Order Management Systems directory
| Company | Description of System | Primary Order-Management Functionality Available? | What proprietary EMS functionality is included and is it broker neutral? | Does OMS integrate with any external EMSs? | How is it integrated? | Which version of FIX is run? | For which securities is the system designed? | If derivatives are supported, which types specifically? | How is ongoing support priced after initial support is finished? | Does the system handle international securities? | What accounting systems does the system integrate with? | Is there a remote 'light' version that can be used for business continuity/disaster recovery? | For what size and type of firm is the system ideally suited? | Future enhancements? |
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| Advent Software Moxy John Bird 415-645-1387 jbird@advent.com www.advent.com | Moxy® is the industry leading OMS deployed at over 850 firms worldwide that automates and streamlines the trading and order management process from portfolio construction through settlement. | Pre and post trade compliance. Portfolio Modeling and Allocation. Electronic trading, dark pool and algorithmic trading integration. Custodial Notification and settlement capabilities. | N/A | Yes, Moxy integrates to any EMS system of choice for our clients. | FIX connectivity, | 4.2 | Predominantly equities. Moxy supports multi-asset class and international trading as well. | Listed Options, OTC derivatives | Licensing is based on a term model with tiered support costs built into the annual fee. | Yes, Moxy supports true multicurrency capability and is in production at more than 100 firms outside of the United States. | All Advent accounting products (Axys, Advent Portoflio Exchange, and Geneva)Moxy can also integrate to any third party portfolio or trust accounting system. | Business Continuity/and Disaster recovery licensing is available. | With over 850 firms rangning from $100M in AUM to $60B AUM, Moxy is a felxxible system suited many different client profiles. We have institutional Asset Managers, High Net Worth Managers, Bank/Trusts, Hedge Funds and Broker Dealers all live and in production. | New Modeling Engine, Cash Management, Drift Analysis, Instrument Coverage, and a new UI are all currently in development. |
| Bloomberg LP AIM Parick Eldridge (212) 617-6739 peldridge@bloomberg.net | AIM is Bloomberg's Buyside Order Management System, for order capture and routing, position management, risk, reporting, thru to Financing and Middle Office applications. | Yes, AIM offers Order Management applications for most asset classes, including Fixed Income, Equities, and Derivatives to both internal and external execution platforms. | AIM offers the Bloomberg EMS platform to all AIM clients. This is a broker neutral platform that integrates over 1500 destinations globally. Differentiating factor is the integration of realtime Bloomberg Data and Analytics. | Yes. AIM integrates several EMS platforms including: Redi+, Triton, RealTick, Passport, Neovest, Lava. AIM will establish FIX connections to any major EMS application. | FIX connectivity, | AIM Integration to EMS systems is currently based on FIX 4.2. AIM does have the ability to integrate on FIX 4.4 if requested. | AIM is designed to support most asset classes. Fixed Income, equities, Derivatives, and FX are all supported. | AIM supports CDS's, IRS, TRS's, listed futures and options, OTC options, as well as FX futures and options. | 24 by 7 support for the AIM platform is included with the licensing fee for the platform. | Yes, Bloomberg AIM is a Global system. We handle assets classes from more than 100 countries | AIM integrates with most recognized accounting packages with minimal custom integration. For unique packages, integration can be established leveraging our Middle Ware software, which is included with basic AIM licensing fee. | Thru the Bloomberg Anywhere access points, AIM has pre established DR/BC abilities, to access the full platform, rather than a 'light' version, in a DR/BC scenario. | AIM can be configured for any size of Asset Manager, from 100M to 100B AUM. AIM currently has 500+ clients globally, supporting both traditional Asset Managers and Hedge Funds. | In 2009, AIM will continue our focus on Globalization, expanding our breadth and depth of product coverage around the world. Collateral Management and Middle Office applications are also key focus areas. |
| BNY ConvergEx's Eze Castle Software Eze OMS Sean Sullivan +1 646-346-1140 sales@ezecastlesoftware.com www.bnyconvergex.com | The Eze OMS is a multi-strategy, multi-currency OMS leveraging a real-time open architecture to streamline the investment cycle for all asset classes. It provides functionality to support portfolio management, compliance, trading, and operations. | • Multi-currency, multi-strategy, multi-asset class functionality • Flexible real-time Trade blotter, PM blotter, and/or Compliance blotter. • Event-driven decision support analytics • Flexible modeling and ‘What-If’ Analysis • Automated asset allocation and order generation • Real-time, intraday P&L and historical P&L • Liquidity exposure and analysis • Customizeable calculations • FIX order routing to over 400 sell-side destinations • Over 370 algorithmic strategies from more than 44 brokers • Single-screen order generation and allocation for any asset class • Execute list/program trades • Pre-trade, intra-trade, post-trade compliance checks on any data element or aggregation level • Flexible rule creation, assignment, management • Libraries of hundreds of industry-standard rules • Diagnostic checks to ensure integrity • Open architecture for integration with virtually any third party including 150+ established interfaces to accounting systems, custodians, prime