CACEIS Partners with Amundi to Create Front-to-Back Offering
- The new solution brings together two leading services to create a new OMS style solution
Luxembourg-based asset servicing firm CACEIS has partnered with Europe's largest asset manager Amundi, to create a front-to-back-office service, which will allow it to provide a more holistic offering than its larger competitors.
The new solution is designed for institutional investors and asset managers and brings together Amundi Services' ALTO platform, which provides front office services and CACEIS' middle office and back-office services.
Amundi Leading Technologies & Operations (ALTO) is Amundi's portfolio management system, an integrated software package covering the order and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term components during the entire trade life cycle: portfolio analysis, pre- and post-trade Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term, risk, performance, transaction processing, position keeping, reporting and data management.
The new offer from Amundi Services and CACEIS provides a unique outsourcing solution, with broad market coverage across all the main asset classes in full compliance with all regulatory requirements.
It also offers optimized integration of market transactions across the entire value chain from front to back office and reduced operational costs thanks to the fully integrated architecture of the solution.
"Execution-to-Custody"
"Combining CACEIS' and Amundi Services' expertise enables us to extend the scope of our "Execution-to-Custody" model to include the processing of front office operations. The new outsourcing solution guarantees rigorous operational management across the entire value chain and will contribute to achieving our client's efficiency objectives," Joe Saliba, Deputy CEO of CACEIS, says.
Joseph El Gharib, Director of Amundi Services, adds: "We are delighted to be able to integrate Amundi's ALTO* platform with CACEIS' offer. Institutional investors and asset managers can now benefit from this turnkey offer covering the transaction lifecycle, combining solidity and flexibility," Joseph El Gharib, Director of Amundi Services, adds.
Market sources say: "This appears to be a new competitor in the OMS (order management system) world to challenge the leading platforms like BlackRock's Aladdin, Charles River (CRD), etc."
Luxembourg-based asset servicing firm CACEIS has partnered with Europe's largest asset manager Amundi, to create a front-to-back-office service, which will allow it to provide a more holistic offering than its larger competitors.
The new solution is designed for institutional investors and asset managers and brings together Amundi Services' ALTO platform, which provides front office services and CACEIS' middle office and back-office services.
Amundi Leading Technologies & Operations (ALTO) is Amundi's portfolio management system, an integrated software package covering the order and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term components during the entire trade life cycle: portfolio analysis, pre- and post-trade Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term, risk, performance, transaction processing, position keeping, reporting and data management.
The new offer from Amundi Services and CACEIS provides a unique outsourcing solution, with broad market coverage across all the main asset classes in full compliance with all regulatory requirements.
It also offers optimized integration of market transactions across the entire value chain from front to back office and reduced operational costs thanks to the fully integrated architecture of the solution.
"Execution-to-Custody"
"Combining CACEIS' and Amundi Services' expertise enables us to extend the scope of our "Execution-to-Custody" model to include the processing of front office operations. The new outsourcing solution guarantees rigorous operational management across the entire value chain and will contribute to achieving our client's efficiency objectives," Joe Saliba, Deputy CEO of CACEIS, says.
Joseph El Gharib, Director of Amundi Services, adds: "We are delighted to be able to integrate Amundi's ALTO* platform with CACEIS' offer. Institutional investors and asset managers can now benefit from this turnkey offer covering the transaction lifecycle, combining solidity and flexibility," Joseph El Gharib, Director of Amundi Services, adds.
Market sources say: "This appears to be a new competitor in the OMS (order management system) world to challenge the leading platforms like BlackRock's Aladdin, Charles River (CRD), etc."