No Buy-Side OMS/EMS to ‘Rule Them All’—Yet

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Specialized hedge funds are having a tough time providing better returns than exchange-traded funds (ETFs) after subtracting fees, says ITG managing director and former JonesTrading CEO Will Geyer, speaking during a discussion of order and execution management systems (OMSs and EMSs) at TradeTech West in San Francisco. Equity-only institutional managers are examining more multi-asset-class strategies, and this is trickling down to the trading desk. Traders are being asked to take a big pictur