22 August 2017
Find out more

Royal London Asset Management processes live trades on Omgeo CTM

07 August 2002  |  4302 views  |  0 Royal London Asset Management processes live trades on Omgeo CTM

Royal London Asset Management (RLAM) has become the first investment management firm to centrally match cross-border live trades over Omgeo's Central Trade Manager (Omgeo CTM).

The first trades were carried out with broker, Dresdner Kleinwort Wasserstein (DrKW) and were processed on Omgeo CTM using Thomson Financial’s Icon investment accounting system. RLAM was able to centrally match its trades to broker confirmation, streamlining its front and back office functions, say the companies.

Omgeo CTM is a new central matching solution for domestic as well as cross-border trades worldwide, also providing real-time settlement instruction enrichment and settlement notification messaging.

Thomson's Icon product is a back office fund management and administration solution, designed to manage and account for securities and currencies in all types of funds and all sizes of institutions.

Julian Baines, investment servicing manager, RLAM, says: "Through Omgeo CTM and Thomson Financial’s Icon, we are able to provide our clients with a highly efficient and streamlined service that means manual intervention is kept to a minimum, reducing trade failure risks and facilitating a more risk-free based approach."

Adam Bryan, president and CEO, Omgeo, comments: "Given the Securities Industry Association’s recent pronouncement regarding its T+1 initiative, it is encouraging to see that firms understand that central matching is the way forward as it helps them to maintain their competitive edge."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Omgeo streamlines business intelligence with Brio

Omgeo streamlines business intelligence with Brio

05 August 2002  |  3294 views  |  0 comments
DTCC pushes ahead with STP

DTCC pushes ahead with STP

23 July 2002  |  4885 views  |  0 comments
SIA postpones T+1; introduces new STP programme

SIA postpones T+1; introduces new STP programme

19 July 2002  |  7230 views  |  0 comments
Clover Capital Management goes live on Indata STP platform

Clover Capital Management goes live on Indata STP platform

16 July 2002  |  2884 views  |  0 comments
First State Investments chooses Mercator for STP

First State Investments chooses Mercator for STP

27 June 2002  |  3514 views  |  0 comments
Omgeo signs up thirteen new CTM early adopters

Omgeo signs up thirteen new CTM early adopters

26 June 2002  |  3205 views  |  0 comments
Bloomberg to link OMS to Omgeo

Bloomberg to link OMS to Omgeo

25 June 2002  |  7496 views  |  0 comments
Microsoft and CapCo unveil STP alliance

Microsoft and CapCo unveil STP alliance

19 June 2002  |  27636 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.comvisit www.worldpaymentsreport.com

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11886 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10301 views comments | 22 tweets | 31 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9907 views 0 | 5 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9619 views comments | 10 tweets | 8 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9592 views comments | 19 tweets | 23 linkedin

Featured job

Find your next job