A Malaysian company has selected Bloomberg’s sell-side order and risk management solutions.
Officials say the Affin Group, a Malaysian banking and financial services company headquartered in Kuala Lumpur, has selected Bloomberg’s Sell-Side Order and Risk Management suite of solutions to improve workflows, strategic decision-making, and its regulatory reporting framework.
The Affin Group will implement Bloomberg TOMS, a sell-side order management system (OMS), to help the company “realize operational efficiencies that allow the firm to conduct real-time monitoring on positions, profit and loss (P&L) and risks on client portfolios,” officials say.
The Bloomberg MARS risk management system is intended to help the Affin Group “enhance limit monitoring processes and introduce pre-trade limit checks, while staying on top of evolving regulatory requirements including Islamic structured products,” according to the announcement. “Together, TOMS and MARS will provide the firm with a comprehensive view of their treasury workflow.”
“Malaysia’s financial services market is evolving rapidly as the industry transitions from manual to electronic trading,” says Datuk Wan Razly Abdullah, president and group CEO of Affin Bank Berhad, in a prepared statement. “At AFFIN Group, digital transformation is not just an enabler; it is the backbone of our journey to becoming a modern and progressive bank.”
The Bloomberg solutions for the sell side offer firms the ability to “efficiently manage inventory, risk, P&L, compliance, and straight-through processing across various asset classes,” officials say. “The suite of solutions also includes market connectivity and trading tools to support a firm’s electronic trading workflows and help firms synchronize their front office risk and trading with middle-office, operations, and enterprise applications in real-time.”
Affin Bank Berhad operates as the financial holding entity of Affin Islamic Bank Berhad, Affin Hwang Investment Bank Berhad, Affin Moneybrokers Sdn Bhd, officials say. Generali Insurance Malaysia Berhad and Generali Life Insurance Malaysia Berhad are affiliated companies of Affin Bank Berhad.
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