- Order Management System (OMS) is a software system that simplifies and manages the execution of trading orders.
- In financial markets, an order must be placed in the trading system in order to execute an order to buy or sell a security.
- Brokers and dealers use OMS when placing orders for various types of securities and can track the progress of each order throughout the system.
- An effective OMS helps firms track positions in real time and prevent regulatory violations.