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Order Management System (OMS)

Order Management System (OMS)

A Service through which brokerage firms can Create their own trading screens that meet their needs to enter buy and sell orders into the electronic trading system instead of the exchange's trading screens, and for this purpose the exchange enabled the broker to connect with electronic trading system through the Data Exchange Gate (FIX Gateway) & the Data Feed Dissemination system, conditioned with brokerage firm’s subscription with two trading screens from the exchange for use in emergency cases and Block Trades, in conformity with the provisions of providing live trading data bases for Exchange members. For this purpose, the ASE has prepared a guide that organizes all requirements that fully comply with order management systems in brokerage firms.

 

Advantages of the Order Management System

1- Operating the Desired number of Screens that meet Broker’s needs for the purpose of entering, managing, and controlling orders, in conformity with the provisions of providing live trading data bases for Exchange members.

2- Providing Internet trading service to the Broker’s clients after applying for this service and fulfilling all requirements mentioned in the Directives of trading with Securities at the ASE.

3- Working as a licensed data distributor for the Amman Stock Exchange after signing the required agreement.

Service Requirements

1- The application for OMS approval on the brokerage firm's site.

2- The broker's connection with electronic trading system through the Fix Gateway and the Live Data Feed system.

3- The system must meet the functional and technical requirements of the ASE that are mentioned in the guide before starting to be tested by the ASE.

4. The broker's commitment to operate OMS and Live Data Dissemination only in its licensed site.

5- The broker's commitment to pay all fees mentioned in the provisions of providing live trading data bases for Exchange members.

6- Signing the Data Dissemination agreement if the broker wants to work as licensed data distributor for the Amman Stock Exchange.

 

Service Fees

Service

Fees

Broker’s connection with electronic trading system through the Fix Gateway and the Live Data Feed system.

The broker's market share by calculating his average trading volume to the average market trading volume during the last three years.

Broker’s market share is less than or equal to 1%

JD 2000 Annually

Broker’s market share is more than 1% till 2%

JD 4000 Annually

Broker’s market share is more than 2% till 5%

JD 6000 Annually

Broker’s market share is more than 5% till 10%

JD 8000 Annually

Broker’s market share is more than 10%

JD 10000 Annually

Retest OMS for the broker and Approval to modify

JD 150

 

 

Brokers using OMS

Number

Broker

1

ARAB COOPERATION FINANCIAL INVESTMENTS CO.

2

UNITED FINANCIAL INVESTMENTS PLC.

3

AL-BILAD FOR SECURITIES AND INVESTMENT

4

EXCEL FOR FINANCIAL INVESTMENT

5

AL-WATANIEH FOR FINANCIAL SERVICES CO.

6

AJIAD FOR SECURITIES

7

AL-AULA FINANCIAL INVESTMENTS CO.

8

UNION FINANCIAL BROKERAGE

9

EMERGGING MARKETS FOR FINANCIAL SERVICES & INVESTMENT CO.

10

ISTITHMAR FOR FINANCIAL SERVICES

11

CAPITAL INVESTMENTS

12

SABAEK FOR FINANCIAL SERVICES

13

INTERNATIONAL FINANCIAL CENTER

14

AL-AMAL FINANCIAL INVESTMENTS CO.

15

EFG-HERMES JORDAN

16

GLOBAL INVESTMENT HOUSE-JORDAN

17

AL-YASMEEN FOR SECURITIES & INVESTMENTS

18

AL-SALAM FOR FINANCIAL INVESTMENTS

19

SANABEL AL-KHAIR FOR FINANCIAL INVESTMENTS

20

AL ARABI INVESTMENT GROUP CO.

21

MISC FINANCIAL BROKERAGE CORPORATION

22

AL-OMANA'A PORTFOLIO AND INVESTMENT CO.

23

RUMM FINANCIAL BROKERAGE

24

IBDA' FOR FINANCIAL INVESTMENT

25

DELTA FINANCIAL INVESTMENTS

26

JORDAN GULF INVESTMENT CO.

27

AL-MAWARED FOR BROKERAGE

28

JORDANIAN EXPATRIATES FOR FINANCIAL BROKERAGE

30

INTERNATIONAL FINANCIAL ADVISORS

31

AL-HEKMA FINANCIAL SERVICES

32

TANMIA SECURITIES INC.

33

UMNIAH FOR FINANCIAL INVESTMENTS

34

AL-SAHM INTERNATIONAL FOR INVESTMENT & BROKERAGE

35

Noor Almal for Financial Brokerage and Foreign Stock

36

SHUA'A FOR SECURITIES TRADING AND INVESTMENT

37

BLOM SECURITIES

38

ARAB SWISS FINANCIAL INVESTMENTS