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: Holistic Conduct & Surveillance: Unifying Trade, Voice, and eComms Data with AI

Surveillance in capital markets has evolved in silos. Trade surveillance, voice recording, and electronic communications monitoring have traditionally operated as parallel control functions, each with distinct datasets, workflows and alerting logic. Yet recent enforcement actions on both sides of the Atlantic – ranging from off-channel communications failures to market manipulation cases – demonstrate a consistent...

BLOG

Inaugural AI in Data Management Summit NYC Sets New Benchmark in AI Discussion

A-Team Group’s inaugural AI in Data Management Summit NYC set a new benchmark in the global discussion around artificial intelligence. Leading figures from the worlds of finance and technology gathered in New York to share best practice guidance and observation, real-world case studies and forecasts for the exciting – and challenging – year ahead. The...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Applications of Reference Data to the Middle Office

Increasing volumes and the complexity of reference data in the post-crisis environment have left the middle office struggling to meet the requirements of the current market order. Middle office functions must therefore be robust enough to be able to deal with the spectre of globalisation, an increase in the use of esoteric security types and...