Displacing a legacy OMS system to reduce costs and improve functionality. The Sell-side and Buy-side OMS industry is a displacement market. In order to bring new functionality and work with a new vendor, an existing system must be replaced. 

These systems, often in place for many years, include many integrated business workflows and customizations.

• Cost of Change: Transitioning from a legacy OMS system can be expensive, especially for businesses lacking in-house expertise. The integration of many business workflows and customizations over the years adds to the complexity and cost.
• Value Assessment: Determining whether the benefits of a new OMS outweigh the costs can be difficult, especially when evaluating long-term gains over immediate expenses.
• Internal Resistance - Traders and IT teams often resist change due to concerns about disruptions and the steep learning curve associated with new systems.

Quod OMS - the Data-Driven Advanced OMS, is specifically designed to replace your legacy OMS platform. With 14 years of experience in building OMS and Advanced Trading solutions, Quod has developed a range of tools to simplify the transition process, making the process as easy as possible. 

• Cost Savings: Significant reductions in annual expenses are possible, not only through legacy pricing, but also because the Multi-Asset technology can often replace 2-5 legacy systems, resulting in a considerable decrease in yearly spending.
• Advanced Functionality: Includes Algorithms (Algos), Smart Order Routing (SOR), end-to-end automation, low latency trading, and advanced data management. These features help propel your brokerage or fund into the 21st century, far ahead of your legacy technology. Quod Financial’s scalable microservices, generative AI (GenAI), and machine learning (ML) workflows, along with cross-asset functionality, are 5-10 years ahead of current vendors.
• User Familiarity: The system has been designed to feel familiar to traders accustomed to the same platform for over 15 years. It retains workflow consistency with legacy systems while introducing a wide range of new features that dramatically enhance the trading experience and resolve long-standing frustrations.

Quod Financial is the only company in Financial Services offering a single, targeted product for Brokers and Buy-side that is both cutting-edge and highly flexible. Our O/EMS solution with Algos, SOR, Market Making and GenAI tooling, making it unique in the industry and providing substantial advantages over retaining legacy systems.

1. Innovative Upgrades: Receive the latest innovations immediately with free upgrades forever.
2. Multi-Asset Trading: Benefit from advanced trade automation features.
3. Expert Support: Enjoy a fully managed project supported by industry experts.
4. Vendor Independence: Free yourself from the frustrations of your legacy vendor.