About a-team Marketing Services
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: The Data Office at a Crossroads — AI Governance, Organisational Design, and the Evolving Mandate of the CDO

Who owns AI governance in a capital markets firm – and is the Data Office structured to bear that weight? These questions sit at the heart of A-Team Research’s latest findings, presented here for the first time: the combined results of two landmark surveys examining the role of the Data Office in AI governance and...

BLOG

Agentic AI Deployment Presents Potentially Dangerous Data ‘Trust Paradox’

Artificial intelligence deployment in capital markets’ data processes may be approaching an inflection point that, if not managed properly, could introduce dangerous risks to institutions’ operations. The growing deployment of anonymous agents has the potential to hardwire data errors into workflows, magnifying data weaknesses as the automating technology scales processes, according Informatica from Salesforce. The...

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

Entity Data Management Handbook – Fifth Edition

Welcome to the fifth edition of A-Team Group’s Entity Data Management Handbook, sponsored for the fourth year running by entity data specialist Bureau van Dijk, a Moody’s Analytics Company. The past year has seen a crackdown on corporate responsibility for financial crime – with financial firms facing draconian fines for non-compliance and the very real...