BMO Capital Markets has expanded its use of SunGard's Global One, a suite of securities finance solutions for trade processing, operations and reporting.
A SunGard customer since 2009, BMO Capital Markets rolled out Global One for its Global Equity Finance business. Global One already supports the firm's U.S. and international business.
Tony Venditti, managing director, Global Equity Finance, BMO Capital Markets, said, "We have been using Global One in our New York and London offices for several years and adopted the system in Toronto earlier this year to consolidate our global securities finance operations onto one technology platform. As we expanded our securities lending activity in multiple regions around the world, we've made it a priority to utilize advanced technology platforms that will help us meet our clients' needs for timely and accurate reporting. Consolidating onto SunGard's Global One is helping automate our manual processes and providing enhanced reporting capabilities for both regulators and clients."
Craig Costigan, executive vice president and general manager for SunGard's Global One business unit, said, "As firms look to control the costs of their securities finance operations, SunGard's Global One can help them increase efficiencies through a single global platform."