Trading teams should compare execution management systems based on order management, smart order routing, market connectivity, algorithmic trading, real-time analytics, compliance, risk controls, reporting, scalability, and cost.
- Bloomberg EMSX: Provides multi-asset execution, broker connectivity, trading analytics, and workflow management.
- FlexTrade EMS: Supports multi-asset trading, algorithmic execution, smart order routing, and broker connectivity.
- Fidessa: Provides multi-asset trading workflows, order routing, market connectivity, and execution management.
- Eze Eclipse: Offers order management, execution workflows, portfolio tools, and market connectivity.
- Charles River IMS: Combines order management, execution, portfolio management, compliance, and trading workflows.
- FactSet EMS: Provides execution management, trading workflows, analytics, market data, and broker connectivity.
- ION Fidessa: Supports electronic trading, order routing, market connectivity, and execution workflows.
- Trading Technologies: Provides multi-asset execution, algorithmic trading, market connectivity, and advanced order tools.
- Neptune: Supports fixed-income trading workflows, liquidity access, pricing, and execution capabilities.
- Portware: Provides algorithmic trading, automated execution, smart order routing, and multi-asset trading support.
Trading teams should also compare market connectivity, order types, smart routing, algorithmic execution, asset-class support, latency, risk controls, analytics, compliance, scalability, integrations, and total cost before selecting an EMS.