securities trading-related enterprises. More about OMEX Systems is at http://www.omexsystems.com

For additional information:

John Houlahan
Chief Operating Officer,
OMEX Systems LLC
Tel: 646.412.6000
OMEX Systems media contact:
The JLC Group, 203.255.0034
web: www.thejlcgroup.com

Buyside Manager Adopts OMEX Systems’ Execution Platform
$850mil AUM Portfolio Strategy Firm Opts For Hands-Free, Multi-Custodian Order RoutingAugust 7, 2013

New York, NY, Aug 7-- OMEX Systems LLC, the provider of broker-neutral DMA and OEMS technology for firms active in the equities, options and futures markets, announced that a customized version of the vendor’s OEMS platform has been implemented by Durango, CO-based Swan Wealth Advisors, the $850mil AUM risk management firm specializing in proprietary, market neutral hedging and income strategies for use by the professional investment advisor community. The OMEX trade execution platform will serve as Swan’s primary hub for implementing and administering the firm’s options-centric strategies across multiple custodians and thousands of sub accounts.

In framing the solution that OMEX provided to its most recent buy-side onboard, Robert Swan, Director of Trading and Technology for 16-year old Swan Wealth Advisors stated, “Like other managers with similar profiles, we’ve had to bear a myriad of logistical burdens when implementing strategies in tandem across a universe of accounts domiciled at multiple custodians, with each custodian imposing different order delivery instructions for its captive clients. OMEX proved uniquely intuitive in understanding our business and delivered a solution that has streamlined our workflow in a manner that had yet been available at any price from any other vendor in the industry.

Noted OMEX Systems’ Chief Operating Officer John Houlahan, “The steps required for electronic messaging pro-rata orders across various captive-custodians on behalf of respective RIA clients’ sub-accounts has always proved cumbersome, particularly in the options arena. The folks at Swan inspired us to innovate with an approach that solves a critical business need, and one that should prove intriguing to those seeking the latest advancements in trading system technologies.”

OMEX Trading Systems Adds To Ensemble Cast of Wall Street Tech Veterans; Broker-Neutral Vendor Responds to Surge in Demand for All-In-One Solutions July 9, 2013

New York, NY, July 9--OMEX Systems, LLC (“OMEX”), the provider of broker-neutral DMA and OEMS trading systems for broker-dealers and buy-side investment firms active in stocks, options and futures announced the addition of 2 more trading technology veterans to the firm’s New York office, bringing the 5-year old company’s total staff of sales, client support and software programming to 22 professionals.

Joining the firm as Head of Sales is Antonio Panos, the former co-founder and sales director for Mixit Systems, Inc., the sell-side equities trading system vendor which first came to market in 2002 and was acquired in 2011 for $20 million by UK-based futures market vendor Patsystems Plc. In addition to Mr. Panos, Matthew Weiss, a 15-year trading technology veteran, has been appointed Head of Client Support for OMEX. Mr. Weiss was most recently VP of Buyside Sales for Blockcross ATS; he previously held senior sales management roles for industry icons Lava Trading (a Citigroup subsidiary), NYSE Group’s Archipelago Holdings and MB Trading.

Given the scarcity of truly comprehensive and cost-efficient broker-neutral DMA/OEMS platforms, during the past 4 years New York-based OMEX has morphed from an “underthe- radar technology boutique” to a sought-after solutions provider for both sell-side and buyside firms. The multi-asset OMEX platform is designed for firms that require a full suite of order execution management, risk controls, commission management features, multi-custodian trade allocation and straight-thru processing in one, easily-customized platform; features that are typically only attainable by mashing up disparate software products from multiple, premium-priced vendors.

According to OMEX spokesman and Chief Operating Officer John Houlahan, a 23-year industry veteran who previously led technology initiatives for HSBC, Capgemini, the global IT consultant, and SIAC, “When considering the ultimate value-add of any aspiring technology firm is it’s human talent, the addition of industry high-profilers Tony Panos and Matt Weiss further enhances our platform’s credibility with those who would ordinarily defer to the most recognized brands in the space.” Added Houlahan, “More important, their joining us further ensures that every interaction we have is conducted with the highest degree of knowledge, skill and professionalism.”

