OMS Vendors Eye the Buyside
The Execution Needs of the Buyside and Sellside are Beginning to Overlap
Traders Magazine, August 2007
In April, sellside order management system vendor Fidessa bought LatentZero, an aggressive purveyor of buyside systems for large asset managers, for $126 million. The acquisition surprised industry watchers. In recent years, London-based Fidessa has forged deep inroads into U.S. broker-dealer territory traditionally dominated by SunGard's Brass OMS, while LatentZero focused on the buyside.
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