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Please note that this survey will close on Friday 7th August, 2020
Please contact Karen Delahoy at jason@crosscutsurveys.com / +44 (0)20 7397 3826 for any assistance.
 
About Yourself
* Name
* Email
* Job Function
* Country where you are based
About Your Organisation
* Name of your organisation
  Approximate total value of assets (billions USD)
  Primarily what type of firm are you? Hedge Fund
Long Only Manager
Institutional
Retail
Other
  What type of clients do you have? HNWIs and Wealth Managers
Institutions (e.g. pension funds)
Retail
Institutions and Retail
About Your Use of Execution Management Systems
  1. What type of securities do you trade electronically? Equities
Listed Derivatives (Futures and options)
Fixed Income
Foreign Exchange
Other (please specify):
  2. Do you connect for electronic trading using

A single multi-broker, multi asset-class EMS

Multiple single broker and/or single asset class EMS's

Links to brokers directly from your OMS

Links to trading venues directly from your internal systems

Other (please specify):
* 3. Which of the following EMS systems do you use regularly for electronic trading (maximum=six)?
AxeTrader from AxeTrading 
Bloomberg EMSX 
Charles River A State Street Company 
FlexTrade 
Infront 
Instinet Newport 
Itiviti (including ULLINK) 
Morgan Stanley Passport 
Neovest 
Portware Enterprise, a FactSet Trading Solution 
Refinitiv REDI 
SS&C Eze EMS (RealTick) 
TORA 
TradingScreen TradeSmart 
UBS Pinpoint 
Virtu Triton EMS 
   
Other (please specify):
About the EMS Systems You Use
  4. Of the following, what are the four most important features of Execution Management Systems from your perspective?

Number of connections to different executing brokers

Breadth of asset class coverage within a single EMS

Breadth of direct connections to Execution Venues(e.g. Dark Pools, TradeWeb (for fixed income), FXAll (for foreign exchange) etc.)

Breadth of broker provided algorithmic trading options available

Ease of use

Timeliness of implementation of revisions/updates/extensions to broker algorithmic trading suites and venue changes

Connectivity to and integration with your internal systems

FIX capabilities including adml

Low latency

Global coverage

Client Service

Integration with order management system

  5. For the Execution Management Systems you have selected in section 3, please rate their capabilities in terms of the features itemized below.
      (Each feature should be rated on the following scale: 7-Excellent; 6-Very Good; 5-Good; 4-Satisfactory; 3-Unsatisfactory; 2-Weak; 1-Very weak)
rank

a) Reliability and availability of the EMS

b) Latency

c) Client service personnel (responsiveness and effectiveness)

d) Ease-of-Use

e) Handling of releases of new versions (implementation process and training)

f) Breadth of broker provided algorithmic trading options available

g) Timeliness of updating in response to broker and venue changes

h) FIX capabilities

i) Breadth of asset class coverage within the EMS

j) Breadth of direct connections to brokers and execution venues (e.g. Dark Pools, TradeWeb (for fixed income), FXAll (for foreign exchange) etc.)

k) Product development communication, planning and delivery

l) Ease of integration with other internal systems

m) Overall cost of operation

Future Activity
6. Do you expect to make use of additional EMSs in the next twelve months?
300 character maximum, incl spaces

7. Do you expect to change any of your existing EMS providers in the next twelve months?
300 character maximum, incl spaces

8. What additional capabilities would you like to see from providers of EMSs?
300 character maximum, incl spaces

THANK YOU FOR COMPLETING THIS QUESTIONNAIRE

 
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