OMEX Trading Systems Issues “Annual Milestone 360 Report”; Robust Growth for Boutique Trading Technologies Firm, Despite Competitive Landscape March 28, 2013

New York, March 28, 2013 -- Omex Systems, LLC (“OMEX”), the provider of brokerneutral DMA trade execution technologies, real-time order management and comprehensive back-office solutions for broker-dealers and buy side investment firms is pleased to report the following milestones accomplished during the 2012 fiscal year thru Q1 2013.

Client Connectivity (New Adds): SpeedRoute, NYFIX, Bloomberg LP (X-Connect), Citibank, UBS, BNY Pershing; bringing a total of 17 direct connections.

Clearing Relationships (New adds): Wedbush, ICBC, BAML/Broadcort, ABN Amro, UBS, BNY Pershing, Interactive Brokers* (*Q2 2013)

Algo Suite Adds: GETCO, CSFB, MISMI, UBS, Vandham GLP (Global Liquidity Partners)

New Strategic Relationship: ICBC, OMGEO/OASYS

New Software Releases: 2 Dozen+ major new releases including:

• enhanced front-end feature/functionality (“HF” module; futures contract trading; international equities, unlimited option-leg spread orders; pairs orders; upgrades to charting and Level II modules)

• back-office accounting (upgrades to accts receivable/payable and aged reporting modules)

• compliance and risk management (multiple enhancements) Custom Implementation Case Study: On behalf of RIA offering option overlay strategies, OMEX introduced multi-asset allocation, multi-asset basket trading (stocks+option), multi-asset allocation, multiple custodian reporting, multi-clearing trade report aggregation.

New Client On-Boarding Case Study: On behalf of 25+ employee agency-only institutional broker, OMEX successively replaced (4) existing 3rd party software providers with OMEX, all-in-one platform. The implementation has since delivered a 20% cost savings with respect to client’s trading system and back-office technology overhead, along with introducing projected 250 man-hours saved (annual) i.e. back office administration.

OMEX Trading System Execution Systems Tackle Risk January 12, 2012

Middle- and back-office functions as important as trading speed.

Creating a single platform that can meet all of a broker-dealer’s business process needs, from order routing and execution to the labor intensive, back-office tasks, is a key objective for trading technology providers.

The problem is that few industry vendors have kept pace with the ever-changing definition of straight-through-processing, and few offer a truly cost-efficient, turn-key enterprise solution.

OMEX Systems, which designs and develops multi-asset trading systems for equities, options and futures trading. purports to have the solution.

OMEX is a neutral, real-time platform that provides direct access to major global exchanges, dark pools, crossing networks, algo providers and leading market makers through a single trading interface. OMEX can be white labeled and branded to your firm’s own trademark and look-and-feel.

“It’s a nimble, yet aggressive enterprise with a platform that actually meets the needs of virtually every business process one can find within a broker-dealer or buy-side firm, from order routing and execution to back-office accounting to regulatory reporting, all in one single platform,” John Houlahan, chief operating officer at OMEX, told Markets Media.

OMEX counts among its customers WallachBeth Capital, an inter-market broker that provides order execution services for ETFs, exchange-traded options, listed and OTC equities, and event-driven arbitrage strategies. Clients of the firm include institutional portfolio managers, Tier 1 sell-side principal trading desks, premiere hedge funds and leading registered investment advisors.

Most EMS/OMS providers provide some back-office functionality, but not all. “We are providing a single platform that can replace a multitude of front-to-back office systems,” said Houlahan.

OMEX conform to SEC Rule 15c3-5, a new regulatory edict that requires brokers who provide sponsored access to exchanges to first establish credit thresholds before permitting customer orders to be routed for execution.

The credit-check component is one that OMEX has had in production for some time. “Our broker-neutral system has seamlessly processed the credit-checking, routing, execution and post-trade administration of more than 500,000 option contracts daily, which is equivalent to 15% of the daily CBOE volume, and we’re doing this in markets that are moving 500 Dow points intraday on a multi-day basis,” Houlahan said.

