Mostly… fixed income and cross product eTrading

January 31, 2008

OMS order routing on the up

Filed under: etrading, Nuts and Bolts, OMS / EMS — holky @ 8:48 pm

WSJ says that leading asset managers — including AIG Global Investment Group, Deutsche Asset Management, Pioneer Investments, TIAA-CREF and State Street Global Advisors (SSgA) — have participated in an extensive trading survey to benchmark themselves against their peers;  and while the first survey conducted in 2006 examined risk, trade strategy, technology, organization, broker valuations, workflows, fixed income, speed and liquidity, for 2007 the hot topics were trading policy, trading strategy, broker valuation, technology and fixed income (“Everybody was pretty much in the same position with DMA [direct market access], speed to market and liquidity, so we minimized the effect of that and focused more on broker relations, where people wanted to spend their time”).

Results showed OMSs have improved is their ability to automatically route orders – with 80% of firms in 2007 saying they have the ability to automatically route orders from their OMSs to external counterparties, compared to less than 50% in 2006.

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