at Financial Technnology Year
Please contact them if you have any questions.
Enfusion EMS from Enfusion
Full-featured EMS integrated with order and portfolio management, multi-asset trading, real-time analytics, execution automation, and seamless broker connectivity.
Product analysis by function
Execution Management Systems (EMS) for Trading Desk
Specialized trading interfaces focused on optimizing order execution through smart order routing, algorithmic trading strategies, and real-time analytics on execution quality and market impact.
More Execution Management Systems (EMS)
More Trading Desk ...
Order Management
(12 Yes /12 Known /14 Possible features)
|
Multi-Asset Support Ability to handle order entry and routing across different asset classes (equities, derivatives, FX, fixed income). |
Vendor website and product notes confirm support for multi-asset (equities, derivatives, FX, fixed income) order routing and trading. | |
|
Order Staging Allows pre-submission review and adjustment of orders. |
Described as full-featured EMS with pre-trade and order review capabilities, which commonly include order staging. | |
|
Order Validation Checks compliance and correctness of order fields and market-specific rules. |
Order validation is standard in EMS for compliance and error prevention; confirmed in Enfusion documentation. | |
|
Order Enrichment Auto-population of missing order details based on user and market profiles. |
Marketing information states support for order enrichment and automation features. | |
|
Bulk Order Handling Supports simultaneous handling and modification of multiple orders. |
System supports bulk order imports/modifications and blotter actions per official documentation. | |
|
Parent/Child Order Management Supports splitting and aggregating orders for better execution. |
Parent/child order handling (care orders, algorithm splits) is supported for institutional trading per feature lists. | |
|
Order Modification & Cancellation Allows real-time update and cancel of working orders. |
Real-time order modification/cancellation standard in modern EMS; specified in product references. | |
|
Order Acknowledgment Speed Average time to acknowledge order receipt. |
No information available | |
|
Order Capacity Number of orders that can be handled simultaneously. |
No information available | |
|
Pre-Trade Risk Controls Pre-submission risk checks to prevent erroneous trades. |
Product supports pre-trade risk checks such as exposure, limits, and compliance according to datasheet. | |
|
Soft/Hard Limits per Account Predefined exposure and order size limits per trader/account. |
Described as supporting account-level risk and soft/hard limits in compliance controls. | |
|
FIX Protocol Support FIX message standards for orders and confirmations. |
FIX protocol is a key feature of Enfusion EMS for broker and venue connectivity. | |
|
Custom Order Types Ability to define and use broker/dealer specific order parameters. |
Customization of order types and broker-specific parameters is supported. | |
|
Order Expiry and Duration Supports a range of duration parameters (GTC, IOC, FOK, etc). |
Products lists specify support for GTC/IOC/FOK and similar order duration and expiry parameters. |
Smart Order Routing
(11 Yes /11 Known /13 Possible features)
|
Venue Connectivity Direct connectivity to multiple venues (exchanges, dark pools, MTFs, etc.). |
Integrates with numerous exchanges and venues per product specifications. | |
|
Smart Routing Algorithms Intelligent algorithms that split and route orders for optimal execution. |
Product highlights smart order routing and algorithmic splitting for best execution. | |
|
Latency Measurement Average time taken from order entry to venue order placement. |
No information available | |
|
Venue Prioritization Ability to set routing preferences and priority for venues. |
Custom and prioritized routing preferences are noted in UI and configuration guides. | |
|
Dynamic Routing Automatic adjustment of routing logic based on real-time market conditions. |
Product offers dynamic/adaptive routing based on market conditions. | |
|
Liquidity Seeking Actively searches for hidden and visible liquidity sources. |
Describes liquidity-seeking order handling and dark/hidden liquidity access in marketing collateral. | |
|
Order Fill Rate Percentage of orders filled as intended via routing logic. |
No information available | |
|
Internalization Support Routes flow to internal liquidity pools when available. |
Internalization routes to broker/venue internal pools are available. | |
|
Cost-Based Routing Consideration of fees, rebates, and commission when routing orders. |
Supports cost-based/fee-aware routing logic as noted in product overviews. | |
|
Order Routing Failover Automated rerouting to backup venues upon outage or rejection. |
Described as having failover and rerouting to alternative venues on rejection or failure. | |
|
Transaction Cost Analysis (TCA) Integration Real-time feedback of anticipated routing impact on execution costs. |
Integrates TCA solutions and shows estimated routing cost/market impact during pre-trade analysis. | |
|
Customizable Routing Rules Ability to define and update proprietary routing rules. |
Proprietary rules and custom routing schemes are user-definable through admin/configuration tools. | |
|
Market Impact Mitigation Algorithms designed to minimize price impact when routing large orders. |
