PT Schroder Takes Omgeo for Post-Trade Automation
Omgeo CTM manages domestic and cross-border central matching for equities, fixed income, exchange-traded derivatives and contracts-for-difference trades. PT Schroder will use the software to introduce automation in its post-trade processes, and will partner with Omgeo on an initiative to drive broker-dealers towards an automated standard in the region.
"As the largest investment manager in Indonesia, it is important that we take the lead in helping the industry move forward on automation as it minimizes risks when managers seek improvements to their operational throughputs," says Veronica Low, head of portfolio services in Asia-Pacific at PT Schroder. "This is particularly important in the Indonesian market where the back office is constantly under pressure to report matched trades to the custodians within a very tight turnaround time for Net Asset Value calculation."
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