ITIVITI, a technology and service provider to financial institutions, announced that SMBC Nikko London Capital Markets successfully replaced Bloomberg’s SSEOMS platform with their multi-asset OMS for high-touch trading in London and extended its offering using their Middle Office solution.
Adopting Itiviti’s solution supports SMBC Nikko’s global operations through their cash equities desks in London, sales trading across Europe, the US, and execution services in Asia. The investment firm can now receive order flow electronically from multiple counterparties and then route orders to their office in Japan for execution by the local trading desks.
Following deployment of the OMS solution, SMBC Nikko London has now further expanded on the relationship and implemented Itiviti’s Middle Office solution, which includes UL Middle, UL Books and UL Publisher modules. This allows the investment firm to maximize automation of post-trade workflows and centralize monitoring of bookings, allocations, confirmations as well as clearing.
“We have successfully migrated a number of SSEOMS clients and we’re committed to continue delivering on our promise to migrate clients as quickly and efficiently as possible,” said Lee Griggs, head of EMEA North, Itiviti.
“Adopting Itiviti’s high-touch trading OMS platform in London has provided us with a more dynamic and bespoke system that can be configured for our needs,” said James Absolom, head of Execution Services, SMBC Nikko Capital Markets London.