[vox-tech] OMS

[David Rosenstrauch]

I'm a little familiar with OMS's, having worked for Wall St. companies 
for a number of years.  But I've never worked on one directly, or 
studied them extensively, so I couldn't recommend much.  Best I could 
offer would be some search terms to use at Google or Amazon:  OMS, 
"order matching system", "trade blotter"/"trading blotter", "matching 
engine", ECN (http://www.investopedia.com/terms/e/ecn.asp), etc.

HTH,

DR

On 10/08/2009 09:14 PM, Hai Yi wrote:
> David, your assumption is correct, I was referring to the OMS module
> in a trading platform, in which buy/sell negotiations is carried out
> in a frequent fashion. Thanks for the link, just curious if we can
> have more reading materials on this subject, either online or from
> Amazon, :-)
> 
> Hai
> 
> 
> On Thu, Oct 8, 2009 at 10:22 AM, David Rosenstrauch <darose at darose.net> wrote:
>> BTW, just a heads up that I'm assuming you meant the finance-oriented
>> definition of OMS.  Apparently OMS can mean something else though when
>> you're referring to a different industry, like e-commerce - in which
>> case an "order" means someone ordering products online.  (See
>> http://en.wikipedia.org/wiki/Order_management_system for more details.)
>>  An e-commerce OMS would not need to match buy and sell orders,
>> obviously, and so it's most important component would be very different.
>>
>> If you are referring to the finance-oriented definition of OMS, though,
>> you can read here for more info:
>>
>> http://www.investopedia.com/terms/o/oms.asp
>>
>> HTH,
>>
>> DR
>>
>> On 10/08/2009 07:48 AM, Hai Yi wrote:
>>> Thank you, David, I think you are right. Do you know any books
>>> (articles ) on this topic that I can use for further study?
>>>
>>> On Wed, Oct 7, 2009 at 9:18 PM, David Rosenstrauch <darose at darose.net> wrote:
>>>> On 10/07/2009 08:11 PM, Hai Yi wrote:
>>>>> anyone ever worked on OMS (Order Management System)? I was asked
>>>>> what's most important component (idea of design? ) in an OMS system. I
>>>>> thought it's a state machine conducting the negotiations.
>>>>>
>>>>> Comments are welcomed!
>>>>>
>>>>> Hai
>>>> I'd figure the most important component is a matching engine - i.e.,
>>>> matching buy and sell orders.
>>>>
>>>> HTH,
>>>>
>>>> DR