Ranking the U.S. Vendors of Sell-Side Order Management Systems 2003

September 19, 2003

Abstract

"Market opportunities for OMS vendors in the large broker segment continue to decrease as more large brokers with global operations turn to in-house development," says Celent analyst,

Sang Lee, the author of the report, but "BRASS and NYFIX still dominate the U.S. equities OMS market." Lee adds, "However, as new entrants, such as royalblue and, in the near future, Lava Trading, make inroads into the market, we may see a very different competitive landscape a few years from now."

A is available online.

Boston, MA, USA September 19, 2003

In a new report, " ," Celent profiles and evaluates a select group of OMS vendors in the U.S. equities market. This report is a companion to the U.S. OMS market overview report which was published earlier this year. (For more information, please see Sell-side OMS in the U.S.: A Changing of the Guard? July, 2003.)

Celent痴 ranking of the vendors (Table 1) was based on evaluations of core functionality, advanced functionality, existing client base, financial performance, and industry reputation. There seven OMS vendors profiled in this report are: Davidge Data Systems, GL Trade, NYFIX, OM Group, royalblue, Sanchez Computer Associates, and SunGard BRASS.

Ranking the Vendors of Sell-Side Order Management Systems
Market Tier I Tier II Tier III
Listed NYFIX NYFIX/Davidge Davidge
OTC royalblue royalblue/SunGard SunGard
Source: Celent Communications

of Celent Communications' Institutional Securities & Investments and Retail Securities & Investments research services 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 operating unit 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 September 19 , 2003

Vendors of Sell-Side  OMS 2003

Return to report Abstract

 

EXECUTIVE SUMMARY 3
INTRODUCTION 4
MARKET SEGMENTATION 5
  Background 5
  Market Reality 6
CORE OMS FUNCTIONALITY 8
  Basic Structure 8
  Key Functionality 9
PROFILING THE OMS VENDORS 12
  Davidge Data Systems (Subsidiary of S1) 12
  GL Trade 15
  NYFIX 18
  OM 20
  royalblue 22
  Sanchez Computer Associates Inc. Wealth Management Division 25
  SunGard Trading Systems (BRASS) 26
VENDOR COMPARISONS 29
RANKING THE VENDORS 38
OBJECTIVITY & METHODOLOGY 42

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