Nearly half of buy-side firms across Europe and the US are considering changing their OMS and EMS trading platforms, according to a study by research firm TABB Group. Survey respondents cited their desire to consolidate front-office systems and the pursuit of enhanced performance as the main drivers for changing systems.
The study, “OMS or EMS? The Buy-Side Perspective on Selection and Convergence”, reports that global spending on equity-focused OMSs and EMSs has declined 13% and 11% respectively since 2007.
“The days when growing asset bases resulted in an abundance of commissions – and investment banks could provide trading applications for free – are coming to an end,” said Kevin McPartland, senior analyst at TABB. He added that instead of selecting all and any systems, “In 2009, consolidation is the trend.”
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