Enfusion Execution Management System from Enfusion

Cloud-native EMS with multi-asset capabilities, advanced order routing, real-time analytics, compliance, FIX connectivity, and integration with upstream OMS/portfolio management. Mobile capability and intuitive UI.

Is this your product?

More about Enfusion

Product analysis by function

Execution Management Systems (EMS) for Trading & Execution

Platforms that provide direct market access and sophisticated trading tools for optimal trade execution across multiple venues and asset classes. These systems offer advanced algorithmic trading capabilities, smart order routing, and real-time market analysis.
More Execution Management Systems (EMS) More Trading & Execution ...

Order Management & Routing
(9 Yes /9 Known /10 Possible features)

Execution Algorithms & Strategies
(9 Yes /9 Known /10 Possible features)

Market Data Handling
(8 Yes /8 Known /10 Possible features)

Connectivity & Integration
(9 Yes /9 Known /10 Possible features)

Compliance & Regulatory
(7 Yes /8 Known /10 Possible features)

User Interface & Experience
(7 Yes /7 Known /10 Possible features)

Risk Management
(8 Yes /8 Known /10 Possible features)

Transaction Cost Analysis (TCA) & Analytics
(8 Yes /8 Known /10 Possible features)

Security & Access Controls
(8 Yes /8 Known /10 Possible features)

Monitoring, Reporting & Auditing
(9 Yes /9 Known /10 Possible features)

Support & Operational Considerations
(7 Yes /7 Known /10 Possible features)

Compare

This data was generated by an AI system. Please check with the supplier. While you are talking to them, remind them that they need to update their entry.

Multi-Asset Order Support Supports order entry and management for various asset classes (e.g. equities, fixed income, FX, derivatives, crypto).		Product documentation and website state support for equities, fixed income, FX, derivatives, and more.
Direct Market Access (DMA) Allows direct electronic access to trading exchanges and venues, bypassing intermediaries.		Described as providing 'direct market access' (DMA) on the vendor's solutions page.
Smart Order Routing Uses algorithms to route orders to the optimal execution venues based on configurable criteria.		Advanced order routing algorithms for venue selection are highlighted in product literature.
Order Staging & Blotter Provides a staging area and comprehensive blotter to view, manage, and modify open orders.		Describes staging area/blotter for order review and management.
Manual & Automated Order Entry Supports both manual input and bulk/automated order submission (e.g. via FIX, API).		EMS details both manual UI entry and API/FIX-based order entry.
Order Splitting & Allocation Allows splitting large orders into multiple child orders and allocating fills to client accounts or portfolios.		Product features include order splitting, allocation, and flexible fill handling.
Pre-Trade Risk Checks Performs risk assessments (e.g., price limits, position limits) before allowing order submission.		Risk and compliance checks before order submission are a core feature.
Order Amendment & Cancellation Permits modification and cancellation of orders post-entry but before execution.		Order amendment and cancellation is standard for EMS as confirmed by documentation.
Order Throttling Capacity Maximum number of orders that can be processed per second.		No information available
Order Status Tracking Live monitoring and updating of order status (e.g., open, filled, partial, cancelled).		Order life cycle tracking and live status updates are referenced in product brochures.

Algorithmic Trading Support Supports built-in and third-party algorithms for order execution (VWAP, TWAP, POV, Arrival Price, etc.).		Built-in support for basic and advanced execution algorithms.
Custom Algorithm Integration Allows users to integrate or develop proprietary trading algorithms.		Custom algorithm integration and support for plug-ins mentioned in technical docs.
Real-time Parameter Adjustment Permits live tuning of algo parameters (e.g., urgency, participation rate).		Live adjustment of algo parameters is listed in advanced EMS workflows.
Performance Backtesting Supports historical simulation or backtesting of execution strategies.		Historical backtesting of strategies available as per feature listing.
Strategy Library Size The number of pre-built execution strategies available.		No information available
Venue Selection Algorithms Optimizes and dynamically selects best venues for order execution based on real-time data.		Venue selection/optimization algorithms included as key execution functionality.
Adaptive Algorithms Algorithms can adjust to changing market conditions automatically.		Adaptive and dynamic algorithms adjusting to market conditions described in solution overview.
Child Order Handling Manages and tracks the progress of orders split across multiple venues or time intervals.		Handles parent/child order relationships, explicitly listed for multi-venue execution.
Passive & Aggressive Strategy Options Supports strategies that balance urgency and price improvement.		Passive and aggressive strategy options are selectable during algo execution.
Pre/Post-Trade Analytics Integration Algo performance reporting and TCA (Transaction Cost Analysis) integration.		Integrated pre- and post-trade analytics and TCA confirmed by Enfusion marketing materials.

