[ 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 : Respondent profile
23 % Other ( Technology , Operations , Support )
Portfolio manager
20 % Head of Trading
4 % 9 %
44 % Trader
CEO , CRO , CTO , COO
Figure 3 : Most important features Feature |
2024 |
2023 |
2022 |
Ease-of-Use |
68.01 |
67.97 |
67.94 |
Client service |
44.42 |
43.75 |
40.03 |
No . of Connections to Different Brokers |
38.94 |
39.65 |
40.86 |
Connectivity and Integration |
37.29 |
45.51 |
40.37 |
Integration with OMS |
34.73 |
30.66 |
33.89 |
Breadth of Agorithmic Trading Options |
29.62 |
26.95 |
27.57 |
Breadth of Direct Connections to Venues |
29.43 |
22.85 |
23.92 |
Timeliness of Implementing Updates |
27.79 |
29.49 |
26.25 |
Low Latency |
23.03 |
19.73 |
24.75 |
Global Coverage |
21.57 |
22.27 |
22.26 |
Breadth of Asset Class Coverage |
19.74 |
25.98 |
22.76 |
FIX Capabilities |
12.43 |
13.67 |
13.46 |
the lowest score in this year ’ s survey followed by overall cost of operation ( 5.65 ). Product development also experienced the largest year-on-year decrease ( -0.14 ) as buy-side respondents continue to seek innovation from their solution providers . While most categories saw minor changes to their average scores in this year ’ s survey , the largest increases were seen in ease of integration to internal systems (+ 0.08 ) and breadth of asset class coverage (+ 0.03 ). The increase in ease of integration to internal systems is significant given that last year this category was the lowest rated category overall . This also plays into the ongoing trend of buyside firms looking to more efficiently integrate their front-to-back transactional systems . The TRADE focuses its survey ’ s profile on buy-side respondents with hands on experience with 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 , traders ( 44 %) and heads of trading ( 20 %) once again made up the majority of respondents ( Figure 2 ). Those intimately involved in the trading process often hold the authority on which EMS to use , making them an ideal audience for this survey . The next largest group comprised of those in other roles ( 23 %) including technology , operations and support , who like traders , also offer unique insight into how these systems are working within their respective buy-side firms . Respondents were asked to select up to four of what they find to be the most important features of their EMS ( Figure 3 ) and , staying on trend with prior years , most respondents ( 68 %) named ease-of-use as the most important feature of their EMS . This was followed by post-implementation client service at 44.4 %, number of connections to
82 // TheTRADE // Q3 2024