New Market, New OMS Sales Pitch

Baring Asset Management is doing something that a lot of trade order management vendors and market analysts wish the rest of the financial world would do: after implementing a new third-party order management system to replace its older in-house system, the money manager is making plans to expand it to other sectors within the firm.

Baring Asset Management originally went live with the Minerva OMS from Latent Zero, a British financial services vendor, in November 2001. In July of last year, the global investment firm took the OMS live with eight brokers using the Financial Information Exchange (FIX) Protocol. And this past November, Baring Asset Management estimated that it sent about 59 percent of its global equity trade to brokers via the FIX protocol.

According to Paul Savage, head of market activities for Baring

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