“However much the high-frequency trading crowd is focused on ‘next-to pico-second speed’ with respect to order message delivery and turnaround times, our customer base, which includes leading institutional brokers, is necessarily focused on low latency, but within the context of responsible risk management,” he said.


For Source:
www.marketsmediaonline.com/execution-systems-tackle-risk/

OMEX Trading System Meets 15c3-5 Challenges While Weathering Spikes in Volume & Volatility;
STP Platform Processing 500,000 Option Contracts Daily; Equivalent to 15% of Major Exchange Volume August 09, 2011

Former SIAC IT Exec to Play Integral Role for Broker-Neutral OEMS Vendor

For Immediate Release.

August 9, New York, NY--In the midst of the most volatile equity and options trading activity since mid-2008, the tumultuous record-breaking volumes during this first half of August 2011 has not only tested the wits of traders and managers on both sides of The Street, but has also proven to be a “live fire” moment for OMEX Systems and the select universe of other “straight-through-processing” trading system vendors whose clients must now conform to SEC Rule 15c3-5, a new regulatory edict that requires brokers who provide sponsored access to exchanges to first establish credit thresholds before permitting customer orders to be routed for execution.

According to John Houlahan, Chief Operating Officer of New York-based OMEX, “The credit-check component is one that we’ve had in production for some time. Our broker-neutral system has seamlessly processed the credit-checking, routing, execution and post-trade administration of more than 500,000 option contracts daily, which is equivalent to 15% of the daily CBOE volume, and we’re doing this in markets that are moving 500 Dow points intraday on a multi-day basis. Despite the recent volume spikes, this is merely a fraction of the volume that we can manage without having to adjust throttle settings.”

Added Houlahan, “However much the high-frequency trading crowd is focused on “next-to pico-second speed” with respect to order message delivery and turnaround times, our customer base, which includes leading institutional brokers, is necessarily focused on low latency, but within the context of responsible risk management.”

OMEX SYSTEMS Hires Trading Systems Veteran John Houlahan for COO RoleJanuary 14, 2011

Former SIAC IT Exec to Play Integral Role for Broker-Neutral OEMS Vendor

For Immediate Release.

New York, NY, January 14, 2011-- Omex Systems, LLC (“OMEX”), the provider of broker-neutral trade execution, real-time order management and comprehensive back-office solutions for broker-dealers and buy side investment firms, announced today that technology industry veteran John Houlahan has been appointed Chief Operating Officer. Houlahan will oversee the company’s product development, sales/marketing initiatives, and strategic partnerships.

Houlahan joins OMEX after spending the past seven years serving as Managing Partner of QEL Systems Services, a technology vendor focused on middle-office execution cost analysis. Throughout a 20-year career, Houlahan has played integral senior project management roles for HSBC, Cap Gemini America, Securities Industry Automation Corp. (SIAC), and Fidessa group plc, the UK-based provider of high-performance trading, market data and global connectivity solutions for financial service enterprises.

According to Houlahan, “Having worked for world-class trading system vendors over the past two decades, my role at OMEX provides the most exciting opportunity, simply because it’s a nimble, yet aggressive enterprise with a platform that actually meets the needs of virtually every business process one can find within a broker-dealer or buy-side firm; from order routing and execution to back-office accounting to regulatory reporting, all in one single platform.”


Contact and Information

For further information, please visit our website www.omexsystems.com or contact @ 646-412-6000.


About OMEX Systems, LLC

OMEX Systems LLC is a broker-neutral order routing/execution, risk management, back-office technology, and execution analysis platform that supports multiple exchange-traded products and connectivity to global electronic exchanges and ECN’s, major custodians and leading trade clearing and processing firms. The FIX-compliant OMEX platform is designed to deliver a cost-effective, all-in-one solution that mitigates the need for broker-dealers and buy-side firms to manage and maintain an assortment of independent technology applications that are integral to those operating securities trading-related enterprises. Additional information about OMEX Systems is available at http://www.omexsystems.com.

OMEX SYSTEMS More Broker-Dealers Migrating to OMEX SystemsDecember 18, 2010

Broker-Neutral OEMS Vendor’s All-In-One Solution is Key Attraction

For Immediate Release.

