Itiviti, a leading technology, and service provider to financial institutions worldwide, today announced that SMBC Nikko London Capital Markets, a full scope IFPRU investment firm, has successfully replaced Bloomberg’s SSEOMS platform with Itiviti’s multi-asset OMS for high touch trading in London and extended its offering using Itiviti’s Middle Office solution.
Adopting Itiviti’s solution supports SMBC Nikko’s global operations through their cash equities desks in London, sales trading across Europe, US, and execution services in Asia. SMBC Nikko London 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 Itiviti’s 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 SMBC Nikko London 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. “It’s an honor to work with SMBC Nikko London and we are look forward to expand our partnership with them globally by providing additional valuable solutions from Itiviti’s technology portfolio.”
“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 London, SMBC Nikko Capital Markets. “Itiviti was already part of our global systems stack, and thus the implementation and transition could be facilitated within a tight deadline. We look forward to continuing our relationship with Itiviti on our global execution workstreams while customizing and consolidating our current systems.”
Itiviti’s high-touch platform provides access to cross-asset orders from a global network of clients, together with a best-in-class OMS to ensure fast and reliable executions. It is used by more than 10,000 sales-traders worldwide to quickly onboard clients, manage orders in real-time through a shared order book, route execution to any venue, customize commission schemes and automate post-trade tasks to secure bookings and regulatory compliance.