Agency broker and trading technology company ITG has created linkages between its Triton execution management system (EMS) and Macgregor XIP order management system (OMS) to help buy-side institutions to streamline their trading and execution workflows.
EMS and OMS systems are typically only linked via a FIX connection, but the new ITG integration will also allow traders to import order lists from the OMS to the EMS. This will allow portfolio managers to enter orders into Macgregor XIP – including compliance instructions and broker restrictions – which will show up instantly on the trader’s Triton front end.
In a recent study by consultancy TABB Group, integration of OMS and EMS functionality was identified as a key focus for the buy-side this year as they seek to simplify the trading desktop.
“Integration between EMS, OMS and the other systems that make up the complete trading lifecycle is the hottest issue for buy-side firms, and providers will need to work diligently to ensure inter-system connectivity is seamless and quick to implement,” said Kevin McPartland, senior analyst, TABB Group and author of ‘Buy-side OMS and EMS: Integration, Expansion and Consolidation’.