Boston, MA, December 18, 2010 -- Omex Systems, LLC (“OMEX”), the provider of broker-neutral trade execution, real-time order management and comprehensive back-office solutions for broker-dealers and buy side investment firms, today announced the addition of WallachBeth Capital LLC and KCCI, Ltd. to the technology vendor’s client base. Both firms are agency-only execution specialists serving institutional portfolio managers.

According to David Beth, President and Chief Operating Officer of WallachBeth Capital, “From an operational stand-point, our vision has always been focused on having one single platform that can meet all of our business process needs, from order routing and execution to the full range of labor intensive, back-office tasks. Our challenge to date, and one that’s likely shared by the broker-dealer community at large, is that that few industry vendors have kept pace with the ever-changing definition of straight-through-processing; few offer a truly cost-efficient, turn-key enterprise solution.” Beth added, “After our various trading desks, back-office staff and compliance team carefully interrogated all of the various OMEX features and functionality, the decision to implement OMEX’s open-architecture platform was relatively easy. The implementation has been relatively painless, and from a cost/benefit standpoint, we’re optimistic that OMEX will more than exceed our expectations.”


About WallachBeth Capital LLC

HWallachBeth Capital LLC is an inter-market broker that operates on a fully-disclosed basis and provides order execution services for ETFs, exchange-traded options, listed and OTC equities, and event-driven arbitrage strategies. Clients of the firm include institutional portfolio managers, Tier 1 sell-side principal trading desks, premiere hedge funds and leading registered investment advisors. Additional information about the firm can be found at http://www.WallachBeth.com.


Contact and Information

For further information, please visit our website www.omexsystems.com or contact @ 646-412-6000.


About OMEX Systems, LLC

OMEX Systems LLC is a broker-neutral order routing/execution, risk management, back-office technology, and execution analysis platform that supports multiple exchange-traded products and connectivity to global electronic exchanges and ECN’s, major custodians and leading trade clearing and processing firms. The FIX-compliant OMEX platform is designed to deliver a cost-effective, all-in-one solution that mitigates the need for broker-dealers and buy-side firms to manage and maintain an assortment of independent technology applications that are integral to those operating securities trading-related enterprises. Additional information about OMEX Systems is available at http://www.omexsystems.com.

OMEX SYSTEMS Partners with Wall Street Horizon.September 18, 2010

Broker-Neutral OEMS Vendor Adds Earnings and Corporate Events Calendar to Suite of Applications

For Immediate Release.

Boston, MA September 18, 2010 -- Omex Systems, LLC (“OMEX”), the provider of broker-neutral trade execution, real-time order management and comprehensive back-office solutions for broker-dealers and buy side investment firms, today announced a strategic alliance with Wall Street Horizon, The Earnings Calendar Company ™. The alliance includes OMEX serving as a re-distributor of Wall Street Horizon’s earnings calendar and dividend monitor application within the suite of market data elements already incorporated to the OMEX system.

"We are committed to offering institutional clients the most accurate data for trading in the market." said Barry L. Star, Managing Director, of Wall Street Horizon, "We appreciate OMEX’s confidence in re-purposing our data for their system, and look forward to the relationship.”


About Wall Street Horizon

Headquartered in Boston, Wall Street Horizon, Inc., "The Earnings Calendar Company™", offers a comprehensive, highly accurate database of detailed U.S. and global corporate calendar dates and other critical information that have direct impact on stock prices. The Company has created proprietary business processes for collecting, storing, analyzing, and verifying such corporate information. The Company's clients include some of the largest firms on Wall Street.


Contact and Information

For further information, please visit our website www.omexsystems.com or contact @ 646-412-6000.


About OMEX Systems, LLC

OMEX Systems LLC is a broker-neutral order routing/execution, risk management, back-office technology, and execution analysis platform that supports multiple exchange-traded products and connectivity to global electronic exchanges and ECN’s, major custodians and leading trade clearing and processing firms. The FIX-compliant OMEX platform is designed to deliver a cost-effective, all-in-one solution that mitigates the need for broker-dealers and buy-side firms to manage and maintain an assortment of independent technology applications that are integral to those operating securities trading-related enterprises. Additional information about OMEX Systems is available at http://www.omexsystems.com.

