When order management systems first started cropping up in the 1990s their main goal was connecting buy-side firms to their brokers electronically. Paperless trading and reducing manual errors sounds like a pretty basic concept. It was the start of something big. Once those first automated connections in were in place, there were suddenly a lot more possibilities of new tools and functions that could make the process easier, better, more seamless. Flash forward about 25 years and the new features and tools keep coming.
Keep clicking to see how some of the top vendors have re-imagined this concept.
Advent Software's Moxy was first introduced in 1994 and is in its 14th generation. The trading and compliance solution is a turnkey platform for private client, institutional and fund managers. Moxy 14.2 is easy to configure, use and administer, and provides global connectivity that supports multiple lines of business. Key features include powerful asset allocation/order creation tools with built in compliance, unmatched pre- and post-trade connectivity; and real time views on positions, trading, orders and cash information.
Bloomberg LP has three OMSs. Bloomberg Asset and Investment Management (AIM) was first introduced in 1998. Bloomberg AIM provides buy side institutions and hedge funds with global, multi-asset solutions for front end portfolio, trading, and middle and back office operations. In this screen shot, Bloomberg AIM's Intraday Market Map enables users to analyze intraday price movements and news related to their portfolios across industries, regions and the companies that operate within specific sectors.
Bloomberg Sell-Side Execution and Order Management Solutions (SSEOMS) was first introduced in 2002. Bloomberg SSEOMS gives sell-side traders an integrated suite of tools for managing client order flow and executing order in global equities, futures and options. Bloomberg SSEOMS is delivered as a hosted solution through the Bloomberg Professional service and it enables sell-side investment firms to generate revenue, attain best execution, manage risk and compliance and improve operational efficiency.
Bloomberg's Trade Order Management Solutions (TOMS) provides sell-side fixed income firms with global, multi-asset solutions for front-end inventory, trading and middle and back office operations. Bloomberg TOMS enables sell side firms to streamline trader workflow, increase global distribution to markets, manage risk and compliance, and improve operational efficiency. The front office get a multi- asset system with workflows designed specifically for traders and salespeople. The middle office gets trade processing solutions and the ability to manage regulatory connections. The back office gets integration with third party back offices and the downstream systems.
Broadridge's OMS, Portfolio Master combines multi-asset class order management and portfolio management functionality in one platform, to allow clients to manage the full lifecycle of their trade from one location. In addition, risk management tools like deterministic, historical and predictive scenario analysis and historical value-at-risk are incorporated into the system as well, with Monte Carlo VaR, suggested hedges and traders grids coming soon.
Broadridge Portfolio Master also features assorted data visualization tools.
Charles River Developments Investment Management System was first introduced in 1997 and is now on version 9. The Charles River IMS provides a single, highly performant multi-asset OEMS platform combining full order management and execution management capabilities. It is a managed and hosted solution that can be deployed as part of a complete front and middle office platform. Best practice trading workflows can be easily configured to increase trader productivity.
Eze Softwares Eze OMS, first introduced in 1995, is a global multi-strategy order management system that streamlines the investment cycle for all asset classes from idea generation through settlement. It offers advanced functionality to support portfolio analytics, modeling, trading, compliance, risk and operations. Traders can take advantage of flexible and fully configurable real-time trade blotters, configurable allocation schemes to automatically allocate block orders, and customizable quick send buttons for single-click execution to one or more brokers.
Traders can take advantage of flexible and fully configurable real-time trade blotters, configurable allocation schemes to automatically allocate block orders, and customizable quick send buttons for single-click execution to one or more brokers.
Fidessa's OMS was first introduced in 1991 and is now on version 14.4. The trading platform supports equities and equity options and its connectivity cloud provide access to more than 200 global markets through a robust infrastructure with uptime exceeding 99.999%. It has a full suite of advanced trading tools, including baskets, algorithms and pairs. It is a fully integrated trading platform for sales traders, traders, operations and market makers for front to middle office activity.
Longview from Linedata was first introduced in 1998. This OMS supports all asset types from simple equities to fixed income as well as complex derivatives such as total return swaps, credit default swaps and interest rate swaps. The latest version of Longview marks a transition from a market value to an exposure-based platform for optimal support of non-cash securities, including modeling and rebalancing.
