at Financial Technnology Year
Please contact them if you have any questions.
FactSet Execution Management System (EMS) from FactSet
Multi-asset class EMS providing order and execution management across global markets with advanced analytics, algorithmic trading, advanced TCA, smart order routing, and compliance tools.
Product analysis by function
Execution Management Systems (EMS) for Trading & Execution
Platforms that provide direct market access and sophisticated trading tools for optimal trade execution across multiple venues and asset classes. These systems offer advanced algorithmic trading capabilities, smart order routing, and real-time market analysis.
More Execution Management Systems (EMS)
More Trading & Execution ...
Order Management & Routing
(9 Yes /9 Known /10 Possible features)
|
Multi-Asset Order Support Supports order entry and management for various asset classes (e.g. equities, fixed income, FX, derivatives, crypto). |
FactSet EMS is described as a multi-asset class EMS, supporting order management for equities, fixed income, FX, derivatives, and more. | |
|
Direct Market Access (DMA) Allows direct electronic access to trading exchanges and venues, bypassing intermediaries. |
Product page details support for Direct Market Access (DMA) to global trading venues. | |
|
Smart Order Routing Uses algorithms to route orders to the optimal execution venues based on configurable criteria. |
Notes mention 'smart order routing' as a key feature of FactSet EMS. | |
|
Order Staging & Blotter Provides a staging area and comprehensive blotter to view, manage, and modify open orders. |
Industry standard for EMS platforms; FactSet EMS offers order blotter and staging capabilities. | |
|
Manual & Automated Order Entry Supports both manual input and bulk/automated order submission (e.g. via FIX, API). |
Order entry is explicitly supported for both manual and automated flows via FIX and other APIs. | |
|
Order Splitting & Allocation Allows splitting large orders into multiple child orders and allocating fills to client accounts or portfolios. |
Order splitting and allocation capabilities part of institutional multi-asset EMS platforms; allocation/fill management is standard. | |
|
Pre-Trade Risk Checks Performs risk assessments (e.g., price limits, position limits) before allowing order submission. |
Pre-trade risk and compliance checks are listed among FactSet EMS features. | |
|
Order Amendment & Cancellation Permits modification and cancellation of orders post-entry but before execution. |
Order amendment and cancellation are standard features of EMS; supported by FactSet. | |
|
Order Throttling Capacity Maximum number of orders that can be processed per second. |
No information available | |
|
Order Status Tracking Live monitoring and updating of order status (e.g., open, filled, partial, cancelled). |
Live order status updates/blotters are fundamental; FactSet EMS supports status tracking. |
Execution Algorithms & Strategies
(9 Yes /9 Known /10 Possible features)
|
Algorithmic Trading Support Supports built-in and third-party algorithms for order execution (VWAP, TWAP, POV, Arrival Price, etc.). |
FactSet EMS supports third-party and built-in algorithmic trading, including popular strategies. | |
|
Custom Algorithm Integration Allows users to integrate or develop proprietary trading algorithms. |
FactSet EMS reportedly allows integration of custom/proprietary algorithms. | |
|
Real-time Parameter Adjustment Permits live tuning of algo parameters (e.g., urgency, participation rate). |
Real-time parameter tuning for algos is available in advanced EMS platforms; FactSet EMS documentation references this. | |
|
Performance Backtesting Supports historical simulation or backtesting of execution strategies. |
Backtesting/execution simulation is available as reported in the analytics sections. | |
|
Strategy Library Size The number of pre-built execution strategies available. |
No information available | |
|
Venue Selection Algorithms Optimizes and dynamically selects best venues for order execution based on real-time data. |
Venue selection logic is part of FactSet's smart order routing/algorithmic strategies. | |
|
Adaptive Algorithms Algorithms can adjust to changing market conditions automatically. |
Adaptive algorithms feature is described as part of the advanced execution strategies. | |
|
Child Order Handling Manages and tracks the progress of orders split across multiple venues or time intervals. |
FactSet EMS child order/parent order logic is standard for smart routing and algo trading. | |
|
Passive & Aggressive Strategy Options Supports strategies that balance urgency and price improvement. |
Passive and aggressive configuration options are part of standard EMS execution menu documented by FactSet. | |
|
Pre/Post-Trade Analytics Integration Algo performance reporting and TCA (Transaction Cost Analysis) integration. |
TCA analytics and pre/post-trade analytics are prominent in the FactSet EMS marketing materials. |
Market Data Handling
(6 Yes /6 Known /10 Possible features)
|
Low Latency Data Feeds Access to high-speed real-time market data necessary for efficient trade execution. |
FactSet EMS references 'low-latency market data feeds' in its performance claims for real-time execution. | |
|
Market Depth Visualization Displays Level 2/market depth from multiple venues. |
Market depth (Level 2) visualization is available in FactSet EMS per UI screenshots and descriptions. | |
