Nomura Asset Management will use Omgeo Central Trade Manager (CTM) for the central matching of its Japanese domestic equity trades.
Omgeo CTM matches and provides same day affirmation for equity, fixed income, exchange-traded derivative (futures and listed options) and contracts for difference trades. The automated service provides investment managers and broker/dealers with access Omgeo’s global community, including over 1,300 clients using Omgeo CTM. The Omgeo CTM community grew 35% between 2011 and 2012.
Omgeo’s executive director for Sales and Solution Delivery, Nellie Dagdag, said: “This is certainly a significant milestone in the Japan domestic equity market. We’ve been actively working with Japanese firms to bring increased efficiency and standardization to Japan’s cross-border trade operations for over a decade. We look forward to continuing to work with our community to set new standards for operational efficiency across Japan’s domestic market.”
Central trade matching offers improved same-day affirmation (SDA) rates and enhanced settlement efficiency, and financial market participants continue to adopt central matching via Omgeo CTM. Omgeo CTM is an automated solution for the central matching of cross-border and domestic trades, with pre-established links to the Japanese Securities Depository (JASDEC), as well as the Canadian Securities Depository (CSD), Korean Securities Depository (KSD) and DCV (Chilean Securities Depository).