Royal London Asset Management Picks TradingScreen for Execution and TCA

tcaThe multi-asset order and execution management system (OEMS) was selected by the U.K. investment management firm to drive better returns for investors. Royal London Asset Management will now be able to trade across multi-asset classes within its £130 billion portfolio via TradingScreen’s centralized platform.

TradingScreen’s EMS platform has recently introduced its transaction cost analysis (TCA) solution, TradeSmart, to enhance the best execution and reporting capabilities. The London-based investment management firm will also be given access to TradeSmart.

Cathy Gibson, Head of Dealing at Royal London Asset Management, commented: “As the need for trading desk expertise to collaborate across asset-classes grows, creating an environment where we can share execution strategies is a must. By streamlining different execution platforms down to a single, multi-asset solution, TradeSmart gives us the agility and flexibility we need to navigate the cross-asset market complexities.”

Chris Hollands, Head of European and US Sales at TradingScreen, added: “In a world of intense investor and regulatory scrutiny, the consolidation of front-office trading systems and TCA is paramount for asset managers. RLAM’s decision to partner with TS reinforces our unrivalled capability to help clients meet external demands, as well as achieve greater efficiencies for its clients.”

Increased regulatory requirements have put pressure on asset managers to look for automated and compliant solutions that allow market participants to execute trades more efficiently while simultaneously reducing costs and operational risk across the business.

Last year, TradingScreen upgraded its partnership with Imagine Software – which offers a real-time portfolio, risk, and compliance management solutions – to set up a checks and balances feature built into clients’ execution workflow. The tool issues an alert when a rule or limit is breached during the pre-trade compliance process.

In March 2019, TradingScreen launched its OEMS in Montreal. Going by the name QUO, the platform is designed for wealth and investment managers to add value to clients with a lighter touch OEMS that is easy to deploy and will simplify investment management processes. QUO
is headed by Will Lawton, former executive at HSBC, Standard Chartered and RBS, who is based in Singapore and will focus on strengthening and extending TS’s QUO offering globally.