The Empire Strikes Back
Traders Magazine, June 2003
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.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.