Trustron Adopts Omgeo CTM

South Korea-based Trustron Asset Management has selected Omgeo Central Trade Manager (CTM) to handle its domestic post-trade equities activity, the firm has announced.
The adoption of CTM will allow the firm to standardize and automate its post-trade settlement and matching operations. It will also utilize Omgeo's web-based settlement notification service Alert. A number of other Korean firms also use the platform, which also eases settlement communications between asset managers and custodian banks.
"We are pleased to announce our partnership with Omgeo. Since implementing Omgeo CTM and Alert, we have seen a significant reduction in our workload, reducing operational risks, resource demands and manual processes in both the confirmation/affirmation Standing Settlement Instruction data enrichment processes," says Lee Sung Won, senior EVP and head of the management strategy department at Truston. "We believe that Truston is now a few steps ahead of its competitors, and we are expecting increased investment opportunities in the near future."
Omgeo is owned by the US Depository Trust and Clearing Corporation (DTCC).
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Back-Office Technology
Waters Wavelength
Waters Wavelength Podcast: A tech unicorn's take on cloud and infra in the capital markets
Andy Volz, chief operating officer at capital markets fintech firm Clear Street, joins Tony on the podcast to talk about cloud and infrastructure woes in the capital markets.
Subscribe to Weekly Wrap emails
Most read
- WatersTechnology Asia Awards 2022: All the Winners
- Escaping the ‘data swamp’: GoldenSource aims to improve data lake, warehouse analytics
- PFOF regulation and market data: What does the future hold?
- Waters Wavelength Podcast: A tech unicorn's take on cloud and infra in the capital markets
- FactSet blends ML, NLP for predictive data analysis