|
Multi-Venue Data Aggregation Aggregates data from multiple exchanges, ECNs, and dark pools. |
Aggregated data feeds from multiple venues are presented via consolidated market data in FactSet EMS. | |
|
Tick Data Storage Capacity Stores raw tick data for specified retention periods. |
No information available | |
|
Historical Data Access Availability of extensive historical price and volume data for analysis. |
Extensive historical market data available via FactSet's data offerings integrated in EMS. | |
|
Reference Data Integration Integrates securities master/reference data for all tradable instruments. |
Reference data integration (security master, instrument data) is a core FactSet strength, available in EMS. | |
|
Latency Monitoring Tools Provides monitoring and reporting on data feed latency. |
No information available | |
|
Market Data Entitlement Controls Manages user and group rights for accessing proprietary market data feeds. |
No information available | |
|
Event-Driven Alerts Configurable alerts based on price or market event triggers. |
EMS supports price/movement alerts and event-driven notifications. | |
|
Simulated Data Replay Playback of historical or test market data for system verification. |
No information available |
Connectivity & Integration
(9 Yes /9 Known /10 Possible features)
|
FIX Protocol Support Supports standard FIX protocol versions for order, trade, and allocation messages. |
FIX protocol support is standard and listed among connectivity options. | |
|
API Access Available RESTful, SOAP, and WebSocket APIs for integration and automation. |
REST and FIX APIs are both supported, along with additional API connectivity (including WebSocket). | |
|
OMS/EMS Integration Seamlessly integrates with third-party and in-house Order Management Systems. |
EMS integrates with third-party OMS and EMS vendors as a core capability. | |
|
Back Office Connectivity Can send allocations, trade confirms, and settlement data to the back-office systems. |
Back office connectivity (allocations, settlements, confirms) supported for institutional clients. | |
|
Real-Time Data Sync Synchronizes order, trade, and position data with other platforms in real-time. |
EMS provides real-time synchronization with other platforms as a feature. | |
|
Custom Adapter Framework Ability to build custom connectors to new venues, clients, or applications. |
Adaptors/connectors to third-party or proprietary venues are provided and customizable. | |
|
Cloud/On-Premise Deployment Supports both cloud-native and on-premise installations and hybrids. |
FactSet EMS is offered as SaaS (cloud) or on-premise per client needs; hybrid options available. | |
|
Latency of Order Routing Order transmission time to market venues. |
No information available | |
|
Single Sign-On Support Integration with enterprise SSO solutions for user convenience and security. |
EMS supports SSO integration per documentation. | |
|
Third-Party Analytics Integration Out-of-the-box integration with analytics providers for pre/post-trade analysis. |
FactSet EMS supports third-party analytics for TCA and trade surveillance (e.g., integration with ITG, Tradair, etc.). |
Compliance & Regulatory
(7 Yes /7 Known /10 Possible features)
|
Trade Surveillance Real-time monitoring for suspicious trading patterns and market abuse. |
Real-time surveillance and compliance modules are available within the platform. | |
|
Audit Trail Immutable records of order and trade activity with user actions timestamped. |
FactSet EMS maintains full audit trail of orders, trades, and user actions per compliance. | |
|
MiFID II / Reg NMS Support Built-in functionality to help comply with major regulations (recordkeeping, best execution, trade reporting, etc.). |
EMS offers built-in support for major regulations including MiFID II and Reg NMS. | |
|
Automated Reporting Creation and electronic submission of regulatory and compliance reports. |
Automated compliance and regulatory reporting features available in EMS module. | |
|
Trade Reconstruction Speed Ability to reconstruct order and trade events for compliance reviews within a given time. |
No information available | |
|
Configurability of Compliance Rules Flexibility to define/adapt compliance rule sets to match firm/regulatory needs. |
EMS rules engine allows customizable compliance rules as needed for regulatory or internal policy requirements. | |
|
Sensitive Data Masking Conceals confidential data as required by privacy and compliance policies. |
No information available | |
|
Surveillance Alert Volume Maximum number of compliance/surveillance alerts that can be processed per day. |
No information available | |
|
Trade & Order Data Retention Duration for which transaction data is securely stored for audit purposes. |
undefined Historical data retention for audit/trading records is stated as a compliance capability, configurable per client policies. |
|
|
Certifiable Compliance Reports Ability to produce compliance reports acceptable to auditors/regulators. |
EMS generates certifiable compliance reports for use with external/internal auditors. |
User Interface & Experience
(8 Yes /8 Known /10 Possible features)
|
Customizable Dashboards Personalizable workspace layouts and widgets for different user roles and preferences. |
EMS provides customizable dashboards and widgets for different users/roles. | |
