Itaú AM Taps Omgeo for Automated Post-Trade Processes

Sao Paulo-based Itaú AM has implemented Omgeo's suite.

Brazil’s largest investment manager, Itaú Asset Management, has implemented Omgeo services for central trade matching and settlement instruction capabilities.

Itaú has leveraged Omgeo Central Trade Manager (CTM) and Omgeo Alert to automate its cross-border transactions and post-trade processes with its broker-dealer counterparties worldwide.

"As the global markets have become more liquid and volumes continue to rise, automating our post-trade process became a top priority at the bank," says Ricardo Soares, director at Itaú. "The adoption of Omgeo CTM and Alert not only lowers overall risk and improves efficiencies, but it also demonstrates our commitment to implementing best-in-class solutions to drive our international platform and streamline interactions with our broker-dealer counterparties."

With $160bn in assets under management as of September 2013, Itaú is looking at extending the central matching capabilities to its domestic transactions in the future.

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