brokers, risk systems etc... • Commission Management • Real-time monitoring and alerting | Single-click DMA to over 40 global markets accessing 95% of the world’s liquidity, FIX order routing, access to Level I and II market data, Time & Sales, TCA, market watches and charts. Eze supports broker neutral access to algos, dark pools and crossing networks for multiple asset classes. | Yes, the Eze OMS integrates with many external EMSs including Yes, the Eze OMS leverages a real-time open architecture that enables us to integrate with virtually any third-party vendor. We have established interfaces with the following ECN, ATS, and DMA platforms: Fidessa, FlexTrade, FutureTrade, Instinet, ITG Channel, Liquidnet, Liquidpoint, MarketAxess, Morgan Passport, Neovest, Newport, Portal, Portware, Radical, Triton, RealTick, REDIPlus, Sonic, InstaQuote, Tradeweb, Trading Screen, Trading Stream, Trading Technologies, Triact, UNX | FIX connectivity, API, SOA, | 4.0, 4.2 | The Eze OMS leverages an event driven, service-component architecture designed to support all securities including global equities, listed equity options, OTC equity options, fixed income, foreign exchange, futures, and credit derivatives. | Yes, both OTC and listed derivatives are supporting including forwards, futures, options, swaps, fixed income, and credit products. | All support is included in the annual licensing fee for the product. Eze Castle does not charge additional fees for implementation, upgrades or any ongoing maintenance and support. | Yes | Yes, the Eze OMS has established integrations with many accounting systems includig Advent Axys, Advent APX, Advent Geneva, BNYM – AIS, Beauchamp, CheckFree APL, DPM, Eagle, Electra , EPAM Princeton , FIN, IFA, Linedata MFACT, P2K, PMIS, SEI, SS&C Total Return, SS&C AdvisorWare, SS&C, Hedgeware, SS&C Pacer, Simcorp, Sungard Invest One, Sungard Shaw, Sungard VPM, Thomson Financial Portia, Tradar. The Eze OMS’s flexible architecture enables integration with proprietary accounting systems as well. | Yes, we offer Eze Mobile for remote access to critical functions via a handheld device or web browser. Using Eze Mobile, traders and portfolio managers can view profit & loss and exposure, enter trades, monitor orders, and run compliance. | The Eze OMS is ideally suited for hedge funds, traditional asset managers, and pension funds with between $100 million and $500 billion AUM. | For more information about our Product Roadmap contact sales@ezecastlesoftware.com. |
| Charles River Development Charles River Investment Management System (Charles River IMS) Brian Basiliere, Sales Executive +1 781 238 0099 BrianBasiliere@crd.com www.crd.com | The Charles River Investment Management System is a multi-currency, multi-asset class front- and middle-office software suite that supports 24x7 global operations and incorporates real-time electronic FIX trading. | Charles River IMS provides comprehensive functionality for decision support and portfolio management; order management and electronic trading; real-time pre-trade, post-execution, and end-of-day compliance monitoring and management, and centralized post-trade processing. | Broker-neutral, integrated EMS capabilities include: algorithmic trading interfaces with 30+ broker providers of algorithms; pre-/post-trade TCA integration; embedded in-trade execution monitoring/analytics; DMA; automated order routing; tight integration with data providers for streaming quote/time and sales/market depth/other real-time information; program trading; integrated watch lists/charting, as well as extensive customization options. | In addition to the core execution management capabilities of Charles River IMS, FIX-based staging to external EMS systems is supported. | FIX connectivity, FIX connectivity supports staging to most third party EMS systems. | Charles River Development supports FIX versions 4.0, 4.2, 4.4. | All asset classes, including: US and international equities, listed and OTC equity options, fixed income, foreign exchange, futures and complex derivatives. | •Options, Futures: Single Stock, Bond, Index •Interest Rate Swaps •Credit Default Swaps: Single Name, Index, Index Tranche, Basket •Cross-currency Interest Rate Swaps •Constant Maturity Swaps •Overnight Indexed Swaps •Asset Swaps •Basis Swaps •Inflation Swaps: Year on Year, Zero Coupon •Total Return Swaps: Equity, Fixed Income, Basket •IRS Swaptions •CDS Swaptions •Credit Linked Notes •Mexican TIEE Swaps •Brazilian Pre-DI Swaps | The annual lease for Charles River IMS includes provision of support hours sufficient to address most clients’ support requirements. If needed, additional hours are available at an hourly rate. | Yes. The system handles securities from most global markets and is used by domestic firms trading internationally and by local firms in over 30 countries around the globe. | • Advent Axys • Checkfree Security APL • DST GPS • DST InfoQuest • Eagle STAR • FIN • FMC Pacer • IBS VPM • IDS GIM 2 • Metavante • Princeton PAM • Sungard Invest One • Sungard AddVantage • Thomson PORTIA | The architecture of Charles River IMS supports multiple options for high availability/disaster recovery. Additionally, the Charles River Anywhere component is a browser-based application which extends critical functionality to remote users via their handheld mobile devices or their internet-connected PC. | Charles River IMS supports investment firms in the institutional, mutual fund, banking, hedge fund, wealth management, insurance and pension industries – ranging from <$1 billion in AUM to >$50+ billion AUM. | Further expansion in EMS capabilities including additional algorithmic, market data, and TCA provider integration; enhanced portfolio management and analysis tools for equity/fixed income/derivatives; and a new performance measurement and attribution module. |