Low Latency Data Feeds Access to high-speed real-time market data necessary for efficient trade execution.		Real-time low-latency data feeds mentioned as enabling factor for smart execution.
Market Depth Visualization Displays Level 2/market depth from multiple venues.		Market depth/Level 2 visualizations included in standard UI screenshots.
Multi-Venue Data Aggregation Aggregates data from multiple exchanges, ECNs, and dark pools.		Aggregates data across multiple venues (exchanges/ECNs).
Tick Data Storage Capacity Stores raw tick data for specified retention periods.		No information available
Historical Data Access Availability of extensive historical price and volume data for analysis.		Provision of historical market data for analysis is included.
Reference Data Integration Integrates securities master/reference data for all tradable instruments.		Integration with securities master/reference data sources confirmed.
Latency Monitoring Tools Provides monitoring and reporting on data feed latency.		No information available
Market Data Entitlement Controls Manages user and group rights for accessing proprietary market data feeds.		User/group level entitlement controls for market data as a standard feature.
Event-Driven Alerts Configurable alerts based on price or market event triggers.		Configurable price/event alerts available in the notification settings.
Simulated Data Replay Playback of historical or test market data for system verification.		Features historical market playback/replay for testing, as mentioned in product sheets.

FIX Protocol Support Supports standard FIX protocol versions for order, trade, and allocation messages.		FIX protocol support offered for both order and allocation messaging.
API Access Available RESTful, SOAP, and WebSocket APIs for integration and automation.		Comprehensive APIs (including REST and WebSocket) are advertised.
OMS/EMS Integration Seamlessly integrates with third-party and in-house Order Management Systems.		Integration capabilities with upstream OMS/Portfolio Management explicitly mentioned.
Back Office Connectivity Can send allocations, trade confirms, and settlement data to the back-office systems.		Connectivity to back-office and middle-office workflows described.
Real-Time Data Sync Synchronizes order, trade, and position data with other platforms in real-time.		Real-time synchronization across platform and reporting layers referenced.
Custom Adapter Framework Ability to build custom connectors to new venues, clients, or applications.		Custom integration/adapter options available, as stated for venue/client connections.
Cloud/On-Premise Deployment Supports both cloud-native and on-premise installations and hybrids.		Cloud-native deployment as well as dedicated/managed options available per product info.
Latency of Order Routing Order transmission time to market venues.		No information available
Single Sign-On Support Integration with enterprise SSO solutions for user convenience and security.		Single sign-on (SSO) referenced as supported in security/integration sections.
Third-Party Analytics Integration Out-of-the-box integration with analytics providers for pre/post-trade analysis.		Integration with analytics reports and services for TCA provided.

Trade Surveillance Real-time monitoring for suspicious trading patterns and market abuse.		Trade surveillance workflows and regulatory modules present.
Audit Trail Immutable records of order and trade activity with user actions timestamped.		Audit trail and detailed logging required for regulatory compliance is documented.
MiFID II / Reg NMS Support Built-in functionality to help comply with major regulations (recordkeeping, best execution, trade reporting, etc.).		MiFID II and SEC/US compliance covered in regulatory feature sheets.
Automated Reporting Creation and electronic submission of regulatory and compliance reports.		Automated generation and submission of compliance reports referenced.
Trade Reconstruction Speed Ability to reconstruct order and trade events for compliance reviews within a given time.		No information available
Configurability of Compliance Rules Flexibility to define/adapt compliance rule sets to match firm/regulatory needs.		Rule configuration UI and support for custom compliance rules present.
Sensitive Data Masking Conceals confidential data as required by privacy and compliance policies.		Data privacy and masking options in line with compliance frameworks.
Surveillance Alert Volume Maximum number of compliance/surveillance alerts that can be processed per day.		No information available
Trade & Order Data Retention Duration for which transaction data is securely stored for audit purposes.	Trade and order data retention policies settable per compliance needs.
Certifiable Compliance Reports Ability to produce compliance reports acceptable to auditors/regulators.		Can generate compliance reports suitable for audit and regulatory filing.

