Crossing orders involve moving shares and cash between internal accounts, and then potentially publishing the resulting "trade" to the listing exchange.
[5] Identifying the price that an account received from the aggregate market order is regulated and scrutinized post-trade process of trade allocation.
An OMS is a data-rich source of information which is able to communicate to the front and back office systems (or modules in the case of a single platform software).
Prices, number of shares, volumes, date, time, financial instrument, share class, exchange are all key data values which allows the asset/investment manager to maintain an accurate and true positional view of their portfolio ensures all investment guidelines are met and any potential breaches are avoided or resolved in a timely manner.
An outcome of an OMS successfully communicating to an asset manager's systems is the ease of producing accurate and timely reporting.
All data can be seamlessly interpreted to create valuable information about the portfolio's performance and composition, as well as investment activities, fees and cash flows to a granular level.
As investors are demanding increasingly detailed and frequent reporting, an asset manager can benefit from the correct set up of an OMS to deliver information whilst focusing on core activities.
Increasing financial regulations are also causing managers to allocate more resources to ensure firstly, they are able to obtain the correct data on their trades and then they are compliant to the new metrics.