Buy-Side Order Management Systems: Automating the Front Office
| Boston, MA, USA January 29, 2003|
In a new report entitled " ," Celent examines the Buy-Side OMS marketplace, identifying major trends and profiling the major players in the marketplace.
The investment management community has not been as quick to adopt new technology because all but the very largest firms have lacked the volume to support that investment. "This trend is beginning to change. For the first time in approximately a decade, buy-side firms are no longer producing double-digit returns for their clients as a result of the deterioration of market conditions since the spring of 2000. These firms are looking for new technologies to cut costs and increase efficiency," according to Fritz McCormick, author of the report.
A sign of this trend is rising interest in order management systems. An order management system can instantly provide a firm with an increased level of straight-through processing in the front-to-middle office environments, enabling more efficient operations almost immediately. Celent expects spending on these systems to reach almost US $700 million by 2005.
This report discusses trends in the order management marketplace, key features that a system must include, and a thorough overview of the top players in the marketplace (as seen below).
of Celent Communications' Institutional Securities and Investments research service can download the report electronically by clicking on the icon to the left. Non-members should contact email@example.com for more information.
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].
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Table of Contents
|Boston, MA, USA January 29, 2003|
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