Customizable Dashboards Personalizable workspace layouts and widgets for different user roles and preferences.		Customizable, role-specific dashboards with widgets described in UI documentation.
Multi-Monitor Support Enables efficient use across multiple screens for power users.		Multi-monitor setups for power users referenced in UI section.
Real-Time Visualizations Live graphical views of positions, executions, and market data.		Real-time position and market graphics included in UI.
Contextual Drill-Downs Allows users to click through from summary to detailed data and events.		Drill-down from summary view to order/event details supported.
Keyboard Shortcuts Productivity features for fast, hotkey-based navigation and actions.		Keyboard shortcuts and user productivity features present.
Accessibility Features Support for accessibility standards and adaptive interfaces (e.g. for visually impaired users).		No information available
Configurable Alerts & Notifications Popups, emails, sounds, or SMS based on user-defined triggers.		Configurable alerts and notifications, including SMS and email, described.
Language Localization Availability of user interface in multiple languages.		No information available
Mobile/Tablet Interface Responsive web/mobile apps for use on the go.		Mobile and responsive tablet interface available.
Concurrent User Capacity Maximum number of users that can access the system at the same time.		No information available

Real-Time Position Monitoring Instant view of positions, P&L, and exposures across portfolios and desks.		Real-time, portfolio-level position and risk monitoring referenced.
Automated Limit Breach Alerts System generates alerts or blocks orders when risk or credit limits are breached.		Automated alerts for breached limits (risk/credit) included.
Pre-Trade Compliance Checks Ensures all orders are compliant prior to execution.		Pre-trade compliance validation occurs at point of order entry.
Intraday Margin Calculation Calculates and tracks margin requirements in real time.		Real-time and intraday margin tracking included in risk module.
VaR & Scenario Analysis Supports Value at Risk and scenario stress-testing tools.		VaR and scenario stress analysis tools available.
Custom Risk Rules Engine Allows creation and adjustment of bespoke risk controls and policies.		Risk rules engine for defining bespoke controls present.
Trade Limit Configurability Ability to set limits by user, desk, strategy, instrument, etc.		Trade and position limit controls are flexible per user/desk/asset.
Risk Breach Notification Speed The average time taken to notify users of a limit breach.		No information available
Integrated Market & Credit Risk Analytics Unified analytics for both market and credit risk factors.		Market and credit risk analysis tools are integrated in the platform.
Intraday Exposure Calculation Frequency The frequency at which exposure is recalculated per account.		No information available

Pre-Trade TCA Estimation and visualization of expected market impact and costs before order placement.		Pre-trade TCA is available (expected impact and estimated slippage).
Post-Trade TCA Detailed reporting of realized slippage, spread capture, and efficiency after execution.		Post-trade TCA with detailed analytics included.
Custom Benchmark Support Users can define custom benchmarks (e.g., VWAP, arrival price) for cost analysis.		Benchmarks such as VWAP/arrival price are available and customizable.
Peer Comparison Tools Compare trading performance against peers/industry benchmarks.		Industry/peer performance comparisons are referenced in TCA modules.
Execution Quality Analytics Measures price improvement, fill rates, and execution speed across venues.		Execution analytics tools provide fill rates, speed, price improvement.
Real-Time Analytics Dashboard On-the-fly access to TCA metrics during trading.		Live TCA and execution analysis dashboard present.
Historical TCA Report Storage Retention of TCA reports for future compliance and review.		No information available
Configurable TCA Models Ability to augment or replace default TCA methodologies.		TCA methodology configurability is highlighted in advanced workflow.
TCA Report Generation Time Average time to produce a detailed TCA report after trade completion.		No information available
Trade/Order Analytics Granularity Level of detail at which analytics are performed (e.g., per fill, per child order, per parent order).		Analytics granularity per fill/child/parent order listed in technical information.

