Order Management System - OMS


DEFINITION of 'Order Management System - OMS'

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.

BREAKING DOWN '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.

  1. Dealer

    A person or firm in the business of buying and selling securities ...
  2. Broker-Dealer

    A person or firm in the business of buying and selling securities, ...
  3. Small Order Execution System - ...

    A computer network that automatically executed trades in Nasdaq ...
  4. Broker

    1. An individual or firm that charges a fee or commission for ...
  5. Trade

    A basic economic concept that involves multiple parties participating ...
  6. Order

    An investor's instructions to a broker or brokerage firm to purchase ...
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