UK investment firm Royal London Asset Management has implemented a multi-asset order and execution management system (OEMS) from TradingScreen.
The deal means that the asset manager will be able to trade its £130 billion portfolio across asset classes through a centralised platform, with access to TradingScreen’s recently-launched transaction cost analysis (TCA), via the TradeSmart EMS, to help meet best execution and reporting requirements.
“As the need for trading desk expertise to collaborate across asset-classes grows, creating an environment where we can share execution strategies is a must,” said Cathy Gibson, head of dealing at Royal London Asset Management. “By streamlining different execution platforms down to a single, multi-asset solution, TradeSmart gives us the agility and flexibility we need to navigate cross-asset market complexities.”
TradingScreen added that its partnership with Royal London comes as institutional investors are under pressure to reduce costs, alongside the regulatory drive for greater transparency. As a result, buy-side firms are increasingly seeking methods of execution while cutting costs and operational risk across the business.
“In a world of intense investor and regulatory scrutiny, the consolidation of front-office trading systems and TCA is paramount for asset managers. Royal London Asset Management’s decision to partner with TS reinforces our unrivaled capability to help clients meet external demands, as well as achieve greater efficiencies for its clients,” Chris Hollands, head of European and US sales and account management at TradingScreen, commented.
In July, TradingScreen teamed up with IHS Markit to integrate its EMS with the firm’s thinkFolio investment management platform to allow mutual clients a standardised interface between the two systems.