SunGard product rolled out for global equity finance business.
BMO Capital Markets will extend its use of SunGard's Global One software to its global equity finance business, the vendor has announced.
BMO already uses Global One, which handles trade operations, processing and reporting, in its US and international business. The move is aimed at helping with regulatory obligations and increasing machine-led processes.
"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," says Tom Venditti, managing director of global equity finance at BMO Capital Markets. "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."
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