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Watching NYSE Floor Brokers: OMS Vendors Make Marketing Hay

Traders Magazine, April 2001

Peter Chapman

Vendors of order management systems (OMSs) are scrambling to position themselves as the New York Stock Exchange pushes its members to automate.

The Big Board is requiring floor brokers to enter the details of all orders - before trading occurs - into an OMS that will communicate with the exchange's new regulatory database. That's expected to result in better monitoring of brokers. It could also result in more business for vendors.

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