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Quantitative Finance · Begrippenlijst

Wat is Order management system, execution management system?

Ook bekend als: order management system · execution management system

Definition 20.1 Microstructure and Execution · Hoofdstuk 20 — The Buy-Side Trading Desk and Its Brokers

An order management system (OMS) holds the fund’s orders and positions from the portfolio manager’s decision to settlement: compliance checks, allocations to accounts, the record of what was ordered and done. An execution management system (EMS) is the trader’s screen for working orders: market data, brokers’ algorithms and direct market access, and the child orders and fills in real time.

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