The TRADE 77 - Q3 2023 | Page 72

[ S U R V E Y | E X E C U T I O N M A N A G E M E N T S Y S T E M S ]

Figure 2 :

Head of Trading

Portfolio Manager

CEO , CRO , CTO , COO

Figure 3 : Most Important Features addressing the product and service needs of their buy-side clients over the past year . The highest rated service area recorded in 2023 was once again reliability and availability ( 6.38 ) which also notched up a significant 21 basis point increase from last year . Also scoring above a 6.0 – which equates to a rating of very good - was latency ( 6.20 ), FIX capabilities ( 6.20 ), breadth of broker algorithms ( 6.04 ) and client service personnel ( 6.03 ) categories . In contrast , ease of integration to internal systems ( 5.62 ) logged the lowest score in this year ’ s survey and was the only category in 2023 to not record an increase . Notably , ease of integration was also rated lower than product development ( 5.66 ), and as stated previously , reflects the broader frustration buy-side firms have integrating solutions and connectivity to liquidity into their internal eco-systems .

The TRADE focuses its survey ’ s profile on buy-side respondents with hands-on experience of trading technology . The mix of traders , portfolio managers and technology personnel provide a rich perspective on the use of EMS solutions and the impact on the overall front-office business . In this year ’ s survey

EMS 2023 EMS 2022

Feature

Integration with OMS

Ease-of-Use

Post-implementation Client Services

Global Client Coverage

Percentage of respondents

22.3 22.3

30.7 33.9

43.8 40.0

68.0 67.9

Low Latency

19.7 24.8

FIX Capabilities

Connectivity with Internal Systems

Timeliness of Implementing Updates

13.7 13.5

26.2

29.5

40.4

45.5

No . of Types of Algorithms Available

No . of Direct Connections to Venues

No . of Asset Classes Covered

No . of Connections to Different Brokers

22.9 23.9

22.8

27.0 27.6

26.0

39.6 40.9