Sell-side Execution Management Systems (SSEMS)

VENDORMATCH

Sell-side trading and execution management systems and solutions listed in our vendor directory. Use our research platform to evaluate leading sellside broker trade execution management software EMS vendors. The guide provides detailed analysis and comparison of key functional capabilities to support sell side trading desks, click trading, basket trading, program trading, electronic trading, algorithmic trading, best execution and FIX trading.
  • PROactive™ Broker is a retail and private client stockbroking, fund management and custody solution, and a market leader in the UK. Its fully int…
  • MaxxTRADER is a white label trading system for sell-side institutions operating in the foreign exchange markets. Designed to allow institutions t…
  • Options Trading Order/Execution Management System Derivix-SM is our options trading order/execution management system for sell-side institutions…
  • FlexTRADER is our flagship solution, fully customizable EMS offering you pre-defined trading strategies and tactics for both portfolio and single…
  • Caplin Direct is a breakthrough in FX e-distribution. Delivered as a hosted, managed service, it is designed for banks that want a custom FX sing…
  • ULTRA-FLEXIBLE, MULTI-ASSET TRADE MANAGEMENT SOLUTION FOR ORDER ENTRY, RISK, COMPLIANCE AND REPORTING.
  • Quicker, easier, more automated – Fidessa's solutions manage the entire trading life cycle from end to end, and can be packaged to suit you, what…
  • Bloomberg Sell-Side Execution & Order Management Solutions (SSEOMS) offers an integrated suite of solutions for idea generation, liquidity manage…
  • For brokerage houses, Horizon Broker enables dealing desks to handle from multiple customers through various media such as FIX, phone, files or o…
  • TradePlus is TradingScreen's comprehensive investment solution for the sell side, offering everything from connectivity and order management, to…
  • Orc Tbricks Automated Trading is the premier platform for creating high-performance automated trading strategies, empowering firms with accelerat…
  • AxeTrader AxeTrader supports price quoted, yield quoted and discount quoted fixed income and floating rate notes, bills, and bonds, as well as…
  • AS a trading platform provider X Open Hub created the complete, multi-asset trading platform for your brokerage. The platform is empowered with M…
  • Bloomberg Trade Order Management Solutions (TOMS) provides fixed income sell-side firms the capabilities to efficiently manage inventory, risk, P&…
  • With the Order & Trade Suite, SLIB offers a wide range of solutions to support all your trading activities, whether for your own account, for ins…
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EVALUATING SELLSIDE EXECUTION MANAGEMENT SYSTEMS (SSEMS)

Sell-side execution management systems for equities and listed derivatives trading are dominated by the need for greater operational efficiency and achieving better execution for clients. The overarching principle is one of automation of the trading activities - when, where and how the order is executed.

There are two families of software solutions for the Sellside:

  1. Execution Management Systems (EMSs)
  2. Order Management Systems (OMSs)

This section deals with Sellside Execution Management Systems (EMSs)

SSEMS are used by brokers to access electronic markets and achieve the best executions for their clients, increasingly in combination with advanced, automated and algorithmic trading strategies and smart order routing.

High volume and specialist traders suffer from the associated limitations of a combined EMS / OMS (EOMS) and separate best-of-breed- OMS and EMS systems tend allow more control and refinements in the trading process.

KEY FUNCTIONALITY

Celent's VendorMatch's SSEMS survey reviews the following key functionality:

  • Trade capture
  • Click Trading
  • Basket Trading
  • Programme trading
  • Electronic Trading
  • Send waves
  • FIX enabled
  • Trade Status / Fill %
  • Support full range of order types
  • IOIs Supported
  • Direct orders to destination
  • Automated routing
  • Time in Force Orders
  • Direct Market Access (DMA)
  • Deliver bid and ask to specified 'channel' of distribution
  • Algorithmic trading
  • Broker algorithms supported
  • Build trading algos on the fly
  • Quick trading buttons
  • Explain the process for adding a new broker algorithm
  • Trade blotters
  • Sort blotters
  • Filter Blotters
  • Real-time trade blotter
  • Best bid and offer for each order
  • Aggregate trades
  • Future rolls
  • Order Book Passing
  • Integrated market data
  • Alerts of crossing opportunities
  • Explain any 3rd party connectivity / transaction fee
  • Broker neutral platform
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