Nomura Asset Management taps Omgeo CTM to standardise post-trade processes

Source: Omgeo

Omgeo, the global standard for post-trade efficiency, announced today that Nomura Asset Management, one of Japan's largest investment managers, is now using Omgeo Central Trade Manager (Omgeo CTM) for the central matching of its Japanese domestic equity trades.

Omgeo CTM can be used to centrally match equity, fixed income, exchange-traded derivative (futures and listed options) and contracts for difference trades. When investment managers and broker/dealers adopt the service, they gain instant access Omgeo's global community, including over 1,300 clients using Omgeo CTM. The Omgeo CTM community grew 35 percent between 2011 and 2012.

Omgeo's Executive Director for Sales and Solution Delivery, Nellie Dagdag, said, "This is certainly a significant milestone in the Japan domestic equity market. We've been actively working with Japanese firms to bring increased efficiency and standardization to Japan's cross-border trade operations for over a decade. We look forward to continuing to work with our community to set new standards for operational efficiency across Japan's domestic market."

Central trade matching offers improved same-day affirmation (SDA) rates and enhanced settlement efficiency, and financial market participants continue to adopt central matching via Omgeo CTM. Centrally matched trades on Omgeo CTM achieve same-day affirmation rates of 93 percent on average, versus locally matched trades with SDA rates ranging from just 36 percent in the US domestic market to up to 72 percent for cross border and non-US domestic transactions.

Omgeo CTM is an automated solution for the central matching of cross-border and domestic trades, with pre-established links to the Japanese Securities Depository (JASDEC), as well as the Canadian Securities Depository (CSD), Korean Securities Depository (KSD) and DCV (Chilean Securities Depository). The solution enables market participants to leverage real-time central matching capabilities for full transparency of trade status to both parties, as well as reduced latency and greater scalability due to faster processing rates and increased capacity. 

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