
By Medan Gabbay, CRO at Quod Financial
Medan Gabbay
Order and Execution Management Systems (OEMS) are the most critical components for every sell side trading operation. But despite this, the industry has seen a noticeable lack of real innovation in this space. For sure we have seen better and faster algos, but the core function of maintaining state, routing orders for execution and sending the results back to buy-side clients really hasn’t changed. So much so that many market participants view their OEMS as little more than glorified Excel spreadsheets—outdated, inflexible, and impossible to change. Yet, with the abundance of
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