Tabb Report: Investment Management Ready for SSI Utility
DTCC's Omgeo hopes to be industry's choice for a repository
Industry consultancy Tabb Group says the investment management community is ripe for a centralized industry data utility for standing settlement instructions (SSI).
The firm has released a report based on a study of 150 investment management firms (including long-only asset managers and hedge funds) across the US, Canada, Europe, the UK and Asia-Pacific. It finds that incorrect SSIs were responsible for an average 20% of failed trades at these firms, and that investment managers almost
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