A new report, Move Over, Neighbor: EMS Establishes Residency on the Desktop, from Greenwich Associates, shows that no fewer than 70 percent of the 258 buy-side traders around the world surveyed for a recent study use third-party execution management systems (EMS). Fully 61 percent of the traders would prefer a comprehensive OMS/EMS platform.
Says Richard Johnson, vice president in the Greenwich Associates Market Structure and Technology Group “Traditional order management systems certainly provide the baseline capabilities to route orders via brokers’ algorithms but lack the additional controls and colour that give those active equities traders an edge. For that, buy-side traders are turning to EMS providers.”
The biggest beneficiaries are providers like Bloomberg and ITG, whose EMS platforms are claiming real estate on growing numbers of buy-side desktops, adds Greenwich Associates.