Infini Capital Deploys TORA’s OEMS for Pairs Trading Application

Infini Capital Management Ltd, a Hong Kong-based multi-strategy hedge fund, has deployed TORA’s cloud-based order and execution management system (OEMS) in order to address the need for a solid Pairs Trading solution.

The TORA OEMS offers a multi-asset, multi-region and broker-neutral pairs application which came as a deciding factor next to its easily configurable functionality and on-the-ground support for fund trading activities.

The firm’s pairs trading application allows hedge funds to better control execution via a series of parameters such as slicing and concurrency. The app allows for bulk uploads, provides capacity to trade thousands of pairs concurrently, and features an alert management platform which highlights both price volatility and hung legs.

Tony Chin, Chief Executive Officer and Chief Information Officer at Infini Capital, commented:
“The pairs trading tools within the TORA OEMS will enable us to trade more efficiently, and will ensure high execution completion, even during volatile market conditions. We chose TORA for their configurable functionality, ability to improve execution performance and great client service”.

Chris Jenkins, Managing Director at TORA, said: “TORA is delighted to support new innovative businesses at launch, and we were pleased to onboard Infini. Our fully integrated pairs trading application enables users to trade pairs across multiple counterparties with flexible and wide-ranging execution parameters. We are very much looking forward to working further with Infini Capital and supporting their growth with state-of-the-art technology and excellent client service.”

In late 2018, TORA upgraded its OEMS support for MiFID II transaction and trade reporting by integrating its trading system with NEX Regulatory Reporting. The firm’s MiFID II compliant solution, TORA Reporting Solution, allows assets managers to verify and report on their trading operations as it performs calculations on any data source and produces in-depth analysis reports with clear visualization and charts and can be accessed via web and mobile devices on a real-time basis.

In 2017, TORA launched its artificial intelligence (AI)-driven pre-trade transaction cost analysis (TCA) solution designed to help firms meet the best execution requirements imposed by MiFID II, coming into effect January 2018. Moving beyond traditional TCA, ts artificial intelligence techniques are able to accurately estimate price slippage for trades before they enter the market.