Order Management System - OMS

What Does Order Management System - OMS Mean?
An electronic system developed to execute securities orders in an efficient and cost-effective manner. Brokers and dealers use OMSs when filling orders for various types of securities and are able to track the progress of each order throughout the system.

Investopedia explains Order Management System - OMS
OMSs are an important development in the securities industry because of the significant cost savings they provide to investment firms. Many versions of OMSs have been developed by various firms looking to capitalize on the increased spending made on these systems.

Filed Under: Brokers

Related Terms

Broker
Broker-Dealer
Dealer
Order
Payment For Order Flow
Small Order Execution System - SOES
Trade
More Related Terms

Related Links

The Basics Of Order Entry - Taking control of your portfolio means knowing what orders to use when buying or selling stocks.
Understanding Order Execution - Find out the various ways in which a broker can fill an order, which can affect costs.
The Nitty-Gritty Of Executing A Trade - Ever wonder what happens behind the scenes when you buy or sell a stock? Read on and find out!
Electronic Trading Tutorial - Learn about the systems that run the market. Topics include market makers, specialists, SuperDOT, ECNs, SOES, Level I, II, and III Access, and more.
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