ATRAM Trust Corporation, a leading trust corporation in the Philippines with over USD2 billion in assets under management (AUM), has adopted Bloomberg’s straight through processing (STP) solutions to improve the efficiency of its equity trading business.
ATRAM Trust Corporation is using Bloomberg’s STP solutions to communicate instructions electronically between investment managers and broker-dealers. Bloomberg’s confirmation-matching technology also allows ATRAM Trust Corporation to spot equity trades that are mismatched post-trade so that they can fix mismatches in the same day. Previously, equity trades were manually matched and reconciled by comparing documents of trade data. ATRAM Trust Corporation processes about 1500 equity trades on average per month.
“By adopting Bloomberg’s STP solutions, our operational efficiency has increased, as we are able to confirm equity trades within the day by automating our post-trade processes. Our operations teams can now focus on trade exception management, reducing operational risk and cost,” said Deanno Basas, President of ATRAM Trust Corporation.
“ATRAM Trust Corporation is one of the first trust corporations in the Philippines to invest in technology and adopt our STP solutions, making their post-trade management more efficient and systematic. This puts ATRAM Trust Corporation in good stead to adapt to new regulations to improve transparency and meet transaction reporting requirements,” said Maggie Ng, Head of ASEAN Sales, Bloomberg.
Bloomberg’s STP solutions are a real-time multi-asset-class platform that streamlines post-trade workflows, allowing users to focus solely on trade exception management. Bloomberg’s STP solutions reduces operational risk and cost while providing trade life cycle process automation to both buy-side and sell-side market participants.
About ATRAM Trust Corporation
ATRAM Trust Corporation (“ATRAM Trust”) is the first stand-alone trust corporation in the Philippines. It received its license to operate in October 2016 from the Bangko Sentral ng Pilipinas (“BSP”). ATRAM Trust was the first to launch a complete range of feeder funds in the Philippines which provide Filipinos access to offshore investments in the US, Europe, Emerging Markets and Asia. ATRAM Trust is part of the ATRAM Group which operates businesses in trust and asset management, mutual funds and fintech.
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Andrew Caw, Director of ATRAM Funds, email@example.com, +632 814-7800
Flor Ey, Marketing and Communications Officer, firstname.lastname@example.org, +632 814-7800
Grace Ngoh, ASEAN Corporate Communications, email@example.com, +65 6231-3690