| Cornerstone Revolutions, Inc. PowerTrade Angela Lyles 503-968-7202 alyles@crev.us www.poweradvisortools.com | PowerTrade increases productivity by automating the most time consuming manual tasks and minimizes time spent rebalancing, executing trades and account maintenance. | Yes. | Export trades in excel format in addition to seamless integration with TD Ameritrade, Fidelity and Schwab trading platforms. | TD Ameritrade VEO, Fidelity Advisor Channel and Schwab Institutional. | Stocks, bonds, mutual funds, ETF's, cash & equivalents, options. | Annual maintenance fee. | Any security with a ticker or cusip, multi-currency limitations. | PowerAdvisor and any platform that accepts output in an excel format. | No. | No restrictions. | Additional reports, global model changes, integration with real time pricing service, | |||
| eBroker Systems Limited eBrokerSys Marketing +852 2928 9008 marketing@ebrokernet.com http://www.ebrokernet.com | eBroker Systems Ltd. is a Financial Engineering and Technology solution provider engaged in the design and development of Order Management System (OMS) and back-office settlement system for global securities and derivatives trading, thus offering a total trading solution to allow straight through processing applications. The architecture is completely modularized and facilitates connection to any other proprietary solutions via standard API / FIX gateway. Advanced trading applications such as asset allocation system, real-time risk analysis & management system and portfolio optimization system are also being offered to more sophisticated users. | * Global Connectivity * Multi-market, multi-product and multi-currency handling * Modularized architecture allowing users to add different modules to the system to meet different business needs * Open system allows interface with different systems via standard API of FIX connection. Proven connectivity with Bloomberg network. * Straight through processing capability with backoffice system GBS * Market Data can be fed into the system from different sources including straight from exchange interfaces or market data vendors * Real-time risk management including margin requirement calculation through real-time Span for derivatives market | With the order routing system and eBrokerFIX (buy side), eBroker also provides clients with access to multiple trading partners around the Asia-Pacific region and US within eBrokerNet - eBroker owned broker electronic network. Clients using eBrokerNet and/or eBrokerFIX (buy side) have proven to substantially reduce their risks and costs of doing business in global markets. | Yes, e.g. Bloomberg, Thomson, IB, Gateway Captial. | FIX connectivity, API, | Compatible to the latest FIX version. | Stocks, Warrants, CBBC. | Global and Local Futures and Options. | Yes, the system support multi-currency, global stocks | We can provide an interface to meet with different accounting systems. | The system is modularized, different packages are available for different types of firm (ie. Hedge Fund / Institutional Product, Proprietary Trading, Retail Service) | Advanced Financial Solution and Automated Trading system | ||
| Fidessa LatentZero Minerva OEMS Cindy Arcari 617.235.1000 info@latentzero.com www.latentzero.com | Minerva OEMS is the first system to provide comprehensive order management (OMS) and execution management (EMS) in a single system, and is used by the world’s largest global asset managers through to specialist hedge funds. | • Simple Order Creation including generic (characteristic) orders • Order Capture from multiple sources • Comprehensive pre-trade investment restriction checking • Electronic, broker-neutral trading of equities, fixed income, derivatives and FX direct from the order blotter • Broker neutral, low latency trading across the proven Fidessa network, with Instant connectivity to: • 360+ brokers globally • A wide range of broker algorithms • DMA for global equity and listed derivatives markets • Single and list orders, including wave management • Real-time execution benchmarks, for example trading P&L • Display of externally calculated analytics such as VWAP, VSOT, etc. • Pre-trade transaction cost analytics supported by integration with broker sources • Full support for fixed income (price, yield, spread, etc) and quote driven trading methods • Support for global trading requirements, such as foreign investor IDs in Asia and Japanese allocations • Real time cash viewer for current and future positions • Automatic, real-time allocation of executions to block orders • Multiple allocation algorithms • Automatic calculation of commissions and fees for global markets • Full support for softing, crossing, directed commissions and stepouts • Trade confirmation, both manually and via Omgeo CTM or OASYS | • Broker neutral, low latency trading across the proven Fidessa network, with integration with all major ECNs including Liquidnet, Channel ITG, Tradeweb, MarketAxess, BondVision, FXall, FXConnect and more • Real-time market data, levels 1 and 2, news, charting, IOIs, market and sector indices • Calculation of simple user defined trading strategies (e.g. 1-tick-out, 1-tick-in etc.) using single click buttons Fidessa LatentZero also produces a standalone, hosted EMS Workstation. This is delivered as a broker neutral ASP solution, and provides market data, connectivity and trading for global equities and listed derivatives, and can receive orders from and send executions to any third party OMS via FIX. | Orders can also be sent directly to Alternative Trading Systems and ECNs via FIX, and can also be executed via DMA. Any executions received can then be sent downstream to an order matching application in the middle office, or directly to the back office via the standard API. | FIX connectivity, | Minerva