RT Journal Article
SR Electronic
T1 OMSs Get Up to Algorithmic Speed
JF Trading
FD Institutional Investor Journals
SP 87
OP 88
VO 2005
IS 1
A1 Michael Hayes
YR 2005
UL http://guides.pm-research.com/content/2005/1/87.abstract
AB 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.