"OneWorld Securities Finance provides us with the functionality we need, plus its open architecture and flexible design enable us to configure the system to meet our current and future business requirements," said Kevin Doucet, Managing Director, RBC Capital Markets. "We also appreciate our longstanding relationship with OM. Their industry expertise combined with strong customer focus and willingness to incorporate our enhancements into the system truly set them apart from other vendors."
With a modular design, OneWorld Securities Finance supports the full trading lifecycle while providing a straight through processing environment. It provides front-to-back office functionality for all types of participants in international securities finance – from the smallest direct lender through to the global custodian, broker or intermediary.
"OM has long been a premier provider of securities lending systems for global financial institutions," said Alastair Chisholm, General Manager, Settlement & Securities Finance, OM. "RBC Capital Markets’ successful implementation of the system introduces OneWorld Securities Finance to the North American market and demonstrates our commitment to growing our business and servicing this important marketplace."
2/RBC Capital Markets Goes Live on OM’s Securities Lending System
OneWorld Securities Finance consists of the Securities Lending and Repo modules. Each can operate independently or be used together for an integrated full-service system. The Securities Lending module went live in RBC’s Toronto facility in October, while staffers in London have been accessing the system since 1999.