BCAP selects DTCC to enhance post-trade processes
20 March 2019 Bangkok
Image: Shutterstock
Bangkok Capital Asset Management (BCAP) is the first domestic investment manager in Thailand to adopt DTCC’s central trade manager (CTM) for the central matching of cross-border and domestic transactions within post-trade processes.
CTM provides connectivity from trade execution to settlement by leveraging direct connectivity to multiple order management systems via FIX and other protocols, central trade matching and connection via the SWIFT network.
The CTM platform will enable BCAP to handle increased volumes and added funds without expending additional internal resources.
BCAP users can include standing settlement instructions (SSIs) in trades when they use CTM in conjunction with ALERT, an online global database for the maintenance and communication of account and SSIs.
BCAP is the asset management arm of Bangkok Bank, established in 2014 by Bualuang Securities.
Thanavut Pornrojnangkool, chief investment officer at BCAP, said: “We are pleased to partner with DTCC in standardising our post-trade processes in alignment with global market standards.With the CTM platform, we can accept more trade volumes from our clients, including domestic and cross-border transactions, while improving our processing capabilities.”
Matthew Stauffer, managing director and head of institutional trade processing at DTCC, commented: “Having BCAP on the CTM platform is a win for the Thailand market. With the market moving to a shorter settlement cycle in early 2018, the importance of automation and standardisation cannot be stressed at a better time than now.”
He added: “CTM delivers straight-through processing, resulting in greater operational efficiency and reduced risk for our clients.”
CTM provides connectivity from trade execution to settlement by leveraging direct connectivity to multiple order management systems via FIX and other protocols, central trade matching and connection via the SWIFT network.
The CTM platform will enable BCAP to handle increased volumes and added funds without expending additional internal resources.
BCAP users can include standing settlement instructions (SSIs) in trades when they use CTM in conjunction with ALERT, an online global database for the maintenance and communication of account and SSIs.
BCAP is the asset management arm of Bangkok Bank, established in 2014 by Bualuang Securities.
Thanavut Pornrojnangkool, chief investment officer at BCAP, said: “We are pleased to partner with DTCC in standardising our post-trade processes in alignment with global market standards.With the CTM platform, we can accept more trade volumes from our clients, including domestic and cross-border transactions, while improving our processing capabilities.”
Matthew Stauffer, managing director and head of institutional trade processing at DTCC, commented: “Having BCAP on the CTM platform is a win for the Thailand market. With the market moving to a shorter settlement cycle in early 2018, the importance of automation and standardisation cannot be stressed at a better time than now.”
He added: “CTM delivers straight-through processing, resulting in greater operational efficiency and reduced risk for our clients.”
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