"OneWorld Securities Finance provides us with the functionality we need, plus its open architecture and flexible design enable us to configure the system to meet our current and future business requirements," said Kevin Doucet, Managing Director, RBC Capital Markets. "We also appreciate our longstanding relationship with OM. Their industry expertise combined with strong customer focus and willingness to incorporate our enhancements into the system truly set them apart from other vendors."
With a modular design, OneWorld Securities Finance supports the full trading lifecycle while providing a straight through processing environment. It provides front-to-back office functionality for all types of participants in international securities finance - from the smallest direct lender through to the global custodian, broker or intermediary.
"OM has long been a premier provider of securities lending systems for global financial institutions," said Alastair Chisholm, General Manager, Settlement & Securities Finance, OM. "RBC Capital Markets' successful implementation of the system introduces OneWorld Securities Finance to the North American market and demonstrates our commitment to growing our business and servicing this important marketplace."
OneWorld Securities Finance consists of the Securities Lending and Repo modules. Each can operate independently or be used together for an integrated full-service system. The Securities Lending module went live in RBC's Toronto facility in October, while staffers in London have been accessing the system since 1999.
About RBC
RBC Capital Markets is the global brand for the corporate and investment banking businesses of RBC Dominion Securities, Canada's leading investment bank, and Dain Rauscher Wessels, the U.S. equity capital markets arm of RBC Dain Rauscher (member of NYSE and SIPC). The firm offers focused industry expertise and global reach in its chosen products, markets and industry sectors through five business divisions and 3,000 employees including some 80 analysts covering more than 900 companies. It is a member of RBC Financial Group, the brand name of Royal Bank of Canada (NYSE, TSE:RY), the seventh largest bank by assets in North America. The Group has 57,000 employees who serve over 12 million customers in 30 countries around the world. For more information please visit www.rbccm.com.
About OM
OM is the world's leading supplier of transaction technology to the financial services and energy industries, developing and marketing software that increases the efficiency of financial and commodity markets throughout the world. OM's OneWorld product suite offers unparalleled expertise in front office securities trading and processing, client order management, position keeping, clearing/settlement, international securities financing, and gateway connectivity. Together, OneWorld products provide unrivalled straight-through processing solutions for both the retail and institutional markets.
OM has over 100 customers in 20 countries worldwide. The Company also owns and operates exchanges and has operations in ten countries. OM is listed on Stockholmsbörsen. For more information, please visit www.om.com.