Explicitly supports execution algorithms that minimize market impact per institutional features. |
Algorithmic Trading
(9 Yes /9 Known /11 Possible features)
|
Pre-Built Algorithm Support Availability of VWAP, TWAP, POV, IS, and other common execution strategies. |
VWAP, TWAP, POV, IS, and similar strategies are directly listed among available execution algorithms. | |
|
Custom Algorithm Execution Ability to develop and deploy proprietary algorithms. |
EMS allows development and deployment of custom/proprietary algorithms. | |
|
Algorithm Parameterization Real-time tuning of algorithm factors (urgency, aggression, duration, etc.). |
Enables parameterization (e.g. urgency/aggression/limits) of trading algorithms in real time. | |
|
Real-Time Strategy Switching Switch between strategies mid-execution without order cancel/rebook. |
Allows live switching between execution strategies as described in advanced workflow documentation. | |
|
Execution Performance Metrics On-the-fly reporting of algorithm slippage, fill rates, and opportunity cost. |
Reports execution metrics and performance (slippage, fill rate, etc.) in dashboard. | |
|
Minimum Slice Size Smallest order size an algorithm can work with. |
No information available | |
|
Simulations and Replay Ability to test and backtest algorithms on historical data. |
Simulations/backtesting are supported according to marketing material. | |
|
Market Impact Modeling Engine for estimating real-time and forecasted impact of the execution. |
Market impact modeling is referenced as a component of pre-trade evaluation. | |
|
Real-Time PnL Tracking Live profit and loss calculations for working algorithmic orders. |
Shows real-time PnL for live orders, as per feature descriptions. | |
|
Support for Conditional/Triggered Orders Algorithms can be set to trigger based on specific market conditions. |
Support for triggered/conditional orders is included in advanced workflow features. | |
|
Algorithm Flexibility Number of parameters that can be customized per algorithm. |
No information available |
Real-Time Data & Analytics
(11 Yes /11 Known /12 Possible features)
|
Level 1 & 2 Market Data Access to basic quote and order book depth across supported venues. |
Market data across supported venues is referenced, implying Level 1 & 2 access. | |
|
Execution Quality Dashboards Visual dashboards of order fill quality, speed, and efficiency. |
Execution dashboards available for fill quality, speed, and efficiency. | |
|
Customizable Analytics Widgets Build and manage custom analytics panels. |
Platform allows customizable analytics widgets—highlighted in marketing collateral. | |
|
Real-Time Latency Tracking Tracks round-trip latency from order entry to fill confirmation. |
Tracks and displays real-time latency analytics for order flow. | |
|
Slippage Analysis Computation of trading slippage for all trades and orders. |
Slippage analysis is included in core analytics functionality. | |
|
Benchmark Comparison Compare executions to VWAP, TWAP, or custom benchmarks. |
Compares executions vs. VWAP, TWAP, and benchmark pricing. | |
|
Alerting on Anomalies Real-time alerts on outlier fills, delays, or disconnections. |
Anomaly/outlier alerts are referenced in product monitoring and analytics. | |
|
Market Impact Analysis Measurement and visualization of price impact by order. |
Market impact is analyzed and visualized as part of execution reporting. | |
|
Historical Data Analytics Ability to analyze execution quality over user-defined periods. |
Historical analytics and reporting are standard and confirmed in documentation. | |
|
Real-Time Data Refresh Rate How often data on dashboards updates. |
No information available | |
|
Custom Filter & Query Tools Advanced filtering and segmentation for analytics and reporting. |
Filtering and query building for analytics and reporting is specifically mentioned. | |
|
Export to External Tools Ability to export analytics/reports for use in other platforms. |
Data/reports exportable in multiple formats for external analysis/tools. |
User Interface & Usability
(10 Yes /10 Known /12 Possible features)
|
Customizable Layouts Flexible dashboards, workspaces, and widget placements. |
Configurable UI - dashboards and layouts are customizable. | |
|
Hotkeys/Keyboard Shortcuts User-configurable shortcuts for fast order entry and navigation. |
Hotkey and shortcut support provided for efficient order entry/trading. | |
|
Multi-Monitor Support Can be displayed and used efficiently on several monitors. |
Supports multiple monitors as stated in platform UI section. | |
|
Dark/Light Mode Switch between UI color schemes to reduce eye strain. |
Dark/light mode themes available per user preference documentation. | |
|
Drag-and-Drop Order Management Moving and modifying orders within the UI via drag-and-drop. |
Drag-and-drop management for order blotter/workflow confirmed in demos and docs. | |
|
Real-Time Updates Immediate reflection of all order and price changes in the UI. |
All UI/market/order changes reflected in real time—highlighted in technical briefs. | |
|
Personalized Watchlists Create and monitor lists of preferred instruments. |
Watchlists and custom instrument monitoring user features present. | |
|
Notifications & Alerts Popup, email, and desktop alerts for key events. |
Comprehensive notification and alerting systems included. | |
|
Accessibility Features Support for assistive technologies and compliance with accessibility standards. |
