ABP Investments, the world’s second largest pension fund and the Netherlands’ biggest, has gone live on Omgeo Central Trade Manager.
ABP has linked to Omgeo CTM through an interface directly from its Bloomberg Portfolio Order Management System (POMS), which will enable the automated processing of fixed income and equity cross border and domestic trades.
The link, achieved without on-site integration, enables ABP to send trade allocations directly to its broker/dealers using best of breed technology, and automatically generates affirmations for matched trades via the FIX protocol directly from the BLOOMBERG PROFESSIONAL service.
“This co-operation with a world class player such as Bloomberg demonstrates the power of the partnership programme,” says Dave Pember, director of the Partners Program EMEA at Omgeo. “It has enabled us to offer European clients like ABP Investments a full front-to-back office STP solution. The structure of the pension fund industry in countries such as the Netherlands and Sweden enables funds to link directly to Omgeo CTM through Bloomberg POMS, thereby providing them with increased operational efficiency and reduced operational risk.”