Boston, March 14, 2011 – A new report from Aite Group examines key market trends impacting the global execution management system (EMS) competitive landscape, and profiles leading independent EMS vendors. The report predicts a difficult road ahead for independent EMSs, which must meet evolving client and market demands in order to survive.
As markets recover from the credit crisis, client demand for execution management systems is also gradually recovering. The situation remains difficult, however, for the independent EMSs that lack the high level of resources and captive client base enjoyed by broker-owned EMSs. Clients continue to demand additional functionality, and growing complexity in market structure and regulatory uncertainty across the globe are heightening pressure on the development roadmaps of independent EMS vendors. On top of this, competition is increasing from broker-owned EMSs and traditional OMS vendors that are developing their own EMS functionality or have successfully integrated existing EMSs at the code level.
“As the market evolves, independent EMS vendors with long-term aspirations have no choice but to innovate and evolve along with the marketplace, adding capabilities for multiple asset classes and global markets,” says Sang Lee, managing partner with Aite Group and author of this report. “The EMS competition is not a sprint, but a marathon. Vendors that are able to manage their client priorities correctly and focus on realistic, short-term tactical wins will be in a great position for long-term growth.”
The report profiles and provides product information on independent EMSs offered by Bloomberg, Fidessa, FlexTrade, InfoReach, Portware, RealTick LLC, SunGard, Tethys, Thomson Reuters, TradingScreen, and UNX.
This 64-page Impact Report contains 28 figures and seven tables. Clients of Aite Group's Institutional Securities & Investments service can download the report.