RFP for Order Management System

The State of Colorado is seeking a comprehensive Order Management System (OMS) to streamline fixed income and money market trading operations. The OMS should reduce reliance on manual processes, ensure compliance with applicable state and federal regulations, and deliver secure, scalable, and integrated technology that enhances transparency and operational efficiency. The system should be able to consolidate order creation, execution, and monitoring into a single platform, provide real-time dashboards and reporting, and integrate with external platforms such as Bloomberg and MarketAxess. The contract is expected to be for a term of 5 years, with the option to renew for up to 3 additional years. • Key features of the OMS include: • Consolidation of order creation, execution, and monitoring • Real-time dashboards and reporting • Integration with external platforms • Automated pre-trade compliance checks • Customizable reporting tools • Security measures including AES-256 encryption and multi-factor authentication • Ongoing support and maintenance