BUY SIDE

Bloomberg tops buy-side OMS and EMS most used list

Bloomberg AIM and Bloomberg EMSX are most used by the buy-side, according to a Greenwich Associates report.

By Hayley McDowell hayley.mcdowell@strategic-i.com May 23, 2017 2:55 PM GMT

Bloomberg has topped a list of third-party order and execution management systems used by the buy-side.

A report from Greenwich Associates revealed Bloomberg’s EMS - Bloomberg EMSX -was the most used amongst buy-side traders, followed by Instinet and ITG.

Its OMS - Bloomberg AIM - was also the most used by buy-siders, followed by Charles River’s system and then EZE Software.

The poll of 270 buy-side traders also found the top request for OMS improvements was easier integration with other tools, cited by 54% of respondents.

This was also the top request for EMS improvements, cited by 41% of those polled, followed by 37% who stated better customisation.

The majority of respondents said they use third-party OMS and EMS systems, something the report said is unsurprising as building and maintaining those systems in-house can be costly.

Kevin McPartland, head of research for the market structure and technology unit at Greenwich, and author of the report, explained: “Vendor-provided solutions continue to become more customisable, ensuring that no two installations are alike.

“This means using the same provider as your competitor doesn’t remove a differentiator—the secret sauce can remain secret.”

He concluded despite more than two decades of development, OMS and EMS providers continue to fight hard to build their client base and innovate as quickly as the markets move.