DMA Prime Cooperates with TORA for its OEMS and Outsourced Trading Desk

TORA, provider of industry leading trading technology, announced that it's OEMS system and outsourced trading desk have been selected by DMA Prime, a division within the DMA group and a provider of execution and prime brokerage services to institutional asset managers in south Africa. 

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According to the press release published by TORA, DMA Prime chose TORA's OEMS, as part of the rapid expansion of their outsourced dealing services in the region and the need for a scalable multi-asset global execution technology solution to help meet that growth.

In addition, the execution desk at DMA Prime has also selected TORA's outsourced trading desk to supplement their global market reach with TORA traders working in multiple time zones to execute orders.

DMA Prime can now access the TORA FIX network to connect to global broker algo offerings, as well as use TORA's equity pairs algos to improve execution quality and use the TORA TCA reporting suite.

Chris Jenkins, Managing Director at TORA commented "We are very pleased to announce DMA Prime as TORA's first South African client, which is a milestone for us. We are passionate about being able to provide the latest trading technology that gives clients an added edge. We look forward to a long-term partnership with the team at DMA Prime."

Justin Sage, Head of Institutional Trading at DMA Prime: "Against the backdrop of a very competitive landscape, TORA's OEMS was the perfect choice for us. We really needed a global execution system that allows fast single-click trading and the ability to seamlessly connect to our existing in-house proprietary portfolio technology and liquidity providers."