Power Shift and the OMS

摘要

With the evolution of order-management technology and the proliferation of connectivity to electronic markets, the role of the buy-side trader is changing. "While buy-side traders have always been involved in the investment process, order management systems (OMSs) have empowered them to have more discretion and control over their orders," says Roger Petrin, senior principal and manager of global trading at State Street Global Advisors (SSgA), based in Boston. "It's been coupled with direct market access and algorithmic trading — we don't depend on the broker as much," he says. "The OMS adds a new dimension of independence to the buy-side trader."