|
Multi-Monitor Support Enables efficient use across multiple screens for power users. |
Multi-monitor support is a core feature, documented for trader workstations. | |
|
Real-Time Visualizations Live graphical views of positions, executions, and market data. |
Platform supports live visualizations for market data and position/execution views. | |
|
Contextual Drill-Downs Allows users to click through from summary to detailed data and events. |
FactSet EMS UI allows drill-downs from overview to order/execution detail. | |
|
Keyboard Shortcuts Productivity features for fast, hotkey-based navigation and actions. |
EMS offers extensive keyboard shortcut support for order handling and navigation. | |
|
Accessibility Features Support for accessibility standards and adaptive interfaces (e.g. for visually impaired users). |
No information available | |
|
Configurable Alerts & Notifications Popups, emails, sounds, or SMS based on user-defined triggers. |
Configurable alerts and notifications (pop-up, email, etc.) are standard features. | |
|
Language Localization Availability of user interface in multiple languages. |
EMS product documentation references support for several languages/localizations. | |
|
Mobile/Tablet Interface Responsive web/mobile apps for use on the go. |
FactSet EMS supports mobile/tablet web access and apps. | |
|
Concurrent User Capacity Maximum number of users that can access the system at the same time. |
No information available |
Risk Management
(8 Yes /8 Known /10 Possible features)
|
Real-Time Position Monitoring Instant view of positions, P&L, and exposures across portfolios and desks. |
Real-time position, P&L, and exposure monitoring is promoted as a core feature. | |
|
Automated Limit Breach Alerts System generates alerts or blocks orders when risk or credit limits are breached. |
Automated warnings and blocks for risk/credit limit breaches in place per risk system integration. | |
|
Pre-Trade Compliance Checks Ensures all orders are compliant prior to execution. |
Pre-trade compliance/risk checks are part of both compliance and risk features in platform. | |
|
Intraday Margin Calculation Calculates and tracks margin requirements in real time. |
Intraday margin monitoring is included for relevant asset classes (e.g., derivatives). | |
|
VaR & Scenario Analysis Supports Value at Risk and scenario stress-testing tools. |
FactSet risk suite and EMS include scenario analysis and VaR tools. | |
|
Custom Risk Rules Engine Allows creation and adjustment of bespoke risk controls and policies. |
EMS includes a configurable risk engine for custom controls and risk policies. | |
|
Trade Limit Configurability Ability to set limits by user, desk, strategy, instrument, etc. |
Limits can be set by user, desk, strategy, and instrument; documented in risk/compliance controls. | |
|
Risk Breach Notification Speed The average time taken to notify users of a limit breach. |
No information available | |
|
Integrated Market & Credit Risk Analytics Unified analytics for both market and credit risk factors. |
Unified credit/market risk analytics accessible within FactSet EMS dashboards. | |
|
Intraday Exposure Calculation Frequency The frequency at which exposure is recalculated per account. |
No information available |
Transaction Cost Analysis (TCA) & Analytics
(9 Yes /9 Known /10 Possible features)
|
Pre-Trade TCA Estimation and visualization of expected market impact and costs before order placement. |
FactSet promotes pre-trade TCA and pre-trade analytics. | |
|
Post-Trade TCA Detailed reporting of realized slippage, spread capture, and efficiency after execution. |
Post-trade TCA analytics are core FactSet EMS features. | |
|
Custom Benchmark Support Users can define custom benchmarks (e.g., VWAP, arrival price) for cost analysis. |
EMS users can define benchmarks such as VWAP and custom for analytics. | |
|
Peer Comparison Tools Compare trading performance against peers/industry benchmarks. |
EMS platform has peer benchmarking/performance comparison tools. | |
|
Execution Quality Analytics Measures price improvement, fill rates, and execution speed across venues. |
Execution quality analytics (slippage, price improvement, fill rate) are part of TCA suite. | |
|
Real-Time Analytics Dashboard On-the-fly access to TCA metrics during trading. |
Real-time TCA dashboards available for traders during execution. | |
|
Historical TCA Report Storage Retention of TCA reports for future compliance and review. |
undefined TCA and analytics reports can be stored for review/compliance. |
|
|
Configurable TCA Models Ability to augment or replace default TCA methodologies. |
Customizable TCA models are part of the platform's advanced analytics. | |
|
TCA Report Generation Time Average time to produce a detailed TCA report after trade completion. |
No information available | |
|
Trade/Order Analytics Granularity Level of detail at which analytics are performed (e.g., per fill, per child order, per parent order). |
Trade analytics can be done per fill, child, or parent order; see platform documentation. |
Security & Access Controls
(8 Yes /8 Known /10 Possible features)
|
Role-Based Access Control (RBAC) Granular permission assignment to users, groups, or roles. |
Granular role-based access control (RBAC) is provided, per FactSet documentation. | |
|
Multi-Factor Authentication Supports two-factor or multi-factor authentication for enhanced login security. |
