BMO Launches an IBOR

As buy-side institutions consider the merits and costs of developing an investment book of record (IBOR), BMO Global Asset Management is relaxing on the porch with a pipe, an iced tea, and its feet on a shaggy dog. The debates are now quiet for BMO’s Chicago-based buy-side arm; the blueprints are put away; the implementation is largely over. While others mull philosophical topics like whether an IBOR should support the front office or the middle office, or whether IBOR represents a new concept

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