Lion Global moves to greater trade automation

In a drive towards greater straight-through processing, Lion Global Investors is aiming to hit 75% automation rates for its fixed-income trades before the end of this year, up from 45% now. The Singaporean fund house plans to achieve this through an initiative it started in recent months to shift all its counterparty banks onto Omgeo Central Trade Manager for electronic trade confirmation. James Tan, Lion Global’s chief operating officer*, sits on the advisory board at software …