Execution management

Outsourced Trading26 Degrees Global MarketsOutsourced trading aimed at emerging hedge funds and family offices, with 24/6 coverage across 39 equity and 17 futures exchanges.Managed services Execution management Adroit EOMSAdroit Trading TechnologiesAPI-first execution and order management built for OTC-heavy buy-side desks trading fixed income, currency and derivatives.Execution management Order management Bloomberg AIM (Asset & Investment Manager)BloombergBuy-side order management covering order generation, trading, compliance and post-trade, tied to the Bloomberg terminal.Order management Combined OMS/PMS platforms Execution management+1Bloomberg EMSXBloomberg L.P.Bloomberg's multi-asset EMS, branded EMSX for equities, FXEM for FX and TSOX for fixed income, derivatives and futures.Execution management Order management Transaction cost analysis Bloomberg TerminalBloomberg L.P.Software system giving financial professionals real-time market data, news, analytics and trade execution; it debuted in December 1982.Market data Execution management Research management+1Outsourced TradingBNYDelivered through BNY Mellon Capital Markets, LLC and built on the internal xBK trading group; covers equities, fixed income, derivatives and FX.Managed services Execution management Charles River IMS (Charles River Trader OEMS)Charles River DevelopmentMulti-asset order and execution management inside a front-office investment platform; the vendor says about 300 investment managers in 30 countries trade on it.Order management Combined OMS/PMS platforms Execution management+2Charles River Trader (OEMS)Charles River DevelopmentCombined order and execution management across equities, fixed income, FX and OTC derivatives, with broker wheel and TCA.Execution management Order management Combined OMS/PMS platforms+1Charles River Trader managed FIX networkCharles River DevelopmentThe trading module of the Charles River platform includes a fully managed FIX network connecting buy-side desks directly to broker-dealers, algos and dark pools.FIX connectivity Order management Execution management+1Clear Street Outsourced TradingClear StreetOutsourced trading launched in May 2025, combining a global broker network with the cloud-native Clear Street Studio portfolio management system.Managed services Execution management Prime brokers and custody Clear Street StudioClear StreetCloud-native prime brokerage whose client platform bundles a financing portal, portfolio management, risk and execution on one real-time ledger, sold to hedge funds and family offices.Prime brokers and custody Portfolio monitoring Execution management+1Beacon by ClearwaterClearwater AnalyticsCross-asset trading and risk modelling layer that plugs analytics and custom models into the PMS/OEMS workflow.Combined OMS/PMS platforms Risk analytics Pricing and valuation+1EnfusionClearwater AnalyticsCloud-native platform with a native order and execution management module feeding straight from portfolio manager models to market; Enfusion was acquired by Clearwater Analytics.Order management Combined OMS/PMS platforms Execution management+2Enfusion by ClearwaterClearwater AnalyticsUnified cloud PMS and OEMS for portfolio construction, execution and trade processing; enfusion.com now redirects to cwan.com after the acquisition.Combined OMS/PMS platforms Order management Execution management+3Enfusion OEMSClearwater AnalyticsCloud-native OEMS natively joined to a portfolio management system, bought by Clearwater Analytics for $1.5bn in 2025.Execution management Order management Combined OMS/PMS platforms+1ElwoodElwood TechnologiesModular digital asset OEMS covering execution, portfolio, risk, collateral and reconciliation for professional institutions.Execution management Order management Risk analytics+1Exegy Ticker PlantExegyHardware-accelerated market data ticker plant and feed handling, sold alongside nxFeed, the Exegy Nexus managed FPGA platform and a normalized feed marketed as Market Data as a Service; the present company is the 2021 merger of Exegy and Vela Trading Systems.Market data FIX connectivity Execution management LBX PMSFactSetCloud OMS, EMS and portfolio management suite for hedge funds and asset managers, sold with a managed FIX network; LiquidityBook is now a FactSet company.Combined OMS/PMS platforms Order management Execution management+2PortwareFactSetFactSet's EMS for complex buy-side trading desks, described in 2022 as migrating to AWS.Execution management FlexONE OEMSFlexTrade SystemsBuy-side order and execution management system, part of a wider Flex trading suite covering fixed income, FX, futures and options.Order management Execution management Transaction cost analysis+1FlexTCAFlexTrade SystemsPre-trade to post-trade TCA across equities, FX, futures and fixed income, feeding FlexAlgoWheel for performance-based routing, with 80-plus prebuilt compliance reports.Transaction cost analysis Execution management FlexTRADER EMSFlexTrade SystemsBroker-neutral multi-asset EMS with 300+ broker connections, an algo wheel (FlexAlgoWheel) and built-in TCA.Execution management FIX connectivity Transaction cost analysis InfoReach TMSInfoReachIndependent broker-neutral multi-asset order and execution system with its own algos plus 60+ third-party algo providers.Execution management Order management Transaction cost analysis NewportInstinetMulti-asset EMS for institutional traders covering equities, options and futures, sold in buy-side and sell-side editions.Execution management Transaction cost analysis LatentZero OMSION GroupHigh-volume buy-side order management, sold with a companion LatentZero EMS workstation onto the Fidessa broker network.Order management Execution management Pre-trade compliance+1Jefferies Outsourced TradingJefferiesFull-service outsourced trading for asset managers with access to 150+ trading partners and venues, now with separate equities and fixed income desks.Managed services Execution management Outsourced TradingJonesTradingThree tiers (Regional, Full Service, Enterprise) of agency outsourced trading across US equities, options, fixed income, futures and international markets.Managed services Execution management LBX Buy-SideLiquidityBookCloud-native buy-side order and execution management with FIX connectivity, now owned by FactSet.Execution management Order management Combined OMS/PMS