Buy-Side Order Management Systems: Automating the Front Office

January 29, 2003

Abstract

Boston, MA, USA January 29, 2003

In a new report entitled " ," Celent examines the Buy-Side OMS marketplace, identifying major trends and profiling the major players in the marketplace.

The investment management community has not been as quick to adopt new technology because all but the very largest firms have lacked the volume to support that investment. "This trend is beginning to change. For the first time in approximately a decade, buy-side firms are no longer producing double-digit returns for their clients as a result of the deterioration of market conditions since the spring of 2000. These firms are looking for new technologies to cut costs and increase efficiency," according to Fritz McCormick, author of the report.

A sign of this trend is rising interest in order management systems. An order management system can instantly provide a firm with an increased level of straight-through processing in the front-to-middle office environments, enabling more efficient operations almost immediately. Celent expects spending on these systems to reach almost US $700 million by 2005.

This report discusses trends in the order management marketplace, key features that a system must include, and a thorough overview of the top players in the marketplace (as seen below).

"Celent believes this marketplace is poised for continued growth, and we expect that growth to come from a buy-side community that, for the first time in a great while, needs technological tools to help increase efficiency, reduce costs and increase their competitiveness as clients, grown wary of low returns, begin to seek alternatives," says Mr. McCormick.

A is available online.

Firm

Product Name

Advent Moxy
Charles River Development Charles River Trading System
Eze Castle Traders Console
Indata Precision Trading
Linedata The Longview Trading System
Macgregor The Macgregor Financial Trading Platforms (MFTP)
SunGard Decalog Trader
Thomson Financial Oneva Trade EQ
Source: Celent Communications

of Celent Communications' Institutional Securities and Investments research service can download the report electronically by clicking on the icon to the left.  Non-members should contact info@celent.com for more information.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

 

Boston, MA, USA January 29, 2003

Return to report Abstract

 

EXECUTIVE SUMMARY 3
INTRODUCTION 5
MARKET OVERVIEW 7
  Key OMS Features and Functions 9
MAJOR VENDORS 14
  Advent 17
  Charles River Development  19
  Eze Castle Software 20
  Indata 22
  Linedata 23
  Macgregor 24
  Sungard 26
  Thomson Financial 28
CONCLUSIONS  30

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