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Advanced Controls Help Clients Comply with IIROC Rule NI 23-103

Eze Software Group, a premier provider of global investment technology, today announced that its award-winning RealTick® EMS, a global, cross-asset class, multi-broker execution, market data and risk platform provides the advanced risk and compliance controls required to meet the new mandatory Canadian regulatory changes facing clients in Q2 2013.

The Investment Industry Regulatory Organization of Canada (IIROC’s) National Instrument Rule 23-103 (NI 23-103) that is due to take effect on May 31, 2013 increases regulations on electronic trading and direct electronic access to marketplaces, and mandates risk management tools to control trade orders. The RealTick EMS helps clients comply with the pending IIROC rule through existing, user-controlled features such as notional value checks at multiple account layers (bank, branch, customer, and deposit), volume limit controls, wash trade prevention controls, stock restriction filters, short sale controls, a trading access “kill switch”, and real-time access for compliance managers.

“The increased monitoring and frequent testing required by the pending regulatory changes demands an automated solution that can streamline the processes into current workflows,” says Bud Daleiden, managing director, global head of business development for Eze Software Group’s RealTick EMS division. “With the RealTick EMS, clients will be ready to satisfy the new requirements the day the rule takes effect, without compromising the efficiency of their business.”

"Eze Software Group endeavors to stay ahead of industry and market trends, including regulatory changes,” said Ken Byrne, managing director, global head of sales and business development for Eze Software Group’s RealTick EMS division. “We are doing the same in advance of the new Canadian direct electronic access rule to provide RealTick EMS users with the tools to help them trade in compliance with regulations."

Eze Software Group’s RealTick® EMS is an award-winning, global execution platform providing comprehensive trading, data and risk solutions. RealTick EMS features advanced multi-broker, global cross-asset execution capabilities with access to a network of more than 200 brokers worldwide. RealTick EMS’s unsurpassed flexibility, world-class client service, and fully configurable and intuitively integrated software have earned multiple industry awards and accolades over the course of more than 25 years of industry-leading innovation.


About Eze Software Group

Eze Software Group is a premier provider of global investment technology to support the front, middle, and back office. Formed in 2013, Eze Software brings together the proven success of the RealTick EMS, Eze OMS, and Tradar PMS teams. It partners with more than 1,500 buy- and sell-side institutions in 30 countries across North and South America, EMEA, and Asia Pacific. Its clients include broker-dealers, endowments, family offices, hedge funds, institutional asset managers, mutual funds, pension funds, and professional individual investors. Based in Boston, Eze Software employs more than 750 people in 12 offices worldwide. For more information, visit