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The Renaissance OMS: Key selling points

Traders Magazine, November 2002

Editorial Staff

Fee Simple Due to shrunken spreads most institutional Nasdaq trades are now done for a commission-like fee rather than a bid-ask spread. Accommodating this critical pricing change has kept OMS vendors busy for much of the past year and a half. Renaissance says its conducts fee-based trading better than the other guys. "The solutions we've seen from our competitors are very manually intensive," said DeGigilio, Renaissance's chief technology officer. "They force traders to spend time directing shares to the right destination. That should be on autopilot. Traders should be addressing order flow and making markets."

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