Advances in technology, market automation, and increased global trading are driving enhancements in the power and scope of today’s EMSs.
Boston, MA, August 20, 2008 – A new report from Aite Group, LLC examines key market trends among independent and broker-owned execution management systems (EMSs). Products and services from 20 vendors and brokers that target users of high-speed, quantitative, electronic trading technology are profiled.
EMS technology continues to evolve to meet user demands. While the principal users of EMS technology have been hedge funds, private proprietary traders and broker/dealers, use by traditional asset managers has increased notably over the past 24 months. Key vendor considerations include expanding the range of asset classes supported and geographies covered by their systems. Most EMS solutions currently support global equities, options, futures and FX. Of those that do not, most plan to add that functionality by year-end 2008.
"Aite Group expects the EMS solution to continue as a distinct and growing segment of trading technology in the short- to medium-term," says Matthew Samelson, senior analyst with Aite Group and author of this report. "Improvements in underlying technology, increasing market automation and direct market access (DMA), continued algorithm development, and increases in quantitatively based trading will continue to drive developments in EMS technology for years to come."
This 76-page Impact Report contains 21 figures and four tables. It profiles independent execution management systems provided by Aegis Software, Bloomberg, FlexTrade, GL Trade, InfoReach, Orc Software, Portware, Tethys Technology, Inc., and TradingScreen, as well as broker-owned systems from Banc of America Securities, Goldman Sachs Electronic Trading, Instinet, Investment Technology Group (ITG), Knight Capital Group, Neovest (JPMorgan Securities), Townsend Analytics (Lehman Brothers), Merrill Lynch, Morgan Stanley, UBS and UNX.
Clients of Aite Group's Institutional Securities & Investments service can download the report.