OBS-WPS has it's own order management system. The individual securities orders are recorded by the investment / porfolio manager and are electronically routed to the order desk for execution. Straight-Through Processing (STP) was a very important pre-requisite in the development of the order management / routing functionality.

The following order management / order routing functionality is offered in OBS-WPS:

• Management individual orders
• Management bulk orders
• Management and monitoring of limit orders
• Verification and monitoring of inventory and blocks as well as the adherence to the investment guidelines
• Automated processing of incoming orders (e.g. from SWIFT, FIX)
• Routing of orders to the appropriate dealer or to an electronic dealing system / stock exchange (e.g. Xetra, Xontro or via SWIFT or FIX to brokers)