While IT spending in the OMS market will remain relatively flat in 2009, vendors with strong foundations in key areas will find themselves in a strong competitive position.
A new report from Aite Group, LLC examines the key trends and IT spending projections in the buy-side OMS market, and profiles a select group of leading OMS vendors: Advent, Charles River, Eze Castle, Fidessa LatentZero, INDATA, ITG, Linedata, and SunGard.
Over the years, the OMS platform has continued to evolve. Recently, the concept of an OMS has expanded to include basic portfolio and compliance management to access real-time data, and, in certain cases, advanced execution management functionality. Today, only a few vendors are still sticking to their traditional OMS focus and partnering with EMS vendors. The majority of the vendors have opted to either build EMS functionality on top of their OMS architecture, or go down the extremely difficult path of truly integrating an EMS with OMS. Likewise, support of multiple asset classes has become the norm for OMS vendors, as has expansion outside of North America in search of new clients and opportunities.
"The evolution of the buy-side OMS market will continue in 2009, but at a slower pace," says Sang Lee, managing director with Aite Group and this repauthor of ort. "A great deal of resources have already been committed by the vendors to make the next generation of multi-asset class platforms faster, more flexible, global in scope, and scalable. As the market enters what looks be a very difficult year, vendors that have built the foundation for the next-generation platform find themselves in the enviable position of future growth."
This 51-page Impact Report contains 27 figures and five tables. Clients of Aite Group’s Institutional Securities & investments service can download the report at the Aite Group web site.
