Seattle, WA -- (SBWIRE) -- 11/04/2019 -- What Is an Order Management System (OMS)?
An order management system (OMS) is an electronic system developed to execute securities orders in an efficient and cost-effective manner. Brokers and dealers use order management systems when filling orders for various types of securities and can track the progress of each order throughout the system. An OMS is also referred to as a "trade order management system."
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The major players operating in this market, to have adopted these strategies are Handshake
The Benefits of an OMS
Many order management systems offer real-time trading solutions, which allows the user to monitor market prices and execute orders in multiple exchanges across all markets instantaneously by real-time price streaming. Some of the benefits that firms can achieve from an order management system include managing orders and asset allocation of portfolios.
An effective OMS is critical in helping with regulatory compliance including real-time checks of trades both before and after entry. Order management systems help compliance officers with tracking the lifecycle of trades to determine if there's any illicit activity or financial fraud as well as any regulatory breaches by an employee of the firm. An OMS can improve workflow and communication between portfolio managers, traders, and compliance officers.
Order management systems are an important development in the financial services industry because of the real-time monitoring of positions, the ability to prevent regulatory violations, the speed and accuracy of trade execution, and the significant cost savings that result.
Understand the demand for global Order Management System to determine the viability of the market.
Identify the developed and emerging markets where Order Management System services are offered.
Identify the challenge areas and address them.
Develop strategies based on the drivers, trends and highlights for each of the segments.
Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.
Recognize the key competitors of this market and respond accordingly.
Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
Define the competitive positioning by comparing the products and services with the key players in the market.
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