Reportlinker Adds State of play in OMS/EMS

Dec 08, 2010, 14:15 ET from Reportlinker

NEW YORK, Dec. 8, 2010 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

State of play in OMS/EMS

http://www.reportlinker.com/p0337465/State-of-play-in-OMS/EMS.html

Introduction

Order management and execution management systems, or OMSs and EMSs, are trading platforms that came into existence in the equities world, where they are an established part of the infrastructure in both buy- and sell-side institutions. Indeed, OMS can be considered a mature market, in that the majority of potential customers have already had one installed for a long time.

Features and benefits

The report shows how liquidity continues to fragment in Europe and begins to do the same in Asia Pacific.

It discusses the evolution of transaction cost analysis from a compliance to an optimization tool.

It considers the challenges to OMS/EMS from the move to multi-asset strategies.

Highlights

The biggest and best-funded investment banks will certainly want to keep their offerings going and continue to devote development budget by adding new functionality to them, as they are an excellent means of maintaining a captive buy-side audience. Banks are, however, becoming more selective about whom they provide the systems to.

The growth in popularity in multi-asset funds, and therefore the increasing number being launched in the market, is a predictable reaction to the volatility that has characterized the cash equity markets since the global financial crisis broke out in 2007.

The main thrust of current legislative endeavors is intended to reduce banks' ability to take on risk by imposing more stringent capital requirements.

Your key questions answered

Will OMS and EMS platforms ultimately converge into so-called OEMS that does both order and execution management?

What are the challenges for handling multiple asset classes from a single OMS/EMS?

Will transaction cost analysis be offered primarily by OMS and EMS vendors, or will the dedicated TCA vendors continue to have a role to play?

TABLE OF CONTENTS

SUMMARY 1

Catalyst 1

Ovum view 1

Key messages 3

INTRODUCTION: WHAT ARE OMS AND EMS? 8

Not all customers require both an OMS and an EMS 8

The buy and sell sides have different requirements from an OMS 9

THE ISSUES FACING OMS/EMS IN TRADE EXECUTION 13

Challenges require further technological development 13

Venue proliferation represents a challenge for EMSs to keep up with interfaces 13

Multi-asset capability is becoming an essential feature 14

Trading multiple assets and multi-asset strategies are two different things 15

Transaction cost analysis needs to go deeper and wider 16

Issues in the pre- and post-trade arenas 19

Overview 19

Tougher regulation is driving change in technology 19

OMS/EMS will not become full risk platforms 20

Compliance capabilities will grow 20

Should OMS and EMS converge? 21

Ongoing debate 21

Some market participants do not require a full OMS and EMS 21

Integrating OMS and EMS is an opportunity for messaging vendors 21

A lot of so-called OEMSs are still two separate products 22

Competitive Landscape 23

Overview 23

BNY ConvergEx Group 23

Charles River Development 24

Fidessa 25

InfoReach 25

Investment Technology Group (ITG) 26

Linedata 26

List Group 28

Orc Software 29

Portware 29

RTS Realtime Systems (RTS) 30

SunGard 30

Trading Technologies 31

ULLINK 32

Recommendations 34

Recommendations for enterprises 34

Recommendations for vendors 34

Alternative views 35

APPENDIX 36

Further reading 36

Methodology 36

Author 36

Ovum Consulting 37

Disclaimer 37

TABLE OF

FIGURES

Figure 1: Example of how a multi-asset fund operates 12

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Nicolas Bombourg

Reportlinker

Email: nbo@reportlinker.com

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