platforms+1LiquidityBook OMS (FactSet Order Management Solution)LiquidityBookCloud-delivered order management platform for hedge funds and other buy-side firms, now sold by FactSet.Order management Execution management FIX connectivity+1REDI EMSLSEGBroker-neutral EMS for equities, futures and options with access to 650+ brokers through Autex Trade Route.Execution management Order management FIX connectivity TORALSEGMulti-asset OEMS for institutional execution workflows, sold alongside and integrated with AlphaDesk.Order management Execution management Transaction cost analysis+2Marex NeonMarexMarex's client technology portal, described by the firm as the layer underpinning its clearing, execution and hedging businesses.Prime brokers and custody Execution management Outsourced TradingMarexFull or hybrid outsourced trading across equities, fixed income, FX, derivatives and futures with 24/6 coverage, paired with Marex prime brokerage.Managed services Execution management Prime brokers and custody Outsourced TradingMeraki Global AdvisorsConflict-free global multi-asset outsourced trading plus leverage management and capital introduction, with trades executed directly between client and counterparty.Managed services Execution management NeovestNeovestBroker-neutral multi-asset order and execution management platform owned by J.P. Morgan but run independently; also markets PortfolioOne.Execution management Order management Nirvana ONENirvana SolutionsIntegrated trading, portfolio management, accounting and analytics on one codebase for hedge funds, asset managers and family offices.Combined OMS/PMS platforms Order management Execution management+4Nirvāna OEMSNirvana SolutionsMulti-asset order and execution management with 150+ connected brokers, sold to hedge funds, asset managers and family offices.Order management Execution management Combined OMS/PMS platforms+1Integrated Trading Solutions (ITS)Northern TrustNorthern Trust's outsourced trading desk, sold alongside its middle office outsourcing to long-only managers and asset owners.Managed services Execution management Quod Execution Management SystemQuod FinancialMulti-asset EMS with smart order routing and algorithmic execution across 80+ venues, including digital assets.Execution management Order management Quod Financial OMSQuod FinancialMulti-asset order management with configurable pre-trade risk and compliance, sold to both asset managers and brokers.Order management Execution management Pre-trade compliance Quod TCA (Analytical Execution Performance)Quod FinancialReal-time and post-trade execution analytics across equities, derivatives and FX, integrated natively with Quod's order and execution management systems.Transaction cost analysis Execution management Eze EclipseSS&C TechnologiesDescribed by SS&C as a cloud-native, front-to-back hedge fund investment system.Combined OMS/PMS platforms Order management Execution management+2Eze EMSSS&C TechnologiesMulti-broker EMS for equities, futures and options, formerly sold as RealTick, with algo wheel and smart order routing.Execution management Order management Eze OEMSSS&C TechnologiesOrder and execution management with a rules engine and templates for lifecycle compliance checks plus full trade and compliance audit history.Pre-trade compliance Order management Execution management Eze OEMS (Eze OMS and Eze EMS)SS&C TechnologiesCombined order and execution management for hedge funds and asset managers, including order generation, allocation and automated short-sale locates.Order management Execution management Combined OMS/PMS platforms+1Charles River IMSState StreetSingle platform covering portfolio management, order and execution management, compliance, post-trade operations and investment accounting; the core technology of State Street Alpha.Combined OMS/PMS platforms Order management Execution management+4StoneX Outsourced TradingStoneX GroupOutsourced trading through StoneX Global Prime Services in Replicate, Complement and Enhance models, integrating with Bloomberg EMSX, Eze EMS and TRAFiX.Managed services Execution management Prime brokers and custody TalosTalosInstitutional digital asset trading platform covering order handling, smart order routing, FIX connectivity and portfolio and treasury tools; raised a $40m Series A in 2021 and a $105m Series B in 2022.Order management Execution management Transaction cost analysis+2Talos platformTalosInstitutional digital-asset trading platform offering FIX, REST and WebSocket connectivity to many crypto liquidity providers through one interface; raised a 40 million dollar Series A from a16z, PayPal and Fidelity.FIX connectivity Execution management Order management TalosTalos GlobalInstitutional digital asset trading platform combining OMS, EMS, algos, smart order routing and post-trade analytics.Execution management Order management Portfolio monitoring Outsourced TradingTourmaline PartnersIndependent outsourced and supplemental trading in global equities, derivatives and ETFs, with no bank parent.Managed services Execution management AxeTradingTrading Technologies InternationalFixed income execution management for treasuries, credit, government bonds and swaps; now owned by Trading Technologies.Execution management Order management TT platformTrading Technologies InternationalMulti-asset trade lifecycle platform for futures and options, fixed income, FX and crypto with algos, OMS, TCA and surveillance.Execution management Order management Market data+1TRAFiX Multi-Asset OEMS and FIX ConnectivityTRAFiXHosted multi-asset OEMS sold with FIX connectivity and normalization services to clearing firms and execution venues, built without legacy code.FIX connectivity Order management Execution management TradeSmart EMSTS ImagineAll-asset-class EMS created by combining TradingScreen and Imagine Software; product name may have changed since 2022.Execution management Order management Risk analytics Virtu Triton (Triton Valor)Virtu FinancialBroker-neutral multi-asset EMS covering equities, ETFs, fixed income, FX and listed derivatives, connected through ITG NET.Execution management Transaction cost analysis WydenWydenEnd-to-end OEMS for institutional digital assets with smart order routing across 65+ exchanges, brokers and OTC desks, plus treasury and reconciliation.Order management Execution management Trade settlement+2

Execution management products