No information available | |
|
Search and Filter Abilities Quickly locate orders, symbols, or market data. |
Powerful search and filter abilities are referenced in UI modules. | |
|
Language and Localization Support Support for multiple languages, date/time, and numbering formats. |
No information available | |
|
User Preference Storage Ability to save and load UI/workspace preferences. |
User workspace preferences can be saved and loaded according to documentation. |
Integration & Connectivity
(9 Yes /9 Known /12 Possible features)
|
API Access Programmable APIs for system integration and automated workflows. |
API access (REST, FIX, etc.) is a marketed capability for integration/automation. | |
|
FIX & Proprietary Protocols Supports standard (FIX, FAST) and custom protocols for electronic connectivity. |
Supports FIX and proprietary protocols for connectivity. | |
|
OMS Integration Interoperability with common order management systems. |
EMS is designed to integrate with OMS and other front/mid/back-office solutions. | |
|
Back Office Integration Seamless push/pull of data for post-trade and compliance reporting. |
Back office integration (for post-trade/reporting) highlighted in solution architecture. | |
|
Market Data Vendor Integration Interfacing with third-party real-time and reference data sources. |
Integrates with major market data vendors (Bloomberg, Refinitiv, etc.) | |
|
Third-Party Algo Support Plug-in or access execution algorithms from external providers. |
Supports plug-in access to third-party and broker algorithms. | |
|
Trade Flow Throughput Maximum sustainable trade messages per second. |
No information available | |
|
Low Latency Connectivity Ultra-low latency network technology for high-speed trading. |
System highlights low-latency connectivity as a design goal. | |
|
Secure Connectivity Encryption and authentication for all external communications. |
Secure communications and authentication detailed in technical documentation. | |
|
Cloud/On-Premise Deployments System can be deployed both on client premises and in the cloud. |
Supports both cloud and on-premise deployments. | |
|
Event Streaming Support Integration with event streaming platforms (Kafka, Pulsar, etc). |
No information available | |
|
Data Import/Export Utilities Bulk upload/download of trades, historical data, and logs. |
No information available |
Risk Management & Compliance
(11 Yes /11 Known /11 Possible features)
|
Real-Time Risk Checks Order-level risk controls performed prior to submission. |
Per-product feature description, real-time risk controls are enforced pre-trade. | |
|
Credit & Margin Controls Portfolio and account-based checks for capital sufficiency. |
Credit/margin controls described within compliance and risk management modules. | |
|
User Entitlement Management Granular control over user permissions and roles. |
Role-based entitlement management available for multiple user types/roles. | |
|
Automated Rule Enforcement Custom rules for market, client, or regulatory compliance. |
Rule engine allows automated enforcement of regulatory and custom business rules. | |
|
Market Access Control Ability to restrict trading on certain markets or instruments. |
System allows restriction of trading access at the market/instrument level. | |
|
Outlier/Abnormal Activity Detection Detection and flagging of aberrant trading patterns. |
Abnormal activity/outlier pattern detection is highlighted in risk analytics overview. | |
|
Surveillance and Audit Trails Comprehensive capture of user, order, and system events for audit. |
Comprehensive surveillance and full audit trail generation is included. | |
|
Pre-Trade and Post-Trade Compliance Checks Integration of compliance rules at multiple lifecycle points. |
Compliance checks are embedded during all order lifecycle stages. | |
|
Regulatory Reporting Automation STP generation and submission of transaction reports (MiFID II, CAT, etc). |
Automated regulatory transaction reporting (MiFID II, CAT, etc.) is listed in product features. | |
|
Exception Handling Workflows Prioritize, review, and resolve non-standard risk or compliance events. |
Exception/event handling workflows for non-standard risks included in compliance features. | |
|
Data Masking and Redaction Sensitive information automatically masked for unauthorized users. |
Confirms masking/redaction of information for compliance and data protection. |
Performance & Reliability
(7 Yes /7 Known /10 Possible features)
|
System Uptime Percentage system is available during scheduled trading hours. |
No information available | |
|
Failover and Disaster Recovery Automated recovery and switchover to backup systems. |
System includes automated failover and disaster recovery plans. | |
|
Horizontal Scalability Ability to scale out across multiple nodes or servers. |
Architecture and documentation reference horizontal scaling ability. | |
|
Order Processing Latency Time from order input to execution confirmation. |
No information available | |
|
Throughput Capacity Maximum sustained number of trades/orders per second. |
No information available | |
|
Automated Monitoring Health checks and real-time alerts for resource utilization and system errors. |
Automated health/resource monitoring is a standard product feature. | |
|
Load Balancing Support Trade and order processing distributed to balance server load. |
Product lists load balancing support for distributed deployments. | |
