In a new report entitled "Buy-Side Order
Management Systems: Automating the Front Office," Celent
examines the Buy-Side OMS marketplace, identifying major trends and
profiling the major players in the marketplace.
The investment management community has not been as
quick to adopt new technology because all but the very largest firms have
lacked the volume to support that investment. "This trend is
beginning to change. For the first time in approximately a decade,
buy-side firms are no longer producing double-digit returns for their
clients as a result of the deterioration of market conditions since the
spring of 2000. These firms are looking for new technologies to cut costs
and increase efficiency," according to Fritz
McCormick, author of the report.
A sign of this trend is rising interest in order
management systems. An order management system can instantly provide a
firm with an increased level of straight-through processing in the
front-to-middle office environments, enabling more efficient operations
almost immediately. Celent expects spending on these systems to reach
almost US $700 million by 2005.
This report discusses trends in the
order management marketplace, key features that a system must include, and
a thorough overview of the top players in the marketplace (as seen below).
|
Firm |
Product Name |
| Advent |
Moxy |
| Charles River
Development |
Charles River Trading
System |
| Eze Castle |
Traders Console |
| Indata |
Precision Trading |
| Linedata |
The Longview Trading
System |
| Macgregor |
The Macgregor Financial
Trading Platforms (MFTP) |
| SunGard |
Decalog Trader |
| Thomson Financial |
Oneva Trade EQ |
| Source:
Celent Communications |
"Celent believes this marketplace
is poised for continued growth, and we expect that growth to come from a
buy-side community that, for the first time in a great while, needs
technological tools to help increase efficiency, reduce costs and increase
their competitiveness as clients, grown wary of low returns, begin to seek
alternatives," says Mr. McCormick.
A Table
of Contents is available online.
