Third Avenue Management Presses On With New EMS and OMS Despite US Shutdown Uncertainty
Third Avenue Management is set to introduce a new execution and order management system (EMS and OMS) in 2025, according to Michael Warlan, the global head of trading and operations. However, the global stock market is currently grappling with uncertainty due to the ongoing US Government shutdown, which may impact the smooth implementation of this new system.
Michael Warlan, speaking on behalf of Third Avenue Management, has acknowledged challenges in implementing the new system. He attributes these hurdles partly to the market unease caused by the US Government shutdown. The shutdown has led to uncertainty and potential volatility, making it difficult to predict how the stock market will respond to the new EMS and OMS system.
Despite these challenges, Third Avenue Management remains committed to the project. The new system is designed to enhance trading efficiency and accuracy, a crucial step in the company's digital transformation strategy.
As the US Government shutdown continues, stock market uncertainty persists, potentially affecting the rollout of Third Avenue Management's new EMS and OMS system. Nevertheless, the company is pressing ahead with the implementation, aiming to improve trading processes and stay competitive in the ever-evolving financial landscape.
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