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The Empire Strikes Back

Traders Magazine, June 2003

Editorial Staff

Down, but not out. Competitors are gaining ground on SunGard Trading Systems, the biggest vendor of OMS products in Nasdaq trading rooms. But although SunGard is still a strong player, many former customers have opted to use in-house systems or switched to SunGard competitors, industry players say. Morgan Stanley, RBC Dain Rauscher and Gerard Klauer Mattison, for instance, have all got rid of SunGard's BRASS OMS in the past year. UBS is likely to do the same, according to trading sources. Meanwhile, SunGard's British competitor, royalblue, is rapidly making inroads into BRASS territory.

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