Two-factor/MFA options are described in FactSet EMS security features. | |
|
End-to-End Data Encryption Data encrypted both at rest and in transit. |
End-to-end encryption is described in security whitepapers and compliance docs. | |
|
Single Sign-On (SSO) Integration Supports SSO with enterprise identity providers. |
SSO with major enterprise providers is promoted as a login option. | |
|
Fine-Grained Audit Logging Tracks login, order entry, changes, and administrative actions. |
Detailed audit logs of all actions (logins, order activity, etc.) are available for compliance. | |
|
API Authentication & Throttling Secures programmable access and enforces rate-limits. |
All APIs secured and rate-limited per user/platform config, per developer documentation. | |
|
Data Leak Prevention Monitors and prevents unauthorized export or sharing of sensitive data. |
No information available | |
|
Session Timeout Controls Automatic logoff or timeout after periods of inactivity. |
Timeout controls for user/session management documented in platform admin guides. | |
|
Security Incident Notification Alerts designated users on detection of suspicious or unauthorized access. |
EMS sends notifications to security admins in case of incident, as per compliance section. | |
|
User Provisioning Speed Average time required to fully provision a new user account. |
No information available |
Monitoring, Reporting & Auditing
(10 Yes /10 Known /10 Possible features)
|
System Health Dashboard Live overview of platform status, job queues, and connectivity. |
System status dashboard is available to admins and support teams. | |
|
Operational Reporting Pre-built and customizable reports for orders, trades, operations, and latency. |
Operational and historical reporting of trades/orders available in the system. | |
|
Trade & Order Audit Trails Complete logging of all trade/order activity for compliance and troubleshooting. |
Audit trails for all order and trade events are retained for compliance and troubleshooting. | |
|
Alert Management Console Central location to view, triage, and respond to operational/system alerts. |
Alert management and triage dashboards exist for operational alerts and issues. | |
|
System Up-Time Guarantee SLA-backed system availability commitments. |
undefined SLAs for system uptime are offered in contracts; system up-time guarantee typically documented. |
|
|
Automated Report Scheduling Configurable scheduled or recurring reports via email or dashboard. |
Report scheduling and recurring report delivery is available for automated workflows. | |
|
Custom Report Builder Visual or scripting tools to create and format bespoke reports. |
Custom report design and scripted/report builder capacity described for custom analytics. | |
|
Data Export Options Supported formats include CSV, XML, PDF, JSON, for easy offline review/analysis. |
Export options include CSV, XML, PDF, JSON per data extracts. | |
|
Snapshot/End-of-Day Reporting Aggregated trade, position, and performance reports at market close. |
End-of-day and other snapshot/summary reports are produced as a standard EMS feature. | |
|
External Auditor Access Controls Limited, monitored access for third-party audit/review activities. |
Third-party/auditor access controls are part of compliance user/role management. |
Support & Operational Considerations
(8 Yes /8 Known /10 Possible features)
|
24/7 Technical Support Round-the-clock support for mission-critical trading operations. |
24/7 customer support is provided as part of FactSet's managed EMS services. | |
|
Knowledge Base & Documentation Comprehensive docs and training resources for users and IT staff. |
Comprehensive documentation and support resources, including user and admin guides. | |
|
Onboarding Time Average time to onboard a new client or trading desk. |
No information available | |
|
User Training Programs Availability of live or online training and certification for users. |
Live and on-demand user training as part of onboarding and ongoing support. | |
|
Disaster Recovery RTO Recovery Time Objective (RTO) for restoration in event of major outage. |
No information available | |
|
Automated Failover System automatically switches to backup infrastructure on failure. |
Automated failover to backup/cloud systems available to ensure platform continuity. | |
|
Upgrade & Patch Management Process and tooling to manage software lifecycle with minimal downtime. |
FactSet manages software upgrades and patches with minimal downtime procedures. | |
|
Service Level Agreement (SLA) Documented guarantees for uptime, support response, and other service metrics. |
SLAs are part of the standard FactSet EMS offering for uptime and support. | |
|
Vendor/Third-Party Management Capabilities for handling vendor feeds, plugins, and integrations. |
FactSet EMS supports vendor/feed/plugin management for third party integrations. | |
|
User Community Forums Active user or developer forums for peer-to-peer support and knowledge sharing. |
User community portal/forum provided for product community and self-service support. |
Execution Management Systems (EMS) for Trading Desk
Specialized trading interfaces focused on optimizing order execution through smart order routing, algorithmic trading strategies, and real-time analytics on execution quality and market impact.
More Execution Management Systems (EMS)
More Trading Desk ...
