Trade matching isn’t enough: Omgeo ventures beyond traditional business to target fund managers for collateral services.
Why do some firms automate processing of Asian equities but not fixed income?
The Singaporean asset manager is aiming to boost straight-through processing rates for its fixed-income transactions to hit 75% by the year's end, from 45% now.
Their ability to operate across multiple markets will set an example for US, European peers, says Omgeo.
In their pursuit of growth, private banks in Asia risk losing out if they continue to neglect their middle and back offices.
Draft rules could make custodians liable for the assets of alternative investment fund managers and might also extend to Ucits-compliant products.