17 August 2017
visit www.avoka.com

Daiwa live with Fiserv TradeFlow and Omgeo CTM

12 October 2010  |  3024 views  |  0 Source: Fiserv

Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that Daiwa Securities Capital Markets is the first broker in Japan to go live with TradeFlow from Fiserv and Omgeo Central Trade Manager (Omgeo CTM).

By adopting the joint offering, Daiwa will take advantage of Omgeo CTM's central matching capabilities from their TradeFlow platform in order to improve same day affirmation rates, reduce operating costs and decrease trade failures.

Prior to moving to Omgeo CTM, Daiwa was using the Omgeo OASYS Global(SM) platform. The migration to Omgeo CTM will allow Daiwa to leverage the central matching platform to accelerate the trade process and move their trades more quickly to settlement, lowering costs and mitigating operational risks. In addition, Omgeo CTM will double Daiwa's processing capacity to 10,000 trades a day, an increase from the previous 5,000 trades it was able to process, with a faster turnaround time than ever before. With Omgeo CTM's flexible and non-sequential workflow, Daiwa will be able to participate in the resolution of exceptions without being solely dependent on an investment manager for exception resolution.

"We started working with Fiserv over six years ago in our London branch and continue to do so because of their ability to understand our business needs and provide local onsite expertise," said Hirofumi Iida, Deputy General Manager, Global Equity Trading Department, Daiwa. "With the Fiserv TradeFlow for Omgeo CTM implementation, our clients can take a proactive role in the matching process through to exceptions management."

"The faster Daiwa can match and reconcile trades, the quicker they can reduce costs and settlement failure," said Cheryl Nash, senior vice president, Strategic Marketing and Business Development, Investment Services, from Fiserv. "TradeFlow for Omgeo CTM enables financial organizations to effectively manage the settlement process and review matching status for greater responsiveness to exceptions and increased efficiency."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10318 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9691 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9567 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8522 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7998 views comments | 1 tweets | 2 linkedin

Featured job

London, UK (or flexible)

Find your next job