order management system (OMS)

Definition

A type of cost saving electronic system that is used in the execution of securities orders as well as for tracking of such orders.

Use this term in a sentence

The order management system worked very well for us and I was glad to be able to work with it in this way.

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You should always try and have a good order management system in place that will allow you to do things efficiently.

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The order management system was down today, we were not able to do much work today, we hope it can be fixed by tomorrow.

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order imbalance order of liquidity