OEMS is agnostic regarding which version of FIX is run. Minerva OEMS can support version 4.4 however most Minerva OEMS clients currently use version 4.2. | Full asset class support for equities, fixed income, listed and OTC derivatives, money markets and FX | Derivatives are a key development focus for us, so we are continually adding support for new asset classes in the space. Interest Rate: Par Swap Ad Hoc Swap Swaption Cap & Floor Bond Option Credit: Asset Swap Credit-Linked Note Total Return Swap Credit Default Swap: Single Name CDS Index CDS Inflation: Zero Coupon IIS Year-On-Year IIS FX: FX Options – Vanilla and Barrier Non Deliverable Forwards Equity: OTC Equity Options Equity Swaps – Price Return and Total Return | Unlimited support is included in the annual license fee. | Fidessa LatentZero has a global customer base trading a wide variety of instruments. This includes international equities, bonds, listed and OTC derivatives, denominated in multiple currencies with full FX hedging capabilities. | Technically, there is no restriction on the fund accounting systems with which Sentinel can integrate. A sample list of other systems with which Fidessa LatentZero have already integrated follows: DSTi’s HiPortfolio Multifonds Linedata’s Icon IDS GIM II Simcorp’s Dimension Portia Sungard’s Decalog Pleiades T-Star Eagle PACE Tradar Linedata Beauchamp Sunguard InvestOne Many in-house systems and data warehouses | A wide variety of business continuity/disaster recovery configurations are used by Fidessa LatentZero customers to ensure minimal downtime. These typically use standard clustering and replication techniques to provide a fully functional environment for BCP/DR purposes. | Minerva OEMS is suited to global asset managers with desks in multiple locations, as well as smaller boutique investment managers, wealth managers and hedge funds. | Further support for money markets Program trading and TCA |
| Horizon Software Horizon Trader Sylvain Thieullent +33.142.609.490 http://www.hsoftware.com | Horizon Trader is a powerful multi-purpose trading application designed to trade multi-instruments on multi-places and manage their executions. | - Order Management - Realtime Data Feeds - Failover - FIX Connectivity - Risk Management - Broker Connectivity - Data Feeds - Reports, Statistics, and Audit Trails - Integration with 3rd Party Systems | The below EMS functionalities are part of our current solution : - Follow limit - Linear order - Hitter limit - Stop fixed price - Stop and trigger - Trailing stop - Timer | Connectivity possible via dedicated integration | FIX connectivity, API, SOA, | FIX version are supported : FIX.4.1 - FIX.4.4 and FIX.5.0 | Equities, Derivatives, all asset types | .CFD .Equity Swaps .Delta-1 Certificates _ Index,Basket and Strategy Certificates .Bonus Certificates - Plain and capped .Discount Certicates - Plain and barrier .Express Certificates (Auto-Callables) .Reverse Convertibles .Capital Protected Notes | Annual maintenance | Yes, it does | Connectivity possible via dedicated integration | Depending on the issues, business continuity/disaster recovery processes are performed : .either via dedicated support roles over the system .either direct connection to some specific server processes | Different packages are offered depending on the IT staff available and business criteria. | Dedicated GUI for pair trading business |
| INDATA Precision Trading - Part of the IMS Suite of Products Sylvia Morgan 858-847-3000 sylvia@indataweb.com www.indataweb.com | Precision Trading, INDATA's broker and network-neutral OMS, links traders with portfolio managers, executing brokers, compliance and back office staff in real-time, resulting in error-free trading. Precision Trading is part of the IMS Suite of products. The system is available as an in-house or ASP solution with full technology outsourcing. | Portfolio Modeling, Compliance, & Analytics: • Robust portfolio modeling & rebalancing, comprehensive “what-if” analysis across asset classes • Multi-security swapping features along with condition “if/then” order generation • Multi-currency, multi-asset (equities, fixed income, international) including extensive tools for short strategies and 130/30 fund management. • Tax lot tracking tools for tax-efficient portfolio management and trading strategies • Efficient family and group trading capabilities. • Fully integrated analytics including risk, attribution, fundamental data, etc. Real-Time Pre & Post Trade Compliance: • Real-time pre and post trade compliance monitoring including regulatory compliance (i.e. Investment Company Act of 1940) • Easy to use Compliance Wizard for rule setup & maintenance • “What if” scenario for compliance rules & real time checks • Easy rule customization Electronic Trading: • Links traders with portfolio managers, executing brokers and back office in real-time, resulting in error-free trading • Handles automated directed brokerage and step-out creation • Real-time blotter analytics with complete integration of live pricing and analytical data from 3rd party providers and other EMS functionality including effective program and list trading tools. • Extensive connectivity with established algorithmic trading providers and dark pools • Integration with third party TCA (Transaction Cost Analysis) Providers • Connectivity with all major ECNs • Electronic order routing via FIX including allocations and IOIs • Extensive commission tracking and reporting capabilities | Real-time data and analytics available directly within the system. Yes, Precision Trading is one of a select few broker neutral products and the only true network neutral solution within the space. Unlike other providers, INDATA doesn’t “take a toll” from brokers by maintaining it's own FIX network. | Yes. Most major EMS solutions