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An OMS Body Snatcher

Traders Magazine, January 2004

Editorial Staff

In the beginning, there was BRASS. For over a decade, the sellside order management system sold by SunGard Trading Systems was ubiquitous on Nasdaq trading desks. So-called Brass-killers' came and went. SunGard maintained its grip on the notoriously demanding market and even expanded into the listed side. But in the past two years, things have started to change. Royalblue, a British vendor in the states from the mid-90s, has finally started to gain some traction. Last year, its Fidessa system scored big wins in the trading rooms of Merrill Lynch and Bear Stearns.

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