Third Avenue Management Upgrades Trading Infrastructure Amidst U.S. Shutdown
Third Avenue Management, a prominent investment firm, is set to upgrade its trading infrastructure with a new execution and order management system (EMS and OMS). This move comes amidst market uncertainty caused by the ongoing U.S. government shutdown.
The new system, designed to enhance trading efficiency and accuracy, faces implementation challenges. However, its significance in today's dynamic trading environment is undeniable. Michael Warlan, global head of trading and operations at Third Avenue Management, has expressed concerns about market unease due to the shutdown. Despite the challenges, the firm is committed to the upgrade, underscoring its dedication to staying ahead in the competitive trading landscape.
Third Avenue Management's new EMS and OMS system promises improved trading capabilities. Despite the current market volatility due to the U.S. government shutdown, the firm remains focused on this strategic upgrade, demonstrating its commitment to staying at the forefront of the trading industry.