within the marketplace. | FIX connectivity, API, | All FIX versions supported (i.e. 4.4). | All major asset classes supported both domestic and international (i.e. equities, fixed income, cash instruments, futures, options, derivatives). Long/Short | Fixed Income/Derivatives: • Handles all fixed income security types, specialized trading modules for mortgage/asset backed and cash management (i.e. commercial paper, money markets, etc.) interest rate swaps, credit default swaps. | Annual Recurring Fee that includes software updates and new version releases. In addition, other professional services available (customization, training, etc.) for an hourly fee. Precision Trading pricing is competitive with other OMS vendors. All version upgrades are included in the client agreement with no additional costs. In addition, INDATA maintains a full services offering that allows OMS clients to outsource their system administration. | Yes. | Interfaces include Advent Axys, Advent APX, GIM 2000, Pacer, PORTIA, CheckFree Security APL, FIN, All SunGard (PORT, Portfolio One, etc.) all Trust Accounting systems from SunGard (AddVantage, Charlotte, etc), SEI, InfoVisa and most other industry portfolio accounting systems. | Yes, in addition to a full service DR offering based on a real-time environment. | The range of assets under management is from $50 million to over $100 billion. The typical client is a buy-side asset management firm with a blend of institutional, taxable accounts, mutual funds, and hedge funds. INDATA has a number of clients who use the system for the trading of international securities and also has clients that use the product exclusively for fixed income trading. | Ongoing enhancements to underlying functionality. |
| Investment Technology Group (ITG) ITG Triton X™ 212.444.6300 info@itg.com www.itg.com | ITG Triton X is a multi-asset class enterprise order and execution management solution that combines portfolio management, compliance, global FIX routing, and post-trade applications with market-leading execution management capabilities. | V 1 integrates the full OMS capabilities of Macgregor XIP ™ w/the EMS capabilities of Triton®. Traders can operate from either or both blotters. Optional FIX network, compliance monitoring and post-trade processing. | Direct, broker-neutral access to global displayed and hidden markets. Tools to improve decision making, automate execution strategies, effectively manage orders, and analyze performance. List and single stock capabilities. | In Version 1 of ITG Triton X, the Macgregor XIP OMS integrates with a variety of leading EMSs. | FIX connectivity, API, SOA, A variety of Windows programming languages (C++, .Net, Python, Visual Basic) can be used to write custom operations or execution strategies. ITG Triton X Version 1 supports the integration of a range of third party applications. | ITG Triton X supports FIX 4.0 and FIX 4.2 through use of ITG Net. Futures and Options trading is available. | Predominantly Equities. The Macgregor XIP OMS was designed to support all security types including equities, fixed income, derivatives, and currency (hedging and settlement obligations). | Swaps, Bank Loans and Option Straddles are included. Can provide custom tickets to match client requirements for various derivatives and can continuously provide targeted derivative functionality that matches client’s trading requirements. | The account is transferred to the support desk where clients can ask about software functions or to troubleshoot a problem (included in license fee). Additional services (i.e. Consulting, upgrade assistance, professional services) are on a time and material basis. | Yes | Advent Axys, Advent APX, VPM, Citco, IFS, Tradar, State Street, and Quasar accounting and admin interfaces. | ITG Triton X supports multiple methods of configuration of the OMS for Disaster recovery\ Business Continuity scenarios. These involve client hardware deployment and network choices so as to enable varying levels of recovery. | Hedge and traditional asset management firms ranging from $1 Billion - >$500 Billion AUM. | Version 2 will introduce a new, modern OEMS architectural platform (replacing all legacy Macgregor XIP components) and new functionality and performance enhancements. Version 3 delivers a standalone enterprise OEMS with integrated portfolio management and operations tools. |
| Kolachi Advanced Technologies XTreme Tameem Qazi 92-21-5843259 tameem@kolachi.net http://xtreme.kolachi.com | A comprehensive order and execution management suite built for both buy-side and sell-side clients having complex, high-end customization needs. Automates the entire order flow from buy side order sending, to sell-side order receiving, and post-trade settlement. | -Complete Order Management System. -FIX Connectivity. -Straight Through Processing (STP). -Multi-market & Multi-currency. -Front, Middle and Back Office Functionalities. -Comprehensive Risk Management. -Prime Broker Connectivity. -Live Price Feeds. -Extensive Reports and Statistics. -Complete Audit Trails. -Integration with 3rd Party Systems. -Support for Multiple Departments. -Revenue Tracking Against Budgets. | Yes. XTreme is broker neutral. | FIX connectivity, API, | 4.0, 4.1, 4.2 | Predominantly Equities, | hourly | Yes | SME | Confidential | ||||