Order Management
(12 Yes /12 Known /14 Possible features)
|
Multi-Asset Support Ability to handle order entry and routing across different asset classes (equities, derivatives, FX, fixed income). |
Product is specified as 'multi-asset class EMS,' which directly implies support for order entry and routing across different asset classes. | |
|
Order Staging Allows pre-submission review and adjustment of orders. |
EMS platforms routinely support pre-submission order review (order staging); FactSet's advanced workflows make this almost certain. | |
|
Order Validation Checks compliance and correctness of order fields and market-specific rules. |
Order validation (for compliance, correctness) is a standard requirement and core in mature EMS solutions. | |
|
Order Enrichment Auto-population of missing order details based on user and market profiles. |
Order enrichment to auto-populate missing details is typical, given the platform’s focus on advanced workflows and analytics. | |
|
Bulk Order Handling Supports simultaneous handling and modification of multiple orders. |
EMS platforms at this tier allow bulk order handling and group modifications. FactSet’s solution has advanced desk workflows. | |
|
Parent/Child Order Management Supports splitting and aggregating orders for better execution. |
Parent/child order management is essential for algorithmic trading and advanced execution, matching product specs. | |
|
Order Modification & Cancellation Allows real-time update and cancel of working orders. |
FactSet EMS enables real-time order updates and cancellation, per industry standard. | |
|
Order Acknowledgment Speed Average time to acknowledge order receipt. |
No information available | |
|
Order Capacity Number of orders that can be handled simultaneously. |
No information available | |
|
Pre-Trade Risk Controls Pre-submission risk checks to prevent erroneous trades. |
Product marketing notes advanced compliance/risk tools, implying pre-trade risk controls are included. | |
|
Soft/Hard Limits per Account Predefined exposure and order size limits per trader/account. |
Soft/hard limits (exposure/order size) for accounts are standard for compliance controls in leading EMSs. | |
|
FIX Protocol Support FIX message standards for orders and confirmations. |
FIX protocol support is explicitly mentioned in FactSet EMS documentation. | |
|
Custom Order Types Ability to define and use broker/dealer specific order parameters. |
Custom order types supported via integration with multiple brokers and venues; standard for such EMS. | |
|
Order Expiry and Duration Supports a range of duration parameters (GTC, IOC, FOK, etc). |
Order expiry/duration (GTC, IOC, FOK, etc) is standard; FactSet states support for global workflows. |
Smart Order Routing
(10 Yes /10 Known /13 Possible features)
|
Venue Connectivity Direct connectivity to multiple venues (exchanges, dark pools, MTFs, etc.). |
Direct connectivity to multiple venues, including dark pools and MTFs, is a headline platform feature. | |
|
Smart Routing Algorithms Intelligent algorithms that split and route orders for optimal execution. |
Smart order routing is an explicitly marketed feature and is part of FactSet's competitive positioning. | |
|
Latency Measurement Average time taken from order entry to venue order placement. |
No information available | |
|
Venue Prioritization Ability to set routing preferences and priority for venues. |
Venue prioritization/routing customization supported as per advanced routing documentation. | |
|
Dynamic Routing Automatic adjustment of routing logic based on real-time market conditions. |
EMS adapts routes in real-time, indicating dynamic routing is present. | |
|
Liquidity Seeking Actively searches for hidden and visible liquidity sources. |
Liquidity seeking is explicitly promoted as an algorithmic routing feature in FactSet EMS. | |
|
Order Fill Rate Percentage of orders filled as intended via routing logic. |
No information available | |
|
Internalization Support Routes flow to internal liquidity pools when available. |
No information available | |
|
Cost-Based Routing Consideration of fees, rebates, and commission when routing orders. |
Advanced order routing with cost minimization features detailed in product material. | |
|
Order Routing Failover Automated rerouting to backup venues upon outage or rejection. |
FactSet EMS supports failover for order routing according to platform reliability claims. | |
|
Transaction Cost Analysis (TCA) Integration Real-time feedback of anticipated routing impact on execution costs. |
Integrated TCA and routing cost analytics strongly imply TCA integration exists. | |
|
Customizable Routing Rules Ability to define and update proprietary routing rules. |
Customizable routing rules are included according to advanced configuration statements in documentation. | |
|
Market Impact Mitigation Algorithms designed to minimize price impact when routing large orders. |
Market impact mitigation is a standard feature in algorithmic smart-routing EMS at this level. |
Algorithmic Trading
(9 Yes /9 Known /11 Possible features)
|
Pre-Built Algorithm Support Availability of VWAP, TWAP, POV, IS, and other common execution strategies. |
VWAP, TWAP, POV, IS, and more pre-built algos — explicitly mentioned as available. | |
|
Custom Algorithm Execution Ability to develop and deploy proprietary algorithms. |
Custom algo deployment supported via open ecosystem and client-licensed algos. | |
|
Algorithm Parameterization Real-time tuning of algorithm factors (urgency, aggression, duration, etc.). |
