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A Royal Battle in the OMS Market: U.K. Supplier Is Shaking Things Up In the U.S.

Traders Magazine, May 2003

Peter Chapman

Will Royalblue eat a rival's lunch? Royalblue, the number two supplier of Nasdaq order management systems, says it plans to overtake the number one supplier, SunGard Trading Systems, at the upper end of the market. Royalblue Financial's recent win at Bear Stearns signals the U.K.-based vendor may have the wind at its back. The deal with Bear puts Fidessa, Royalblue's OMS, in three of the top 15 Nasdaq trading rooms. The other two are Banc of America Securities and RBC Capital Markets. Meanwhile, Merrill Lynch is using Fidessa on its listed desk and is pilot testing the system on the all-important Nasdaq side.

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