Ranking the Vendors of Sell-Side Order Management Systems

July 31, 2001

Abstract

Boston, MA, USA August 1, 2001

Celent Communications offers indispensable guide to firms selecting an order management system

In a new report entitled , Celent Communications provides analysis and advice for financial institutions looking to implement an order management system (OMS) space. The report studies the top vendors in this space and compares the systems according to several different criteria.

Order management systems (OMS) have grown to become a central component of most brokerage operations. For broker/dealers, these systems have expanded to cover not only traditional trade creation and management workflow, but also have begun to include some aspects of other functions such as: execution, smart order routing, confirmation, accounting, allocation and network connectivity. 

Rank Order Management System
1 SunGard -- Brass
2 S1 -- Davidge
3 GL Trade

In addition to these extended duties, the OMS is being seen as the new pivot point for internal and external straight through processing (STP). "The move towards STP in the US and elsewhere is gaining momentum, and the realization that a great deal of re-engineering will be necessary to reach STP goals is spurring vendors to think about how their systems can facilitate this impending change," according to Fritz McCormick, author of the report.

"While SunGard remains at the top of the pile in terms of functionality, both S1 and GL Trade have developed very robust networks for order flow, both in the US and abroad," according to Mr. McCormick.

Celent believes that while the vendors above are producing systems of high quality, the rest of the pack is close behind. Firms looking to implement an OMS should look for an ever-expanding network of execution venues as well as increasing integration, both internally and with the buy-side.

A Table of Contents is available online.

of Celent Communication's Institutional Securities & Investments research services can download the report electronically by clicking on the icon to the left.

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 August 1, 2001

Return to report abstract  

EXECUTIVE SUMMARY

3

INTRODUCTION

4

MARKET OVERVIEW

5

MAJOR PLAYERS 8

 

Belzberg Technologies

11

 

GL Trade

13

 

NYFIX

15

 

OM Technology

17

 

royalblue

19

 

SunGard Trading Systems

15

 

S1

24

RANKING THE SYSTEMS

28

        

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