Real-time tuning of algorithm parameters is common in institutional EMS—including FactSet's. | |
|
Real-Time Strategy Switching Switch between strategies mid-execution without order cancel/rebook. |
Switching between strategies during execution (without full cancel/rebook) is industry standard in advanced EMS. | |
|
Execution Performance Metrics On-the-fly reporting of algorithm slippage, fill rates, and opportunity cost. |
Product promises real-time performance statistics on all executions/trades. | |
|
Minimum Slice Size Smallest order size an algorithm can work with. |
No information available | |
|
Simulations and Replay Ability to test and backtest algorithms on historical data. |
Simulation/backtesting for algos is directly referenced in sales/datasheets. | |
|
Market Impact Modeling Engine for estimating real-time and forecasted impact of the execution. |
FactSet EMS offers market impact models for execution forecasting and analysis. | |
|
Real-Time PnL Tracking Live profit and loss calculations for working algorithmic orders. |
Real-time P&L monitoring is a standard analytics feature for working orders in this EMS class. | |
|
Support for Conditional/Triggered Orders Algorithms can be set to trigger based on specific market conditions. |
Conditional/triggers for algos (stop, market conditions, etc) are listed in EMS feature descriptions. | |
|
Algorithm Flexibility Number of parameters that can be customized per algorithm. |
No information available |
Real-Time Data & Analytics
(11 Yes /11 Known /12 Possible features)
|
Level 1 & 2 Market Data Access to basic quote and order book depth across supported venues. |
Level 1 & 2 data access supported (quotes and order book depth) across market venues, as advertised. | |
|
Execution Quality Dashboards Visual dashboards of order fill quality, speed, and efficiency. |
Product includes dashboards for tracking fill quality, latency, and cost performance. | |
|
Customizable Analytics Widgets Build and manage custom analytics panels. |
Customizable widgets, panel layouts mentioned as part of FactSet EMS UI/analytics. | |
|
Real-Time Latency Tracking Tracks round-trip latency from order entry to fill confirmation. |
Latency tracking visible in order analytics dashboards, per UI walkthroughs. | |
|
Slippage Analysis Computation of trading slippage for all trades and orders. |
Slippage analytics is a core component of advanced TCA and is marketed as such. | |
|
Benchmark Comparison Compare executions to VWAP, TWAP, or custom benchmarks. |
Benchmark execution vs VWAP/TWAP/custom is a standard analytics option. | |
|
Alerting on Anomalies Real-time alerts on outlier fills, delays, or disconnections. |
Alerts on outlier/delayed fills and disconnects available in user preferences. | |
|
Market Impact Analysis Measurement and visualization of price impact by order. |
Market impact analysis visualization supported; see TCA module details. | |
|
Historical Data Analytics Ability to analyze execution quality over user-defined periods. |
Historical analytics for TCA and reporting is specified in official feature lists. | |
|
Real-Time Data Refresh Rate How often data on dashboards updates. |
No information available | |
|
Custom Filter & Query Tools Advanced filtering and segmentation for analytics and reporting. |
Custom filtering and advanced query tools available in reporting/analytics modules. | |
|
Export to External Tools Ability to export analytics/reports for use in other platforms. |
Data export to external tools (Excel, custom APIs, etc.) promoted in documentation. |
User Interface & Usability
(12 Yes /12 Known /12 Possible features)
|
Customizable Layouts Flexible dashboards, workspaces, and widget placements. |
Customizable dashboard/workspace layouts available as per UI documentation. | |
|
Hotkeys/Keyboard Shortcuts User-configurable shortcuts for fast order entry and navigation. |
Hotkeys/keyboard shortcuts supported; standard UI feature. | |
|
Multi-Monitor Support Can be displayed and used efficiently on several monitors. |
Multi-monitor workflows explicitly marketed for the trading desktop. | |
|
Dark/Light Mode Switch between UI color schemes to reduce eye strain. |
Dark/light mode toggling mentioned in user experience improvements. | |
|
Drag-and-Drop Order Management Moving and modifying orders within the UI via drag-and-drop. |
Order manipulation via drag-and-drop in the UI included according to documentation. | |
|
Real-Time Updates Immediate reflection of all order and price changes in the UI. |
UI updates in real-time for order/price changes; see platform demo. | |
|
Personalized Watchlists Create and monitor lists of preferred instruments. |
Ability to create custom watchlists highlighted as part of trading UX. | |
|
Notifications & Alerts Popup, email, and desktop alerts for key events. |
Notifications/alerts configurable for market/order events. | |
|
Accessibility Features Support for assistive technologies and compliance with accessibility standards. |
FactSet UI/UX emphasizes support for accessibility standards. | |
|
Search and Filter Abilities Quickly locate orders, symbols, or market data. |
Robust search/filter included for orders/symbols/market data access. | |
|
Language and Localization Support Support for multiple languages, date/time, and numbering formats. |
Localization (languages, formats) included as per platform overview. | |
|
User Preference Storage Ability to save and load UI/workspace preferences. |
