China-focused fund manager APS Asset Management has adopted Bloomberg’s order and investment management technology solution, AIM, for its post-trade workflows.
The Singapore-based firm aims to streamline and automate its post-trade processes, improving its operational efficiency – particularly around large volumes of transactions and exception management.
In adopting AIM and its straight-through processing package, APS gains access to real-time transparency on trade matching, Bloomberg stated. This will allow the firm to remain nimble, it continued, a focus in light of the recent T+1 implementation in the US.
Lu Lan Fang, chief operating officer at APS, commented: “APS Asset Management has undergone substantial growth over the past few years and was in search of a technology partner to help us uncover operational efficiencies. Bloomberg is our partner of choice and their end-to-end trading and automation solutions have allowed us to enhance our investment capabilities in an agile way.”
Manju Sakhrani, APAC head of buy side product sales at Bloomberg, added: “Financial markets are constantly evolving and we’ve seen first-hand that buy-side firms which embed the right tools and technology are gaining a competitive edge. We are proud that our partnership with APS Asset Management will help them scale and automate workflows.”
©Markets Media Europe 2024