| Linedata Services LongView Trading Jon Symonds 617-912-4861 NASalesInfo@na.linedata.com www.ldsam.com | LongView Trading is a global, multi-asset OMS designed for portfolio managers, traders, compliance officers and operations personnel. The system provides portfolio modeling, electronic trading, pre and post-trade compliance and unparalleled liquidity access. | LongView Trading offers advanced trading tools in addition to portfolio modeling, extensive electronic trading capabilities and compliance functionality. Linedata’s scalable architecture and open relational database technology support single database 24x7 global trading and straight-through processing by providing seamless integration with accounting systems, settlement, data vendors, execution venues, and other third-party applications. | LongView can be deployed with EMS functionality including market data, full electronic liquidity access to over 300 broker destinations and with the LongView Live application which provides advanced trading tools and brings the data visualization necessary for traders to quickly act in the market. Linedata is broker neutral. | Linedata Services has integrated with all of the broker sponsored EMS platforms and is in production environments with all of the major EMSs. | FIX connectivity, | Linedata has a robust FIX interface for electronic trading which supports all versions of FIX (4.0 through 4.4) as well as all asset types: Equities, Futures, Options, Foreign Exchange, and Fixed Income products. Also, LongView has a customizable file based export/import to communicate trades as needed. | LongView Trading supports the full range of securities across the major asset classes: Equities, Fixed Income, Mortgages, Money Markets, Foreign Exchange, Funds, Options, Futures and Swaps. | Examples of specific derivative types supported by LongView Trading include: Futures and Options (globally listed and OTC), barriers, spreads, straddles, covered writing, collars, Asian, and Australian. | Software maintenance provides clients access to support and a dedicated named relationship manager. Additional enhanced service offerings are available and structured to meet the needs of individual clients. | Yes, LongView Trading supports all global and multi-currency securities. | Linedata is agnostic when it comes to supporting interfaces to accounting packages because of the ease in creating the appropriate file formats. Common systems supported are Linedata’s (MFact and FundManager) in addition to solutions from Eagle, SunGard, SEI, Advent, Thomson, Checkfree (ALP and GIM) and Princeton. All interfaces to accounting packages can be run in a batch, intra-day or real-time. Linedata can supply a more comprehensive list if needed. | Full business redundancy is provided through our ASP providing failover support for clients complete with the same configuration and services they use in their regular production environment. Deployed clients can configure the system and back-up by user or user profile in the format that best meets their needs. | One half of our clients represent the largest institutional asset management firms in the world including 10 of the top 25 asset management firms as measured by assets under management and some of the most actively trading firms in the world. Linedata Services has a growing client base in mid-sized asset management firms and hedge funds through our ASP environment. LongView Trading is also present in a significant number of large wealth managers including firms with in excess of 100,000 accounts and 300+ concurrent users on a single database instance. Linedata Services has experience supporting the following types of firms: In-house discretionary/non-discretionary, SMA, WRAP, Private Wealth, Institutional, Hedge funds and Mutual Fund clients. | Future enhancements include added security coverage, improved usability, audit, workflow and user interface, increased throughput, expanded portfolio management capabilities, and preparation for growth ,scalability and support for Linedata’s ASP and service businesses. |
| Neovest Neovest Sales 800-433-4276 sales@neovest.com www.neovest.com | Neovest’s OMS capabilities are built on its comprehensive broker-neutral, multi-asset EMS. Neovest provides FREE, seamlessly integrated OMS capabilities for hedge fund clients wanting to streamline their workflow and improve ease-of-use. | Position management, portfolio optimization/rebalancing, sector rollups, risk monitoring tools, allocations, staged orders, real-time P&L, IOIs, shared blotter, seamless ETB/HTB integration, confirmation & settlement, multi-prime/clearing (20+ firms), custom reports, OATS/OTS/TAG reporting, middleware integration, Oasys integration | Neovest provides ultra low-latency real-time market data and DMA for global markets, algo routing to over 25 full algo product suites, over 40 dark pools/crossing engines, over 300 brokers, complete real-time market depth, options chains & greeks, 4-leg options tickets, analytics (pre- and post-trade), algo analytics charting, AlgoGenetics/Blacklight, order action buttons, level-1, custom fields, idea generation, time & sales, charting & technical analysis, advanced alerts, news, fundamentals, ticker tapes, and fundamentals. | Neovest is capable of receiving and processing two-way FIX messages from any FIX capable EMS. | FIX connectivit | Supports multiple 4.x | Multi-asset; predominantly equities and options. | Installation and ongoing support pricing is free. Neovest is provided in an ASP model, eliminating the need and costs associated with on-site FIX engines, databases, and circuit management to dozens of counter parties. | Yes | Yes | The OMS capabilities are great for small, medium, and active large hedge funds. The EMS features cover global buy-side clients. | 2009 marked Neovest’s 25th anniversary of providing robust, innovative, industry leading enhancements. For more information, please contact a Neovest representative at (800) 433-4276. | ||