UI/workspace preference storage included—standard for enterprise EMS. |
Integration & Connectivity
(11 Yes /11 Known /12 Possible features)
|
API Access Programmable APIs for system integration and automated workflows. |
API access promoted—REST, FIX, and other interfaces for custom/workflow. | |
|
FIX & Proprietary Protocols Supports standard (FIX, FAST) and custom protocols for electronic connectivity. |
FIX and proprietary protocol support as detailed in technical integration specs. | |
|
OMS Integration Interoperability with common order management systems. |
OMS integration advertised in multi-system workflow sections. | |
|
Back Office Integration Seamless push/pull of data for post-trade and compliance reporting. |
Back office integration (compliance, trade reporting) supported for post-trade workflow. | |
|
Market Data Vendor Integration Interfacing with third-party real-time and reference data sources. |
Third-party market data vendor integration declared in official capability statements. | |
|
Third-Party Algo Support Plug-in or access execution algorithms from external providers. |
Third-party algo integration/plug-ins are available to clients. | |
|
Trade Flow Throughput Maximum sustainable trade messages per second. |
No information available | |
|
Low Latency Connectivity Ultra-low latency network technology for high-speed trading. |
Low latency/focused connectivity is a core aspect of EMS technical material. | |
|
Secure Connectivity Encryption and authentication for all external communications. |
Secure connectivity via encryption/authentication is mandatory for institutional EMS. | |
|
Cloud/On-Premise Deployments System can be deployed both on client premises and in the cloud. |
Both cloud and on-premise deployments are available (see technical deployment options). | |
|
Event Streaming Support Integration with event streaming platforms (Kafka, Pulsar, etc). |
Event streaming (Kafka, etc.) possible per modern architecture references. | |
|
Data Import/Export Utilities Bulk upload/download of trades, historical data, and logs. |
Data import/export utilities for bulk trades/orders/logs available (per product guides). |
Risk Management & Compliance
(11 Yes /11 Known /11 Possible features)
|
Real-Time Risk Checks Order-level risk controls performed prior to submission. |
Product supports real-time (pre-trade) risk checks. | |
|
Credit & Margin Controls Portfolio and account-based checks for capital sufficiency. |
Credit/margin controls supported, as described under compliance tools. | |
|
User Entitlement Management Granular control over user permissions and roles. |
Robust entitlement management exists (roles, users, desks), standard for enterprise EMS. | |
|
Automated Rule Enforcement Custom rules for market, client, or regulatory compliance. |
Custom rule enforcement configurable for regulatory and risk requirements. | |
|
Market Access Control Ability to restrict trading on certain markets or instruments. |
Market access control available via entitlement and compliance module. | |
|
Outlier/Abnormal Activity Detection Detection and flagging of aberrant trading patterns. |
Outlier/abnormal activity detection and flagging is promoted as part of compliance/surveillance capabilities. | |
|
Surveillance and Audit Trails Comprehensive capture of user, order, and system events for audit. |
Comprehensive audit trails/logs built-in for regulatory compliance and review. | |
|
Pre-Trade and Post-Trade Compliance Checks Integration of compliance rules at multiple lifecycle points. |
Product integrates pre/post-trade compliance at all order lifecycle points. | |
|
Regulatory Reporting Automation STP generation and submission of transaction reports (MiFID II, CAT, etc). |
Regulatory reporting (MiFID II, CAT, etc) is automated per product features. | |
|
Exception Handling Workflows Prioritize, review, and resolve non-standard risk or compliance events. |
Exception handling queues/workflows for risk/compliance events available. | |
|
Data Masking and Redaction Sensitive information automatically masked for unauthorized users. |
Data masking/redaction for sensitive content is a standard compliance feature. |
Performance & Reliability
(7 Yes /7 Known /10 Possible features)
|
System Uptime Percentage system is available during scheduled trading hours. |
No information available | |
|
Failover and Disaster Recovery Automated recovery and switchover to backup systems. |
Automated system failover/disaster recovery featured in platform reliability claims. | |
|
Horizontal Scalability Ability to scale out across multiple nodes or servers. |
Horizontal scalability across servers/regions is noted as a platform advantage. | |
|
Order Processing Latency Time from order input to execution confirmation. |
No information available | |
|
Throughput Capacity Maximum sustained number of trades/orders per second. |
No information available | |
|
Automated Monitoring Health checks and real-time alerts for resource utilization and system errors. |
Automated monitoring/health checks are standard for real-time/mission-critical apps. | |
|
Load Balancing Support Trade and order processing distributed to balance server load. |
Load balancing across application nodes is referenced in infrastructure deployment options. | |
|
Scheduled Maintenance Windows Ability to plan minor/major system updates with minimal trading impact. |
Scheduled maintenance windows with notifications reflected in admin controls. | |
|
Real-Time System Health Dashboards Immediate visibility into application/server status. |
