About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Korean Investment Managers Now Processing Cross Border Transactions via Omgeo CTM/KSD Service Bureau

Subscribe to our newsletter

Omgeo today announced that the service bureau between the Korean Securities Depository (KSD), the central securities depository for South Korea, and Omgeo Central Trade Manager (Omgeo CTM) is now live and Korea Investment Trust Company and Shinhan BNP Paribas Asset Management are processing trades. The strategic partnership between Omgeo and KSD allows the Korean investment community to achieve greater levels of operational efficiency and automation in trade processing.

Through the service bureau, KSD enables Korean investment managers to electronically confirm the accuracy of trade details with their counterparties around the globe and automatically enrich them with standing settlement instructions (SSIs). Omgeo CTM is a single platform for the central matching of fixed income and equity trade details. Omgeo Alert is a web-based global database for the maintenance and communication of standing settlement and account instructions.

Additionally, Korean investment managers are able to receive a Copy for Information of matched trade details from any interested third party. The KSD and domestic Korean investment managers have access to Omgeo’s global network of trade counterparties.

JaiYoung Park, head of operations at Korea Investment Trust Company, commented: “It is absolutely critical for us to ensure we have automated processes in place as we look to maintain the utmost operational infrastructure. By leveraging the service bureau between Omgeo and KSD, we are certain that we are not only seeing best in class trade affirmation rates, but also that we are at the forefront of risk mitigation and operational efficiency.”

O Moon Kwon, managing director of Deposit Settlement Service Division of the KSD, said: “KSD is dedicated to transforming Korean cross border trade processing into a role model of operational efficiency. Working closely with Omgeo, we are pleased to see our first clients live and already seeing reduced operational and counterparty risk through automation.”

Tim Keady, managing director, global sales and relationship management for Omgeo, added: “Today’s global markets necessitate the utmost operational efficiency. KSD and Omgeo have partnered together to ensure operational risk mitigation for Korean investment managers through automation. This will no doubt help enable the future growth and success of the Korean securities market.”

Omgeo maintains strategic partnerships with and links to securities depositories around the world, notably the Depository Trust & Clearing Corporation (DTCC) in the US (also one of Omgeo’s parent companies), the Canadian Depository for Securities (CDS) and the Japan Securities Depository Inc (JASDEC). In addition, Omgeo has entered discussions with the Brazilian Clearing and Depository Corporation (CBLC).

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to establish data quality and data governance for analytics

Data quality has been a perennial problem for financial institutions for many years, but this needs to change as firms become increasingly reliant on accurate analytics to deliver business opportunity and competitive advantage. New approaches to data quality can help firms up their game and significantly improve their analytics capability. Adding the processes, controls and...

BLOG

Private Markets Data Opportunities Under the Microscope: Webinar Preview

As institutional asset managers accelerate their allocations into private markets, they often find themselves facing an alien landscape when it comes to data. Used to the data-driven systems that power public capital markets, investors in private markets, including private equity and private credit as well as alternatives such as property, must contend with greater opacity,...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...