Execution management system
An Execution management system, or EMS, is an application utilized by
stock brokerage firms, crossing networks and electronic communication networks
.
In addition to commercial vendors, a few
open-source
projects can be counted in as EMS, although their breadth varies.
See also
- Algorithmic trading
- Dark liquidity
- Electronic trading platform
- High-frequency trading
- Order management system
- Single-dealer platform
References
- ^ Daniel Safarik, Execution Management Systems: From the Street and on the Block, financetech.com, September, 2006