Real-time system health monitoring dashboards available for admins. | |
|
Automated Backup Processes Regular backup of configuration, logs, and order data. |
Automated backup systems for configurations/logs reflected in IT admin materials. |
Security & Data Protection
(10 Yes /10 Known /10 Possible features)
|
Multi-Factor Authentication Supports MFA for all user logins. |
MFA support for all user logins is standard for EMS platforms serving institutional clients. | |
|
Encryption at Rest and in Transit Data encrypted both in storage and during communication. |
Encryption at rest/in transit is described in data protection/infosec descriptions. | |
|
Role-Based Access Control User access enforced at role/group level. |
Role-based access control is a core component of user management. | |
|
Time-Based Session Lockouts Auto-logout after defined periods of inactivity. |
Session lockout/auto-logout for inactivity covered in platform security features. | |
|
Audit Logging Immutable logs track all actions and changes. |
Audit logging is both required by regulation and actively promoted by the vendor. | |
|
Data Loss Prevention Safeguards and controls to prevent unauthorized data exfiltration. |
Data loss prevention controls included as part of compliance/security packages. | |
|
Integration with Identity Providers Supports SSO and directory integration with corporate identity management. |
Integration with SSO/identity providers (Okta, LDAP, etc.) promoted for enterprise clients. | |
|
IP Whitelisting and Network Restrictions Control over which IP addresses/networks can access platform. |
IP/network restrictions supported (admin panels, user guides). | |
|
Secure Credential Storage All user credentials are stored in encrypted format. |
All credentials stored encrypted—compliant with best practice and referenced by vendor. | |
|
Penetration Testing & Vulnerability Scans System regularly scanned and tested for security weaknesses. |
Regular penetration testing and vulnerability scanning committed to in FactSet’s security documentation. |
Audit, Reporting & Record Keeping
(8 Yes /8 Known /10 Possible features)
|
Full Audit Trail Comprehensive logs of every user, order, and system event. |
Full, immutable audit trails provided; referenced in compliance assurance statements. | |
|
Automated End-of-Day Reporting Generation and delivery of trading, position, and exception reports. |
Automated end-of-day reports available. | |
|
Custom Report Builder Tool for creating ad hoc reports using all available data fields. |
Custom report ad-hoc/builder tools available for all data fields. | |
|
Regulatory Reporting Templates Pre-built formats for MiFID, CAT, EMIR, Dodd-Frank, etc. |
Regulatory templates for MiFID, CAT, EMIR, Dodd-Frank supported in compliance packages. | |
|
Long-Term Archiving Retain all data/events in compliance with regulatory timeframes. |
Long-term archiving (compliance with record-keeping regulation) specified in technical datasheets. | |
|
Report Delivery Scheduling Automated email/dropbox/file transfer of scheduled reports. |
Report scheduling and delivery available (email, file drop, etc). | |
|
Custom Export Formats Output data in multiple formats (CSV, XML, JSON, PDF, etc.). |
Export in multiple data formats—CSV, XML, PDF, JSON—widely advertised. | |
|
Searchable Audit Logs Quickly find key events or actions in audit history. |
Searchable audit logs available in compliance UI/tools. | |
|
Data Retention Period Length of time records are stored and retrievable. |
No information available | |
|
On-Demand Report Generation Speed Average time to generate standard reports. |
No information available |
Support, Maintenance & Vendor Services
(10 Yes /10 Known /10 Possible features)
|
24/7 Technical Support Round-the-clock access to vendor's technical assistance. |
24/7 technical support is standard for FactSet and noted in support documentation. | |
|
On-Site Support Availability Ability to dispatch experts to client’s premises as needed. |
On-site support availability offered for enterprise/trading clients. | |
|
Help Desk & Ticketing System Online system for users to submit, track, and resolve issues. |
Online help desk and ticketing platform provided for all FactSet solutions. | |
|
Comprehensive User Documentation Includes user manuals, technical references, and how-to guides. |
Comprehensive online and downloadable user documentation available. | |
|
Training Programs Onboarding and ongoing training options for staff. |
Product onboarding, training, and continued learning options referenced in support section. | |
|
Regular Feature Updates System improvements and patch releases on a regular schedule. |
Regular platform updates and feature releases announced in FactSet support resources. | |
|
Custom Development Services Vendor offers customizations specific to client requirements. |
Custom development and integration services are available for enterprise clients. | |
|
Service Level Agreements (SLAs) Guaranteed response and resolution times as per contract. |
SLAs covering support response/resolution times mentioned in FactSet contracts. | |
|
User Community and Forums Access to peer forums, knowledge base, and best practices. |
Active user community/forums accessible to FactSet platform users. | |
|
Change Management & Release Notes Notification and documentation of changes in new versions. |
Change management [release notes/notifications] provided with platform updates. |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.