BMO expands SunGard's securities finance system
21 February 2012 Toronto
Image: Shutterstock
BMO Capital Markets has expanded its use of SunGard's securities finance solutions for trade processing, operations and reporting. The solution, Global One, is a multi-currency system for international securities lending and is already supporting BMO's US, UK and will now support Canadian operations.
Tony Venditti, managing director, Global Equity Finance at BMO Capital Markets, said, “As we expanded our securities lending activity in multiple regions around the world, we’ve made it a priority to utilise advanced technology platforms that will help us meet our clients’ needs for timely and accurate reporting. Consolidating onto SunGard’s Global One is helping automate our manual processes and providing enhanced reporting capabilities for both regulators and clients.”
Global One supports both brokers and lenders and its real-time communications capabilities are used by organisations for the administration and management of international and domestic securities lending activities, including borrowing and lending, buy-backs and sell-backs and repos.
Tony Venditti, managing director, Global Equity Finance at BMO Capital Markets, said, “As we expanded our securities lending activity in multiple regions around the world, we’ve made it a priority to utilise advanced technology platforms that will help us meet our clients’ needs for timely and accurate reporting. Consolidating onto SunGard’s Global One is helping automate our manual processes and providing enhanced reporting capabilities for both regulators and clients.”
Global One supports both brokers and lenders and its real-time communications capabilities are used by organisations for the administration and management of international and domestic securities lending activities, including borrowing and lending, buy-backs and sell-backs and repos.
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