Trade Order Management System (OMS)
Buy-side institutions rely on Limina ’s trade order management solution for multi-asset and multi-portfolio trading, empowering traders with efficient workflows and complete control.
Limina’s buy side OMS is an agile solution combining ease of use with the sophistication level needed by institutional asset managers. Our real-time position and cash manager powers the OMS, which ensures you have an accurate and complete view of your portfolio throughout the trade lifecycle. The IBOR also enable the flexibility to view portfolio and cash data, including simulated cash, orders and more.
Trade Quickly with Complete Control
We believe there are two main tools for efficiency in the Front Office:
1. Trusting the numbers and the software
Trusting the system starts with knowing that all investment data is correct as it flows to and from other systems. Critical features include:
- Front-Office needs the same live source of truth as the investment operations team, ultimately lowering your operational risk.
- Automatic data entry validation, warning for unusual input - where the system’s interpretation of “unusual” is configurable
- Configurable broker restriction rules
- Complete audit trail from order raising to timestamps on each fill and allocations
- Four-eye approvals are available to turn on before routing orders
Asset Management Compliance is being continuously checked in the background, highlighting any breaches or when approaching a limit.
2. Fast and straightforward user interface
A modern user experience includes well-designed workflows, with minimal clicks to achieve a given action in the system. The responsive user interface updates in real-time, with no batches or loading time.
Multi-asset Trade Order Management Software
Limina’s IMS is designed from the ground up as a cross-asset platform and does not suffer from the limitations of old-school silos of asset classes. Hence, it provides coherent cross-asset workflows designed to provide an excellent user experience regardless of investment strategy.
For example, all workflows and screens are cross-asset but change dynamically to show the relevant information for each asset where applicable. This specifically reduces data clutter, ensuring your team’s foundation is validated information.
Order type examples
The Limina buy-side OMS for trading supports many order types, including the most standard, such as single-day orders. More complex order types include:
- Primary market workflows, where bond parameters might not be known or not available from the market data vendor yet (see Limina’s EDM capabilities for more details)
- Cash vs quantity-based orders, e.g. for fund trading
- Derivative strategy orders
- Block orders (multiple portfolios)
- Order programs (multiple securities)
- Multi-day trading, where allocations are done daily for the executed part of orders
- Combinations of the above
Allocations and Connectivity to Matching & TCA
The Trade Order Management System has pre-built algorithms for allocations and supports manual allocations. It integrates natively with industry-leading matching solutions and Transaction Cost Analysis (TCA) providers for post-trade execution reports.
Be Up and Running Quickly with Managed OMS Trading Integrations
Limina Order Management System for trading includes numerous managed integrations, enabling fully integrated workflows. Connectivity covers trade orders across different asset classes, and we fully manage integrations for you, ensuring they are always live. Examples of out-of-the-box integrations include:
1. Connections to Execution Management Systems (EMS)
The OMS is integrated and certified with various front office trading systems, such as Bloomberg (EMSX, TSOX and FXGO), Virtu and more, for equities, fixed income and OTC.
2. Outsourced Trading
If you have an outsourced trade execution partner, we also integrate with those. Pre-built connections exist to many such providers, including Northern Trust ITS and CF Global.
3. Direct Broker Connectivity
Limina offers direct broker connectivity to most established brokers globally, enabled out of the box via a FIX network, serving as a lightweight OEMS for trading. For fund trading, we have established integrations to select counterparties to trade funds electronically. We also offer OTC derivatives workflows via file-based integrations in cases where it’s the only option provided by the counterparty.
4. Manual Order Import/Export
If you calculate orders in a different Portfolio Management System than Limina’s, you can easily import readily calculated orders via file. Equally straightforward is exporting orders from Limina if electronic trading isn’t possible, such as for some derivatives depending on the counterparty. You can activate 4-eye approval even for export of orders, and the system remembers which orders you have already exported and which you haven’t.
We started our mission in 2014 with a blank canvas and a set of principles that we believe are critical for how an Investment Management System (IMS) should be built and delivered:
We believe an IMS should enable change by connecting to any 3rd party system or service provider. If you want to launch new funds or change your operating model, an open IMS should make that faster and more cost-efficient.
Trusting the data in the system is essential for Front Office decisions and governance in operational processes. Your team shouldn’t have to spend valuable time tracking down potential issues; the system should find and flag them automatically.
SUPPORTED BY PEERS
We believe the best customer support for Asset Managers comes when the team you work with have experience in Investment Management. Dedicated team members from the industry learn your business and can assist you most effectively.
FRONT-TO-MID & CROSS-ASSET
An IMS should be cross-asset and cover workflows from start to finish without jumping between systems. This increases productivity, allows superior oversight, and enables operational controls.