Legacy Systems: The Nexus of Applying Experience to Inefficiency
As a general rule with regards to technology, legacy systems in whatever form they exist will ultimately be replaced. It’s just a matter of time.
As a general rule with regards to technology, legacy systems in whatever form they exist will ultimately be replaced. It’s just a matter of time.
While the cost of the new OMS might be an issue with some vendors, the actual conversion and implementation of an OMS is really not that difficult, especially compared with an endeavor like switching portfolio accounting systems.
The EMS is rapidly becoming a commodity which means that cost will become the predominant driver for users rather than functionality. We take this line of reasoning a step further and argue that the buy-side should also look at their OMS providers in a similar light.