OMEX SYSTEMS released Commission management portal.August 15, 2010

Boston, MA, August 15, 2010 – OMEX Systems, provider of high-performance trading, Commission management and multi clearing systems released commission management portal or CMP to support a growing demand for a better management of soft dollar and CSA. Through CMP, firms can offer soft dollar and CSA programs to their clients. The CSA can help research and other service payments provided by other brokers.

Benefits of Commission Management Portal
  Online statements and invoice approval system allows review and approval of invoices
  Improve transparency and customer satisfaction
  Automate and expedite full-cycle billing activities
  Calculate and generate bills
  Organizes and simplifies CSA tracking and commission. No more spreadsheets.
  Assists with compliance, client trade and balance management, CSA payments, trade adjustments and reconciliation, routing and
  approval workflow.
  Track payments to research brokers based on client approval of invoices and available credits
  Can be white labeled and customized with the corporate theme


Contact and Information

For further information, please visit our website www.omexsystems.com or contact @ 646-412-6000.


About OMEX SYSTEMS

OMEX provides order management and execution technology, commission management and multi clearing solutions to emerging and mid-tier firms. It delivers a high level of functionality and power to trading desks. Through the OMEX trading solutions, we provide tools and services for trading firms to handle increasingly complex trade execution and back office challenges so firms can take advantage of the new business opportunities presented in fast moving global markets.

OMEX SYSTEMS released omex chart for active traders.July 12, 2010

Boston, MA, July 12, 2010 – OMEX Systems, provider of high-performance trading, Commission management and multi clearing systems released OMEX CHART, a dynamic charting with over 50 studies and analysis to support active traders. OMEX CHART is part of standard offering and is available through the order management system.

Why OMEX CHART:
  Offers simple to advanced technical studies and indicators.
  Create your own custom studies, indicators and systems.
  View any symbol in any timeframe with any study.


Contact and Information

For further information, please visit our website www.omexsystems.com or contact @ 646-412-6000.


About OMEX SYSTEMS

OMEX provides order management and execution technology, commission management and multi clearing solutions to emerging and mid-tier firms. It delivers a high level of functionality and power to trading desks. Through the OMEX trading solutions, we provide tools and services for trading firms to handle increasingly complex trade execution and back office challenges so firms can take advantage of the new business opportunities presented in fast moving global markets.

OMEX SYSTEMS teamed up with activ financial to offer low latency data.June 10, 2010

Boston, MA, June 10, 2010 – OMEX Systems, provider of high-performance trading, Commission management and multi clearing systems teamed up with ACTIV FINANCIAL to offer low latency, best in class data services to its clients.

ACTIV’s data centers in Chicago and New York provides the low-latency, high-capacity network infrastructure necessary to facilitate the delivery of large volumes of market data to customers around the world.

ACTIV is one of the only vendors to offer best-in-class ultra low-latency and hosted/co-located delivery architectures on top of traditional market data services. The ACTIV platform includes underlying message oriented middleware for enterprise data aggregation and distribution, hardware acceleration components, and a robust set of value add applications such as news and tick historical database servers. ACTIV serves over 350 customers worldwide and manages more than 130 feed handlers and nearly 20 data centers spread across five continents.

About ACTIV Financial ACTIV Financial Systems, Inc. is a leading provider of market data content and technologies to market makers, hedge funds, brokers and trading systems. The company provides managed low-latency and high-volume market data services to more than 350 customers worldwide. As vendor of record, ACTIV also delivers consolidated, hosted and on-site ticker plant services for exchanges around the globe. ACTIV is privately owned with offices in Chicago, New York, Tokyo, Singapore and London. To learn more about ACTIV, visit: www.activfinancial.com.


Contact and Information

For further information, please visit our website www.omexsystems.com or contact @ 646-412-6000.


About OMEX SYSTEMS

OMEX provides order management and execution technology, commission management and multi clearing solutions to emerging and mid-tier firms. It delivers a high level of functionality and power to trading desks. Through the OMEX trading solutions, we provide tools and services for trading firms to handle increasingly complex trade execution and back office challenges so firms can take advantage of the new business opportunities presented in fast moving global markets.





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