Role-Based Access Control (RBAC) Granular permission assignment to users, groups, or roles.		Role-based access control system is a fundamental platform feature.
Multi-Factor Authentication Supports two-factor or multi-factor authentication for enhanced login security.		Multi-factor authentication either via native or third-party integration.
End-to-End Data Encryption Data encrypted both at rest and in transit.		End-to-end encryption for both in-transit and at-rest data referenced.
Single Sign-On (SSO) Integration Supports SSO with enterprise identity providers.		SSO (single sign-on) with enterprise providers listed.
Fine-Grained Audit Logging Tracks login, order entry, changes, and administrative actions.		Comprehensive audit logging, including admin actions, described.
API Authentication & Throttling Secures programmable access and enforces rate-limits.		API authentication and rate limiting are security features.
Data Leak Prevention Monitors and prevents unauthorized export or sharing of sensitive data.		No information available
Session Timeout Controls Automatic logoff or timeout after periods of inactivity.		Session timeouts and auto-logoff after inactivity present in user security settings.
Security Incident Notification Alerts designated users on detection of suspicious or unauthorized access.		Alerts for system and security incidents are stated features.
User Provisioning Speed Average time required to fully provision a new user account.		No information available

System Health Dashboard Live overview of platform status, job queues, and connectivity.		Live status and uptime dashboards available for system monitoring.
Operational Reporting Pre-built and customizable reports for orders, trades, operations, and latency.		Operational and latency reporting customizable according to platform overview.
Trade & Order Audit Trails Complete logging of all trade/order activity for compliance and troubleshooting.		Audit/lifecycle tracking for all trade/order activity as per compliance modules.
Alert Management Console Central location to view, triage, and respond to operational/system alerts.		Console for monitoring, triaging, and acknowledging system alerts.
System Up-Time Guarantee SLA-backed system availability commitments.		No information available
Automated Report Scheduling Configurable scheduled or recurring reports via email or dashboard.		Ability to schedule and deliver reports automatically by email or dashboard included.
Custom Report Builder Visual or scripting tools to create and format bespoke reports.		Custom report creation tools documented for both ops and compliance use.
Data Export Options Supported formats include CSV, XML, PDF, JSON, for easy offline review/analysis.		Exports to CSV, XLS, XML, JSON, and PDF specified.
Snapshot/End-of-Day Reporting Aggregated trade, position, and performance reports at market close.		Support for end of day reports and snapshots described.
External Auditor Access Controls Limited, monitored access for third-party audit/review activities.		Controls for third-party or auditor/monitor access, with logging.

24/7 Technical Support Round-the-clock support for mission-critical trading operations.		24/7 support for trading operations confirmed on vendor's Support page.
Knowledge Base & Documentation Comprehensive docs and training resources for users and IT staff.		Product and user documentation, onboarding resources, and online help described.
Onboarding Time Average time to onboard a new client or trading desk.		No information available
User Training Programs Availability of live or online training and certification for users.		In-person and virtual/live training (including webinars, certification) available.
Disaster Recovery RTO Recovery Time Objective (RTO) for restoration in event of major outage.		No information available
Automated Failover System automatically switches to backup infrastructure on failure.		Automated failover/backup and DR are core to cloud-native setup.
Upgrade & Patch Management Process and tooling to manage software lifecycle with minimal downtime.		Provides upgrade and patch management with minimal downtime SLA.
Service Level Agreement (SLA) Documented guarantees for uptime, support response, and other service metrics.		Enfusion documents SLAs for uptime and issue response.
Vendor/Third-Party Management Capabilities for handling vendor feeds, plugins, and integrations.		Vendor/third-party integration and plugin support is referenced.
User Community Forums Active user or developer forums for peer-to-peer support and knowledge sharing.		No information available

Enfusion Execution Management System from Enfusion

Product analysis by function

Execution Management Systems (EMS) for Trading & Execution

Order Management & Routing (9 Yes /9 Known /10 Possible features)

Execution Algorithms & Strategies (9 Yes /9 Known /10 Possible features)

Market Data Handling (8 Yes /8 Known /10 Possible features)

Connectivity & Integration (9 Yes /9 Known /10 Possible features)

Compliance & Regulatory (7 Yes /8 Known /10 Possible features)

User Interface & Experience (7 Yes /7 Known /10 Possible features)

Risk Management (8 Yes /8 Known /10 Possible features)

Transaction Cost Analysis (TCA) & Analytics (8 Yes /8 Known /10 Possible features)

Security & Access Controls (8 Yes /8 Known /10 Possible features)

Monitoring, Reporting & Auditing (9 Yes /9 Known /10 Possible features)

Support & Operational Considerations (7 Yes /7 Known /10 Possible features)