| Portware Portware OMS Sales 212-425-5233 sales@portware.com www.portware.com | Portware OMS is a highly flexible multi-asset order management system designed for today’s dynamic marketplace. Portware OMS offers a full suite of position, risk management and reporting tools that optimize workflow processes on trading desks worldwide. | Portware OMS was designed specifically to address the needs of complex, multi-tiered account structures. As a result, portfolio managers, traders, and back and middle office personnel can view and act on information in ways that are simply not possible with traditional OMS's. Portware OMS offers a complete order management solution, including risk management, portfolio management and modeling (portfolio optimization, "what-if" scenarios, real-time P&L, cash management, performance measurement, etc.), pre- and post-trade compliance, allocations, reporting, and commission management. All of these functions can be easily customized to meet firms' internal workflow, compliance and platform integration needs. | Portware OMS integrates seamlessly with Portware Enterprise, Portware's award-winning global execution and trade management solution for equities, futures, options and FX. The combination of Portware Enterprise and Portware OMS gives firms a truly comprehensive trading and workflow solution that spans the front, middle and back office. | Yes, Portware OMS can be easily integrated with third party EMS's. | FIX connectivity, API, SOA, | 4.2 | Portware OMS support global equities, futures, options and FX. | Portware supports all global listed derivatives natively, and can be configured to manage OTC derivatives via add-on modules. | There is no trailing maintenance fee associate with Portware OMS, nor is there a fee for any ongoing support and product maintenance. Fees are only assessed for custom development work or non-typical product buildout. | Portware OMS can be deployed in any global market and supports all global security types. | Portware OMS can integrate with any third-party or internal accounting system. | Yes, Portware OMS can be configured to address any type DR plan or backup deployment scenario. | Portware OMS is designed for any buy-side firm that is seeking a streamlined, flexible and highly scalable position and order management solution. The core technology on which Portware OMS was built is the same as that of our award winning trade management and execution platform, Portware Enterprise. As a result, Portware OMS' underlying technology architecture is extremely flexible, which in turn means that it can be deployed in a fraction of the time it would take to deploy a traditional OMS. More importantly, it makes the system essentially future proof, since Portware OMS can be customized and updated in real-time and can easily interface with any current -- or future -- application, data feed or other trading related module. | Portware is continually updating and refining its suite of products, including Portware OMS. We work closely with our clients to gain insight into their emerging needs and business requirements. |
| Portware Portware OMS Sales 212-425-5233 sales@portware.com www.portware.com | Portware OMS is a highly flexible multi-asset order management system designed for today’s dynamic marketplace. Portware OMS offers a full suite of position, risk management and reporting tools that optimize workflow processes on trading desks worldwide. | Portware OMS was designed specifically to address the needs of complex, multi-tiered account structures. As a result, portfolio managers, traders, and back and middle office personnel can view and act on information in ways that are simply not possible with traditional OMS's. Portware OMS offers a complete order management solution, including risk management, portfolio management and modeling (portfolio optimization, "what-if" scenarios, real-time P&L, cash management, performance measurement, etc.), pre- and post-trade compliance, allocations, reporting, and commission management. All of these functions can be easily customized to meet firms' internal workflow, compliance and platform integration needs. | Portware OMS integrates seamlessly with Portware Enterprise, Portware's award-winning global execution and trade management solution for equities, futures, options and FX. The combination of Portware Enterprise and Portware OMS gives firms a truly comprehensive trading and workflow solution that spans the front, middle and back office. | Yes, Portware OMS can be easily integrated with third party EMS's. | FIX connectivity, API, SOA, | 4.2 | Portware OMS support global equities, futures, options and FX. | Portware supports all global listed derivatives natively, and can be configured to manage OTC derivatives via add-on modules. | There is no trailing maintenance fee associate with Portware OMS, nor is there a fee for any ongoing support and product maintenance. Fees are only assessed for custom development work or non-typical product buildout. | Portware OMS can be deployed in any global market and supports all global security types. | Portware OMS can integrate with any third-party or internal accounting system. | Yes, Portware OMS can be configured to address any type DR plan or backup deployment scenario. | Portware OMS is designed for any buy-side firm that is seeking a streamlined, flexible and highly scalable position and order management solution. The core technology on which Portware OMS was built is the same as that of our award winning trade management and execution platform, Portware Enterprise. As a result, Portware OMS' underlying technology architecture is extremely flexible, which in turn means that it can be deployed in a fraction of the time it would take to deploy a traditional OMS. More importantly, it makes the system essentially future proof, since Portware OMS can be customized and updated in real-time and can easily interface with any current -- or future -- application, data feed or other trading related module. | Portware is continually updating and refining its suite of products, including Portware OMS. We work closely with our clients to gain insight into their emerging needs and business requirements. |
