Traders Magazine, August 2000
In the beginning there was TCAM. The order management system vendor predates BRASS by some 10 years and was the first to sell a trading system. But it has almost vanished from the scene, according to traders. Not true, says Greg Johnston, general manager of OM Technology's securities systems division, formerly TCAM. "We have 22 customers who rely on our market making system," he said. "We still feel it's a credible competitor to BRASS."
Nevertheless, since buying TCAM in February 1999, OM has delayed the integration of a market making module into its flagship OneWorld Service Bureau used by brokerages to manage their orders. TCAM's Traid-Gold market making software is used by firms like Peters Securities, Arnhold and S. Bleichroeder, and International Assets Advisory Corporation, but is not being aggressively marketed. Johnston says Traid-Gold is being revamped and will become part of the OWSB sometime in the next four to eight months.
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