Call To Order

- WatersTechnology Staff
- 01 Apr 2001

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by Daniel Safarik

Trade order management systems used to be only for the largest buy-side firms. But thanks to STP, T+1 and electronic trading—not to mention rising order flow—TOMS are becoming essential for all investment firms.

There’s no way you’ll get to T+1 without automation," says Brian Seiler, associate director of IT at AIM Funds. That’s why AIM decided to buy an order management system from what was then known as Merrin Financial.

That was back in the old days (i.e., 1997), and AIM was a

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