| SunGard Brass John Krog 201-499-6094 john.krog@sungard.com http://www.sungard.com/financialsystems/products/brassoms.aspx | Brass OMS provides an enterprise-wide direct market access and market making toolset along with a suite of automation, reporting and compliance tools, providing traders with one system for multi-asset trading in over 100 markets worldwide. | An integrated trade and order management solution suite supporting Nasdaq, listed, listed market making and sales trading, Brass serves market makers, institutional brokers and traders working in a variety of roles. - Brass OMS provides enterprise-wide Direct Market Access and a market making tool set through Broker Direct U2. - Accesses global trading destinations through three proprietary networks; Brass' BNET, GL Trade's GNET and the SunGard Transaction Network (STN) - Offers a suite of automation, reporting and compliance tools - Integrates SunGard and third-party trading solutions to improve investments. - Provides algorithmic trading strategies with straight-through processing - Compares incoming data and monitors trades in real-time. - Manages compliance obligations. | Proprietary smart agents that manage orders to dark and displayed markets in the broker's name or on a sponsored basis. As neutral provider, Brass' sell-side customers select the brokers and exchanges they choose to do business with. | Yes. | FIX connectivity, API, | FIX 4.2 | The Brass OMS system is designed for global equities and US listed options. | Yes, for US listed options. | SunGard Brass has tailored & dedicated customer support for all clients included as part of the service. Accounts have named client service representatives. Accounts also have the option for dedicated resources. The Brass customer service team has on average 16 years of direct trading experience and extensive experience in architecting and implementing large complex trading solutions and system integration initiatives. | Yes. With Brass International Trading, customers have access to U.S. and foreign markets from a single order blotter, allowing traders to focus on trade execution and customer communication. Brass has order and trade capture capabilities for over 99,000 equities traded on exchanges in 122 countries. Features include real-time market data for 26 major markets, context sensitive symbol lookup by company name, CUSIP, SEDOL, ISIN or Brass stock symbol and comprehensive trading strategies for the domestic Canadian markets, with real-time level II market data. | As a sell-side OMS, Brass intergrates with the leading back-office solutions, e.g., Phase3. | Yes. Brass has an ASP virtual server delivery model which helps eliminate a firm’s infrastructure, and reduce implementation time and maintenance costs. It uses business critical, virtual infrastructure technologies with no hardware requirements, providing customers with go-live capability of four weeks, on average. This "light" version offers customers flexibility and the ability to customize to their requirements and helps customers reduce costs, worry less about infrastructure and focus on revenue drivers that can increase profitability. It’s ideal for businesses with satellite offices or can be used as part of an organization’s contingency plan. | Brass OMS caters to sell-side broker/dealers in the US and Canada. | Brass OMS caters to sell-side broker/dealers in the US and Canada. |
| ULLINK UL ODISYS Vincent Le Maire +33 (0)1 49 95 30 00 sales@ullink.com www.ullink.com | Allows Front Office teams to work in cooperation; connect existing tools, display multiple source data, share global order books, publish IOIs, and manage client/market orders from a user-friendly interface. | Provides a full range of possibilities in terms of execution, users can split orders and release them to multiple destinations such as: -An Internal Execution Desk -An External Execution Desk -An Internal Algorithmic Engine -A Broker -An algorithmic engine through a Broker -Our Best Execution Engine -Local gateways to Exchanges -External Gateways to Exchanges | Offers an extensive library of ready-to-trade plugins (connectors), which gives immediate access to over 350 different destinations, including brokers, buy-side institutions, trading applications and order management systems, Exchanges, MTFs, and a many other industry-favourite venues. It is broker neutral. | The UL ODISYS Order Management Systems aim at three objectives: to replace paper tickets used in trad¬ing rooms with electronic tickets, to manage client orders as objects , and to share information in real time between all users : sales, dealers and clients. It also offers routing between any user/desk around the globe and features “follow the sun” technology that allows for order placement across time zones. | FIX connectivity, API, | All versions of FIX: from 4.0 to 5.0 | Equities and Derivatives | Futures, options, strategies, funds, bonds, fixed income | The modular license fees (dependent on OMS functionality) are all-inclusive as they also cover implementation, training, upgrades, maintenance, and consultancy. | Yes, the systems handle dictionary support as well as fungible instruments. | UL ODISYS provides integration to several major accounting systems including LDAP and Janus. | ULLINK’s UL ODISYS does not require a light version, as it allows the front end to recover automatically with a built in disaster recovery system. | ULLINK solutions are modular, scalable, vendor-neutral trading environments that can be custom-fit to any firm’s (no matter the size)needs. | Embedded algorithms, external algorithm monitoring and foreign exchange derivative support are all part of UL ODISYS’ upcoming enhancements for tomorrow’s competitive marketplace. |
