The investment management industry’s heightened interest in multi-asset OEMSs is a consequence of the emergence of asset managers and hedge funds that are adopting multi-asset class trading strategies in an attempt to overcome the inertia currently experienced in equities trading and the move to trading in alternative asset classes that this is driving.
Some buyside firms such as large asset managers and mid-to-large size hedge funds also require real-time data analytics that integrate with an OEMS, as well as risk management tools and transaction cost analysis (TCA) systems to generate a cross-asset, front-to-back office view of risk across the trade lifecycle.
This buyer’s guide assesses ten technology vendor solutions that target the buyside OEMS space. The vendors reviewed in the report are:
- Bloomberg;
- Charles River;
- Fidessa;
- Flextrade;
- Inforeach;
- Instinet;
- Murex;
- Portware;
- TORA; and
- TradingScreen.
The report sets out the breadth of functional coverage of the ten surveyed vendors –providing an assessment of the quality of the functionality as such a qualitative assessment can only reasonably be ascertained on a client-by-client basis, giving consideration to the unique requirements, current system state and target end state of each potential client. The OMS functionality surveyed include:
- pre-trade tools and post-trade tools;
- order management and routing;
- trading;
- market data and market connectivity;
- TCA and risk management;
- straight-through processing;
- compliance; and
- portfolio analysis and P&L calculation.