Boston, April 7, 2011 – A new report from Aite Group examines key trends impacting the broker-owned EMS market. The final in Aite Group’s series of three EMS/OMS reports, it profiles and compares some of the leading broker-owned EMS platforms.
Driven by global market structure changes and growing adoption of electronic trading, large brokers have been working aggressively to enhance the overall capabilities of their EMS platforms, including expanding their functionality into new regions and asset classes. In general, most brokers have opted to develop and maintain a multi-broker EMS platform, driven largely by clients that prefer to use a single solution to reach all of their broker partners on the electronic trading side. Leading drivers for broker-owned EMS adoption by clients include 1) cost, 2) global connectivity and access, 3) configurability and workflow simplification, 4) asset class and global coverage, 5) integration and implementation, and 6) customer service.
“While facing growing competition from independent EMS vendors and, in certain cases, OMS platforms, brokers have been able to leverage their core relationships as executing and prime brokers to attract clients,” says Sang Lee, managing partner with Aite Group and author of this report. “Brokers’ unique ability to bundle core execution services along with EMS platforms continues to provide them a competitive advantage.”
The report profiles and compares the following broker-owned EMS platforms: Bank of America Merrill Lynch InstaQuote, Convergex Liquidpoint Blaze, Goldman Sachs REDIPlus, Instinet Newport, ITG Triton, JP Morgan Neovest, Knight Direct, Morgan Stanley Passport, and UBS Pinpoint.
This 43-page Impact Report contains 10 figures and seven tables. Clients of Aite Group's Institutional Securities & Investments service can download the report.