|
Scheduled Maintenance Windows Ability to plan minor/major system updates with minimal trading impact. |
Scheduled maintenance/outage planning available in system admin functions. | |
|
Real-Time System Health Dashboards Immediate visibility into application/server status. |
Provides real-time system/application health dashboards. | |
|
Automated Backup Processes Regular backup of configuration, logs, and order data. |
Automated backup processes described in reliability/operational features. |
Security & Data Protection
(10 Yes /10 Known /10 Possible features)
|
Multi-Factor Authentication Supports MFA for all user logins. |
Multi-factor authentication supported for platform logins. | |
|
Encryption at Rest and in Transit Data encrypted both in storage and during communication. |
Data described as encrypted both at rest and in transit. | |
|
Role-Based Access Control User access enforced at role/group level. |
Role-based access control for user roles/groups is provisioned. | |
|
Time-Based Session Lockouts Auto-logout after defined periods of inactivity. |
Time-based session lockouts (auto-logout) is available. | |
|
Audit Logging Immutable logs track all actions and changes. |
Audit logging is a compliance requirement and highlighted in features. | |
|
Data Loss Prevention Safeguards and controls to prevent unauthorized data exfiltration. |
Data loss prevention and controls are listed to assure compliance. | |
|
Integration with Identity Providers Supports SSO and directory integration with corporate identity management. |
Supports SSO and integration with corporate identity/IdP. | |
|
IP Whitelisting and Network Restrictions Control over which IP addresses/networks can access platform. |
IP whitelisting and network restrictions are available to control access. | |
|
Secure Credential Storage All user credentials are stored in encrypted format. |
Credentials are stored encrypted according to security docs. | |
|
Penetration Testing & Vulnerability Scans System regularly scanned and tested for security weaknesses. |
Product undergoes regular pen-testing and vulnerability scanning. |
Audit, Reporting & Record Keeping
(8 Yes /8 Known /10 Possible features)
|
Full Audit Trail Comprehensive logs of every user, order, and system event. |
Full audit trail for all user/system events listed as an audit/reporting feature. | |
|
Automated End-of-Day Reporting Generation and delivery of trading, position, and exception reports. |
Automatic end-of-day trading/exception/position reporting provided. | |
|
Custom Report Builder Tool for creating ad hoc reports using all available data fields. |
Users can build custom/ad hoc reports in analytics module. | |
|
Regulatory Reporting Templates Pre-built formats for MiFID, CAT, EMIR, Dodd-Frank, etc. |
Regulatory report templates (MiFID II, CAT, etc.) available. | |
|
Long-Term Archiving Retain all data/events in compliance with regulatory timeframes. |
Long-term data archiving for regulatory compliance is a stated feature. | |
|
Report Delivery Scheduling Automated email/dropbox/file transfer of scheduled reports. |
Automated and scheduled report delivery supported (email/SFTP). | |
|
Custom Export Formats Output data in multiple formats (CSV, XML, JSON, PDF, etc.). |
Multiple export formats (CSV, XML, JSON, PDF, etc.) are available. | |
|
Searchable Audit Logs Quickly find key events or actions in audit history. |
Searchable audit logs and historical event lookup tools included. | |
|
Data Retention Period Length of time records are stored and retrievable. |
No information available | |
|
On-Demand Report Generation Speed Average time to generate standard reports. |
No information available |
Support, Maintenance & Vendor Services
(10 Yes /10 Known /10 Possible features)
|
24/7 Technical Support Round-the-clock access to vendor's technical assistance. |
24/7 technical support is advertised in vendor support pages. | |
|
On-Site Support Availability Ability to dispatch experts to client’s premises as needed. |
On-site support and implementation services described under client services. | |
|
Help Desk & Ticketing System Online system for users to submit, track, and resolve issues. |
Help desk/ticketing system for client support provided. | |
|
Comprehensive User Documentation Includes user manuals, technical references, and how-to guides. |
Comprehensive documentation (user/technical guides) available. | |
|
Training Programs Onboarding and ongoing training options for staff. |
Training programs (onboarding and ongoing) are available. | |
|
Regular Feature Updates System improvements and patch releases on a regular schedule. |
Regular software/feature updates are part of the vendor's update schedule. | |
|
Custom Development Services Vendor offers customizations specific to client requirements. |
Custom development services are available for client-specific needs. | |
|
Service Level Agreements (SLAs) Guaranteed response and resolution times as per contract. |
SLAs are explicitly referenced in all commercial/support agreements. | |
|
User Community and Forums Access to peer forums, knowledge base, and best practices. |
Vendor maintains user forums and knowledge base for clients. | |
|
Change Management & Release Notes Notification and documentation of changes in new versions. |
Change management with accompanying release notes for every version/release. |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.