TY - JOUR T1 - OMSs Get Up to Algorithmic Speed JF - Trading SP - 87 LP - 88 VL - 2005 IS - 1 AU - Michael Hayes Y1 - 2005/03/20 UR - http://guides.pm-research.com/content/2005/1/87.abstract N2 - In an effort to reduce spreads, reduce execution costs, and increase fair competition, regulatory bodies have introduced market structure changes. Asset managers have determined the need for their traders to help increase overall fund performance through better executions. Order management systems (OMS) have emerged as logical, front-end means for providing traders with access centralized order management, pre-trade compliance, and a seamless trading workflow. This commentary discusses the need for brokers and OMS vendors to work together on the development of these systems and the benefits that they will produce. ER -