EMS vs. OMS: Fiction or Reality?

Report Summary

EMS vs. OMS: Fiction or Reality?

Overall spending on EMS and OMS added up to about US$1 billion by the end of 2006. Spending on EMS platforms, while still growing, accounted for about 18%. Total IT spending on EMSs and OMSs is expected to reach approximately US$1.2 billion by the end of

Sang Lee
Co-Founder and Managing Partner

Boston, MA, January 31, 2007 – According to a new Aite Group report, leading EMS vendors have taken advantage of the rapid adoption of DMA and algorithmic trading to create a profitable marketplace. However, intense competition has emerged from all directions in 2006 -- from broker/dealers, buy-side OMS vendors, and sell-side OMS vendors. In 2007, more industry consolidation is expected, especially as EMS vendors become even more attractive acquisition targets.

"In the end, the debate between EMS and OMS may become more of a fiction than a reality, as potential clients realize that 'independent' EMS vendors are harder to find than an un-conflicted broker service," said Sang Lee, Managing Partner with Aite Group.

This Impact Report examines some of the key market trends in the EMS vs. OMS debate and profiles leading EMS and OMS providers in the market. Specifically, this report focuses on products and offerings from over 30 platforms that target the algorithmic trading market. These platforms are examined under four categories: 1) independent EMS vendors; 2) broker-owned EMS platforms; 3) sell-side OMS; and 4) buy-side OMS.

This 93-page Impact Report contains 61 Figures and 9 Tables. Clients of Aite Group's Institutional Securities & Investments Services can download the report.

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