Fund Managers
OMX Securities offers fund managers outsourced services that comprise a fully integrated platform to support the activities of front, middle and back office operations in a true STP environment. OMX supports a wide fund universe and has relationships with the major Fund Supermarkets as well as direct relationships with transfer agents, both onshore and offshore, can handle multi-products, including ISAs.
Solutions from OMX Securities leverage the FIGARO platform and the Front Office functionality supports the whole portfolio management and dealing process. Functionality includes order management, client account enquiries, client relationship management, asset allocation valuations, CGT analysis and performance measurement.
The client inception process uses pre-defined configurable templates and supports multiple accounts to represent different types of portfolios, such as: main trading account; ISA account; and traded options account. The accounts are generally managed independently of each other.
Clients have access to a secure web portal to deliver online valuations and market data to the underlying clients and their advisers.
OMX Securities can provide UK custody and international custody covering listed securities in over 90 international markets and can provide custody even if dealt away from OMX.
CREST sponsored membership
OMX Securities is a registered CREST sponsor and provides clients with a CREST sponsored membership service.
Agency dealing
- Quoted securities in the UK and all major international markets
- Online broker research from major securities houses
- Foreign exchange
Collective investment funds
- Dealing, settlement and custody of 1600 funds
- Covering UK & offshore collective investment funds
- Direct relationships with 80 UK fund providers and 100 offshore
- Contractual settlement for over 1100 funds
- Trail commission paid quarterly
Custody and Administration – three service options available as follows:
• ASP
- Fully managed and hosted IT service
- Users remotely access a segregated and dedicated implementation of FIGARO
- A pre-configured version of FIGARO is supplied, tailored to the client’s operational
requirements
- Client firm assumes responsibility for execution and settlement
- Client has full access to middle and back office functionality,and the web portal
• Client firm outsources back office duties to OMX
- Client is a sponsored nominee through OMX Securities and retains ownership and ultimate responsibility for execution and settlement
- OMX maintains the physical connection to CREST facilitating and monitoring the clearing and settlement process
- Client has legal responsibility for market settlement
- Client firm holds and controls cash and stock in its name
- Customers remain those of the client firm
• Client firm outsources full operational responsibility to OMX
- OMX Securities provides legal liability, responsibility for settlement and stock transfer
- OMX holds ownership of, and manages, the CREST relationship and interface
- OMX holds and controls cash and stocks
- OMX name and balance sheet supports trading activity, therefore customers of the client firm are also customers of OMX
- Client firms can monitor settlement activity and status at all times and have access to full trading information
