OMS (Order Management System)
The software layer between strategies and the broker: it tags each order with its owning strategy, validates it against limits and available cash, routes it, tracks its lifecycle, and matches fills back to their owner. In multi-strategy accounts the OMS is what makes isolation real rather than aspirational.
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Related terms
Strategy SleeveAn isolated slice of a brokerage account dedicated to one strategy: it…FillThe execution of an order — the moment shares actually change hands at…
Backtests are hypothetical, computed by DeployQuant's engine on minute-resolution consolidated US market data (2021-01-04 to 2026-07-17, $10,000 starting capital, no margin, fees and slippage not modeled) and do not guarantee future results. Nothing on this page is investment advice. Live trading involves risk of loss.