Chinese investment management firm Fortune SGAM is the first company to go live on the Omgeo-Hundsun interface for cross-border post-trade processing. The Omgeo-Hundsun interface was established in June 2010 after the two companies entered into a global alliance agreement the previous year.
Fortune SGAM, a QDII fund manager, invests in domestic and international markets. By adopting the Omgeo-Hundsun interface, Fortune SGAM will be able to automate its cross-border trade processing using Omgeo Central Trade Manager (Omgeo CTM) accessed via the existing Hundsun order management system (OMS) in its local language, according to Omgeo.
Fortune SGAM also has adopted Omgeo ALERT, the global database for the maintenance and communication of standing settlement and account instructions (SSI) for multiple asset classes.
We welcome Fortune SGAM to our global community, says James E. Drumm, executive director of Asia Pacific for Omgeo. Moving to a fully automated post-trade environment will enable Fortune SGAM to maintain scalability and manage operational risk as cross-border volumes grow. We are very pleased to partner with Hundsun to provide the interface that makes this possible.