Eze Software - Competitors and Alternatives

There are many options when looking for an IBOR, ABOR, OMS or PMS. If you’ve identified Eze Software as one vendor on your shortlist, here are a few more that might be useful to consider.

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Limina IMS

At Limina, we are a team of former investment managers. We have often been through system selections and know how challenging it can be. We hope that this list can be of good help to you.

Limina IMS is an investment management software that is often a solid alternative to Eze. However, as we’re naturally biased when talking about ourselves, we will exclude Limina from the comparison. If you’d like to explore Limina, we’ve created a video about who Limina is a good match for and an article about when Limina is not the best choice.

 

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What Functional Areas Does a System Cover?

Some niche systems specialise in a specific functional area, such as order management or a particular asset class. There are also broader, more generic systems, such as cross-asset front-to-back office platforms. Here are a few examples (dark blue what roles Limina can play):

Buy-side system examples, from best of breed to front to back

Note: When comparing systems, it’s essential to realise that you might not be comparing like-for-like functional coverage.

 

Best Eze Software Alternatives

Below are five competitors to Eze Software, especially the Eze OMS (Eze also offers a portfolio accounting and execution system). They’re listed in alphabetical order.

Note: Vendor information here is based on company websites, industry publications and online review sites such as G2, Gartner, TrustRadius and Capterra. Such pages have been reviewed in January 2024 as a basis for this article.

 

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Bloomberg Asset and Investment Manager (AIM)

Bloomberg is a trusted name in the financial industry, and their Trade Order Management System (OMS) Asset and Investment Manager (“Bloomberg AIM”) covers part of an Investment Management Solution scope. Bloomberg's solution suite also includes portfolio management capabilities through its product Bloomberg PORT. 

Bloomberg AIM comes with extensive market data coverage included through the Bloomberg terminal, which all users must have. 

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Charles River Development (part of State Street)

Charles River Development's Investment Management Solution (IMS) is a robust platform enabling firms to optimise many investment processes. It has a broad functional set, including order and execution management and compliance monitoring.

Charles River services mostly large asset managers but also mid-sized managers. Online reviews mark it down on implementation, while the scalability and flexibility of the solution are vital points.

 

Timeline of Investment Management System launches

 

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Enfusion

Enfusion's front-to-back-office software offers a unified platform primarily for hedge funds. The solution includes accounting, order management, compliance monitoring, and performance tools.

Enfusion aims to simplify complex workflows and enhance operational efficiency for hedge funds. The solution is multi-tenant, and users get weekly system updates.

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S&P Markit Thinkfolio

Thinkfolio by S&P Markit is a software for portfolio management, modelling and order management.

Thinkfolio aims to enhance portfolio visibility and improve decision-making processes. The software started in Fixed Income but now covers multiple asset classes.

Thinkfolio was acquired by Markit in 2014, and then Markit was, in turn, acquired by S&P in 2022.

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SS&C Advent: APX, Moxy, Genesis

Oddly enough, Eze has a competitor owned by the same parent: SS&C. While Advent traditionally has been more robust in the Back Office and Eze in the Front Office, they have overlapping offerings today. The Moxy product by Advent is an Order Management System (competing with Eze OMS), and APX/Geneva are admin/accounting systems (competing with Eze PMA).

Advent’s solutions, just like Eze, integrate to enable end-to-end workflows. 

 

Wrap up

Choosing the right solution is often a trade-off between functionality, usability and cost.

The costs between systems differ more than one might think, especially when indirect costs are accounted for. Learn more in our cost reduction use case. To see Limina’s pricing, visit our page with pricing examples.

To get advice on system selection, check out our articles on the topic. 

How Does Limina Compare to Eze Software?

The eight most common reasons investment managers choose Limina are as follows:

See Limina’s Solution in Action

 

 

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