Prior to moving to Omgeo CTM, Daiwa was using the Omgeo OASYS Global(SM) platform. The migration to Omgeo CTM will allow Daiwa to leverage the central matching platform to accelerate the trade process and move their trades more quickly to settlement, lowering costs and mitigating operational risks. In addition, Omgeo CTM will double Daiwaâs processing capacity to 10,000 trades a day, an increase from the previous 5,000 trades it was able to process, with a faster turnaround time than ever before. With Omgeo CTMâs flexible and non-sequential workflow, Daiwa will be able to participate in the resolution of exceptions without being solely dependent on an investment manager for exception resolution.
âWe started working with Fiserv over six years ago in our London branch and continue to do so because of their ability to understand our business needs and provide local onsite expertise,â said Hirofumi Iida, Deputy General Manager, Global Equity Trading Department, Daiwa. âWith the Fiserv TradeFlow for Omgeo CTM implementation, our clients can take a proactive role in the matching process through to exceptions management.â
âThe faster Daiwa can match and reconcile trades, the quicker they can reduce costs and settlement failure,â said Cheryl Nash, senior vice president, Strategic Marketing and Business Development, Investment Services, from Fiserv. âTradeFlow for Omgeo CTM enables financial organizations to effectively manage the settlement process and review matching status for greater responsiveness to exceptions and increased efficiency.â