New York, NY, USA
June 25, 2004
Asset Management Trade Order Management Systems
Update 2004
Report Published by Celent
Celent predicts that global IT
spending on buy-side order management systems will reach US$168 million by
2007.
In a new report, "Asset Management Trade
Order Management Systems Update 2004," Celent examines the
buy-side OMS marketplace. The report identifies the major trends, and
profiles the leading players.
Adoption of order management systems is highest
among large financial institutions, and these firms frequently have more
than one solution installed. Multiple solutions are the result of legacy
systems, acquisitions, varying demands on trading in multiple asset
classes, and firm preferences. Small to medium-sized firms are likely to
hold off on rapid adoption until industry standards solidify, and the
prices of order management systems lower due to an increasing number of
providers. Figure 1 shows new IT spending on Trade Order Management
Systems, which should reach US$168 million by 2007.
"In the United
States and the UK, there are over 9,000 registered investment advisors,
and only 1,500 have bought OMS systems from leading providers. A
significant number do not generate the trading volume to warrant the
purchase of an order management system," said Denise
Valentine, a Celent analyst and author of
the report. "Interdependency in the industry is such that true
automation of trade execution and settlement requires greater
participation in the trading network."
Vendor Firms and Their Trading
Solution
| Firm |
Product
Name |
| Advent
Software |
Moxy |
| Charles
River Development |
Charles
River IMS |
| DST
International |
Hilnvest |
| Eze
Castle Software |
Traders
Console |
| Financial
Models Company |
FMCModel,
FMCTrade |
| INDATA |
Precision
Trading |
| Latent
Zero |
Capstone |
| Linedata
Services |
LongView
Trading |
| Macgregor |
XIP |
| SS&C
Technologies |
Antares |
| SunGard
Investment Management Systems |
Decalog |
| Thomson
Financial |
Oneva
Trade EQ |
| Source:
Vendors |
Although the journey
continues to be a slow one, trade industry protocols are moving toward
standardization, and asset managers chip away at internal straight-through
processing. In the regulatory environment of today, which calls for
greater transparency and stricter, documented internal controls, improved
technology in the front-office is a logical conclusion," said
Valentine.
A Table
of contents is available
online.
|
