UN SILO OF THE MARKET ORDER EXECUTION PROCESSES

A very large global bank, present on three continents, has decided to outsource the placing and execution of securities orders (no longer an economically differentiating service for its clients) in order to take into account the effects of scale from which large meta-brokers now benefit in the face of historical arrivals (stock exchanges) and new entrants such as liquidity pools and internalisers. 

The aim of this project was to outsource blocks of operational processes (market and stock exchange memberships, order placement) and support functions: IT management of OMS (Order Management Systems), compliance with AML/CFT (Anti-Money Laundering, Combating the Financing of Terrorism) directives, accounting and permanent control of operations, securities depository business, risk management. 

This outsourcing was transparent for banking clients (no interface changes in their applications, no service interruptions or delays) and was carried out within the initial budget, perimeter and planning limits set at the beginning of a program that was deployed to clients and markets in sixty different countries.