Vanguard goes live with OM retail order management system

Pennsylvania-based Vanguard Brokerage Services has gone live with OM's Retail Order Management system.

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Vanguard goes live with OM retail order management system

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The in-house system will enable clients to access accounts and initiate orders via the Internet, a voice response system or directly with a broker.

Vanguard will be able to control customer interfaces and change its web front end to meet individual business requirements.

The brokerage will maintain real-time links to Pershing's back office clearing and settlement system.

Richard Luzzi, principal, Vanguard Brokerage Services, says: "The OM system is a key component of a broad, multiyear business strategy focused on enhancing our client delivery channels as well as improving our control of trade executions."

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