Post-trade solutions provider Omgeo has reported a 12% increase in its fixed income client base in 2013.
According to Omgeo, 730 investment management, broker and outsourcer clients have adopted fixed income functionality on its multi-asset class platform for central matching of cross-border and domestic transactions, Omgeo Central Trade Manager (Omgeo CTM).
Omgeo said the growth in its fixed income community, as well as quantitative easing in the US, has led to a 20% year-on-year increase in fixed income volume on Omgeo CTM and a 17% hike in volumes on Omgeo OASYS, a US trade allocation and acceptance service that was adopted by 370 US clients in 2013.
The Americas led the way in total volume with a 15% increase, from 10 million fixed income transactions in 2012 to 11.5 million in 2013.
The Asia-Pacific saw the largest percentage increase, with 32% growth in volumes to 201,000. Fixed income volumes in EMEA remained at 2.5 million.
Kevin Arthur, director of fixed income markets at Omgeo, said shifts in the macro environment, such as quantitative easing-related market moves in the US, has resulted in fund flows in and out equity and fixed income, as well as shifts within fixed income asset classes.
“The middle and back office has to keep up with changes to investment strategies and, in an environment where the fund flows can be dynamic, investing in the right operational systems and processes becomes all the more important.”