"Considered the final frontier of manual, paper-intensive securities processing, automating corporate actions has become a high priority for institutions that are looking to reduce risk and achieve straight through processing (STP)," says Patrik Egervall, Global Head of Sales and Marketing, OM. "OM is finding that many institutions that process a large number of securities are very interested in our systemâs ability to dynamically monitor positions and terms throughout the event lifecycle, and its provision of full multi-currency, multi-market support."
OM Corporate Actions System (CAS) will be presented at SIBOS (Stand B058), Europeâs premier financial services event. Daily demonstrations will be given of OMâs Corporate Actions System - a modern, flexible system that automates the corporate actions process so that only exceptions need to be handled manually. The solutionâs key features include a robust exception system, the ability to dynamically monitor positions and terms throughout the event lifecycle, full multi-currency, and multi-market support. The system is user configurable, enabling it to handle the requirements of different event types and to better reflect the business practices of each company.
At SIBOS, OM will also feature Front to back office STP solutions, which deliver full trading capabilities through Order Management, Trade Management, Position Keeping, Trade Execution and Back Office For Hire, a fully outsourced service to the settlement industry.