Linedata’s LongView Handles 2X NASDAQ Volume
16 January, 2008
- LongView OMS combines high throughput capacity with broker neutrality
- Speed augments unique blotter-synch functionality
- Linedata offers unique strategy OMS-EMS integration, with fast, open system
Boston - Linedata Services (Bloomberg: LIN.FP), announced today that its LongView trade order management system (“OMS”) can handle twice the average trading volume of the NASDAQ exchange while supporting the portfolio management, trading and post-trade environment of the largest asset managers.
The announcement comes after extensive testing of the latest version of the award-winning OMS. The results show that LongView Trading can handle the trade requirements of the most active asset management firms, and exceed the capabilities of execution management applications passing data back to the OMS.
“LongView can handle the high volume requirements of the most active shops in the world, and anything that an EMS can throw at the system,” said Gavin Little-Gill, Senior Vice President in charge of product management and strategy for front office products. “This is a major breakthrough, not just because we can handle large volumes of trades, but also because of what this means for OMS-EMS integration. Our throughput capacity, combined with our recently announced blotter synch technology, makes Linedata the only company that provides a fast, innovative, broker-neutral single system solution.”
LongView’s “blotter synchronization” technology allows traders to automatically publish and work orders in multiple EMS or ATS’ without the need to manually update orders in each of those destinations. LongView also maintains the integrity of TCA data in the OMS, without fear of over-executing. This effectively allows traders to gain better access to liquidity sources, giving them the flexibility to more tactically act upon their orders while maintaining the full compliance and audit requirements.
“LongView’s approach is differentiated from its competitors because we are destination neutral and focused on providing seamless integration with multiple broker EMS’ or destinations simultaneously.” said Linedata’s Little-Gill. “LongView is committed to letting traders define the where, when, and how of the execution by providing the infrastructure to support those decisions.”
E-mail abid.ikram@uk.linedata.com to request a copy of Gavin Little-Gill’s new whitepaper, OMS-EMS Integration, which provides more information on LongView’s throughput capacity, and the implications for the buy-side.