Table of Contents

EMS/OMS Department

Articles from Traders Magazine

Fidessa's Algos Go Short-Term

Order management system vendor Fidessa has augmented its collection of BlueBox algorithms with a handful of short-term trading strategies. In designing its newest algos, the trading software vendor talked to traders and gauged their needs. In one case, they noticed how traders were sometimes performing repetitive manual actions that could be done automatically, said Matthew Rowley, Fidessa's vice president and global product manager for BlueBox.

OMS Vendors Regroup

NYFIX's sudden decision last year to stop selling order management systems to market makers highlights the difficulties vendors face in supporting this segment of the sellside market. The three vendors that remain acknowledge the challenges, but claim their multi-faceted strategies fit the times.

2007 Review: Progress Made on OMS-EMS Integration

Mating an OMS with an EMS moved beyond the realm of theory this year, easing some frustrations on the buyside. Three of the five major suppliers of buyside order management systems claimed victory in successfully integrating execution management systems into their platforms. The other two are hard at work doing the same. The achievements are notable and expected to make life easier for busy buyside traders.

InfoReach Rolls Out Routing Service

InfoReach last month launched a simple, bare-bones trading application that routes orders from the buyside to the sellside. The Web-based service, called brokereach, provides a low-cost routing service targeted to buyside shops currently using IM, e-mail, spreadsheets or the phone for both single-stock and list trading, according to Allen Zaydlin, InfoReach's CEO. About 25 brokers are already on the system, he said. …

Linedata's OMS Meets Goldman's REDIPlus EMS

The EMS-OMS convergence story continues. Buyside traders using Linedata's LongView order management system and Goldman Sachs' REDIPlus execution management system could be getting a break. Work done by the two technology providers to synchronize the two systems means traders will not have to cancel and re-key orders when going from the OMS to the EMS and vice versa; it will be done dynamically. This is expected to be completed by the fourth quarter of this…