Securities Finance Technology News | DMA Prime selects TORA for multi-asset OEMs and outsourced trading

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TORA, a San Francisco-based provider of advanced trading technologies, has 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 for institutional asset managers in South Africa.

TORA’s OEM selection comes amid DMA Prime’s rapid expansion of its outsourced trading services in the region and the need for a scalable multi-asset global execution technology solution to meet growth .

Additionally, DMA Prime’s execution desk has selected TORA’s outsourced trading desk to complement its global market reach with TORA traders working in multiple trading areas to execute orders.

TORA’s OEM provides advanced tools for clients trading stocks, futures, options, bonds and currencies in a unified system. The system offers advanced trading features including order execution, order allocation management, automated broker order routing, pre-trade risk controls, real-time position management and P&L monitoring.

DMA Prime can now access the TORA FIX network to connect to global brokerage algorithm offerings, as well as use TORA’s stock pair algos to improve execution quality and utilize the TORA TCA reporting suite.

Chris Jenkins, Managing Director of TORA, said: “We are very pleased to announce that DMA Prime is TORA’s first South African customer, which is an important milestone for us. We are passionate about being able to provide the latest trading technology that gives clients 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 the context of a very competitive landscape, the TORA OEM was the perfect choice for us. We really needed a global execution system that enabled fast one-click transactions and the ability to seamlessly connect to our proprietary wallet technology and existing liquidity providers.

“Additionally, by working with TORA’s outsourced trading team, we can significantly scale our trading operations as our customer base grows. Institutional investors in South Africa demand cutting-edge technology and high service levels, and we are confident that TORA will stay ahead of the curve with extensive in-house development capability and business expertise to complement our in-house teams.

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