How to Choose a Vendor Trade Order Management System

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As the industry moves to T+1, buy-side firms are being forced to evaluate their overall technology investment. Upon close examination, the most important factor in achieving T+1 is the ability for firms to automate their trading process to take advantage of industry solutions for automated trade settlement. Put simply, firms without a trade order management system (TOMS) will not be able to operate in a T+1 environment.

While Indata and other trade order management system vendors stand to ben