Bloomberg AIM adopted by APS Asset Management to automate post-trade workflows

Solution is set to increase operational efficiency and provide real-time transparency on trade matching.

Singapore-headquartered fund manager APS Asset Management has adopted order and investment management technology solution, Bloomberg AIM, to automate its post-trade workflows.

Bloomberg AIM was selected by APS to increase the firm’s operational efficiencies, particularly around its volume of transactions.

The solution and its post-trade straight through processing (STP) package will also provide APS with real-time transparency on trade matching. 

“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,” said Lu Lan Fang, chief operating officer at APS Asset Management.

“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.”

Separate to providing more focus on exception management, Bloomberg AIM will also help APS manage regulatory updates such as the North American shift to T+1 settlement introduced in May.

Read more: Bloomberg unveils enhancement to FX execution offering in wake of T+1

“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,” said Manju Sakhrani, APAC head of buy-side product sales at Bloomberg.

“We are proud that our partnership with APS Asset Management will help them scale and automate workflows.”