OM says its Institutional Order and Trade Management solution – an automated trade capture and management real time order processing solution for institutional and retail markets – and a gateway single API to multiple markets has been selected by German Bayerische Landesbank.
“For our front office equity trading system, OM’s Institutional Order and Trade Management system presents the best fit for eliminating the manual process of exception handling and toward full automation of the front office order and trade process,” says Christian Gastager, Equity Trading, Bayerische Landesbank. “We are confident that OM with its trusted brand will deliver benefits to our customers.”
OM’s Institutional Trade and Order Management solution is a part of a package of solutions offering trade management, order management, position keeping and order routing to the retail and institutional markets. OM says ease of integration with in-house legacy systems and its modular format enables banks to eliminate most of the manual process of order and trade management. “This endorsement by Bayerische Landesbank has created a first significant step toward penetration into the German market, OM is at the forefront of front office transaction technology.” says James Stoker, OM Sales Manager, Front Office Solutions.
Jan-Gotz Reichwald, Managing Director, OM Germany adds: “Our expertise in transaction technology has been extended to over 300 clients and 25 Exchanges worldwide in both energy and financial markets. Our knowledge can only mean that banks receive optimum service and expertise in improving their services to their clients”.