The investment banking and equities trading units of Maybank Kim Eng have gone live with a new order management and execution platform intended to help the firm unify its regional trading support and bolster global growth, according to bank officials. Maybank Kim Eng is using trading technology from vendor Fidessa, and went live in November… Read More >>
Nordea Bank Scores Breakthrough with Repo Trading
Nordea Bank, a large financial services group in Northern Europe, has been working with post-trade services provider Omgeo and investment management software vendor SimCorp to automate its repurchase agreement (repo) post-trade matching process, and recently matched its first live repo trade. The Stockholm-based bank recently processed a repo instrument between itself and Swedish administrative services… Read More >>
BBH to Use Enhanced Omgeo Alert Service
Post-trade services provider Omgeo, a wholly owned subsidiary of the DTCC, reports that Brown Brothers Harriman (BBH) has become the first global custodian bank to go live on Omgeo’s new GC Direct-enabled Alert service. The Omgeo Alert GC Direct offering is intended to improve “the management of account information and standing settlement instruction (SSI) data… Read More >>
Ops Needs Hub to ‘Take Out Operational Risk and Cost’ of KYC
(Editor’s note: Designed for simplifying client data gathering and document management, the Clarient Entity Hub utility service of Clarient Global went live in the spring with the support of Barclays, BNY Mellon, Credit Suisse, Goldman Sachs, JPMorgan Chase and State Street. The hub targets the client onboarding and client lifecycle operations such as know your… Read More >>
‘I think there’s a big focus on back office now’
Andy Brown is the CEO and co-founder of Sand Hill East, a Basking Ridge, N.J.-based, soup-to-nuts incubator for financial technology startups of all kinds, including post-trade vendors such as Alpha Omega Financial Systems. The San Francisco-based startup is pushing for the post-trade use of the FIX protocol to eliminate manual Ops systems and to deliver… Read More >>
FTF News Q&A: ‘Centralizing Data Lowers Operational Costs’
The post-trade infrastructure services provider DTCC recently launched a set of centralized data provisioning services — DTCC Data Products — that includes an expansion of the DTCC’s support for exchange traded funds (ETFs) and corporate actions, ISO 20022-based data product offerings. The consolidation of DTCC data products and data provisioning is the first phase in… Read More >>
It’s Time for T+2 and FTF Focus Magazine
A very warm spring has come to the New York City area this week and coincidentally we are debuting a new online magazine from FTF News (a printed version is also available). To underscore our new commitment to magazine journalism, we have renamed the publication “FTF Focus,” and for this special edition, we took on… Read More >>
EU’s T+2 Move Exposes LEI, Regulatory Challenges
Most industry observers say the initial move to a shorter, trade date plus two business days (T+2) settlement cycle went smoothly in Europe last year and a recent survey by post-trade systems and services provider Omgeo mostly confirms this assessment. However, the report also finds that more progress is needed for the wider usage of… Read More >>
DTCC Integrates Omgeo’s ProtoColl with MTU
Post-trade services utility, the DTCC has announced that the ProtoColl front-end collateral management system from Omgeo, a DTCC subsidiary, has now been integrated with DTCC-Euroclear GlobalCollateral Ltd.’s Margin Transit Utility (MTU), a solution to facilitate the settlement of margin obligations, officials say. The integration will let Omgeo ProtoColl clients gain a view “of all transactions… Read More >>
Omgeo Offers SSI Support for Custodians, Prime Brokers
Post-trade service provider Omgeo is attempting to automate more of the back-and-forth between custodians, brokers and their clients in the latest release of its Omgeo Alert solution, version 5.0. Alert 5.0 adds the Global Custodian Direct feature, which enables global custodians and prime brokers to electronically maintain “timely and accurate standing settlement instructions (SSI) on… Read More >>
