Client Orders Warehousing
Client Orders Warehousing of InfoReach Sell-Side OEMS - TMS^bd

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TMS can receive client orders for the markets which are closed at the time of the order receipt, and automatically schedule to release the received orders when the markets open.

This TMS automation functionality permits broker-dealers to offer their clients order execution services for the markets outside of the broker-dealer primary operating hours without the need to staff its trading desks around the clock.

Example: A New York broker trading desk receives an order for the Japanese market during the US open market hours. However, a Tokyo executing counterpart broker connection and execution desk is not open till several hours after the US broker desk gets done for the day. In such a case, TMS automatically schedules to release the received order when the Tokyo broker system becomes ready to receive it.