Role of the OMS and EMS

As I said, given the technological development of the trading landscape over the last few years, OMS are critical to cope with the highly fragmented today’s market structure and to minimize  inefficiencies and risks connected with the trading process, with potential for an enhanced price discovery process and better quality of execution.

EMS (Execution management System) are key to enhance the execution functionalities of the OMS, increasing the percentage of trading volume executed electronically, enhancing traders’ capability to source liquidity from all available sources, from low touch and DMAs to algo trading and dark pools and to make that choice with the speed that today’s trading environment requires. The latter is critical when you have trading volumes in excess of 500 bil Euro yearly across all asset classes with a huge variety of requirements and criteria in terms of how best to achieve best execution.