Multi-National and Multi-Entity capable Securities Order Management System for Electronic Brokerages
- The current bear market has forced electronic brokerages to compensate the transaction-driven fixed cost degression effect of bull markets by cost containment programs, while maintaining their position in the expanded markets. Orderflow consolidation will be the key principle to obtain the critical mass for this business. Options for the consolidation of the order flow can be the consolidation across internal entities / countries of the group and the acquisition of external order volumes e.g. via brokerage franchises. The current system landscape is not designed to support multi-national and multi-entity order flow consolidation. Fragmented, redundant, legacy-based and proprietary securities order management systems have been utilized to ensure market readiness in the former bull market. This article outlines the requirements and architecture for securities order management systems which enable the efficient orderflow consolidation across entities and countries in the brokerage industry.
| Author: | Matthias Hessler, Wolfgang Wicht, Sven Hornung |
|---|---|
| URN: | urn:nbn:de:hbz:836-opus-249 |
| DOI: | https://doi.org/10.25974/fhms-24 |
| Parent Title (English): | Business Information Management, 3 |
| Series (Serial Number): | Business Information Management (3) |
| Publisher: | FH Münster |
| Document Type: | Part of Periodical |
| Language: | English |
| Date of Publication (online): | 2004/12/21 |
| Year of first Publication: | 2004 |
| Provider of the Publication Server: | FH Münster - University of Applied Sciences |
| Release Date: | 2004/12/21 |
| Tag: | Online Brokerage; Transaction Banking |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Licence (German): |  Zweitveroeffentlichung |