BCAP becomes the first Thai domestic investment manager to go live on the Central Trade Manager platform
New York/London/Hong Kong/Singapore/Tokyo/Sydney, March 20, 2019 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry, today announced that Bangkok Capital Asset Management Co., Ltd. (BCAP) has become the first domestic investment manager in Thailand to adopt DTCC’s Central Trade Manager (CTM), a global platform for the central matching of cross-border and domestic transactions that enables BCAP to significantly improve their post-trade processes.
Using the CTM platform, BCAP can automate previously manual processes, increasing efficiency and lowering the risk of settlement failures. BCAP also benefits from the scalability of the CTM platform, enabling them to effectively handle increased volumes and added funds without expending additional internal resources. Additionally, BCAP users can automatically enrich trades with SSIs when they use CTM in conjunction with ALERT, the industry’s largest and most compliant online global database for the maintenance and communication of account and standing settlement instructions (SSIs). BCAP is the asset management arm of Bangkok Bank, established in 2014 by Bualuang Securities PLC, operating the securities businesses.
“We are pleased to partner with DTCC in standardizing our post-trade processes in alignment with global market standards,” said Thanavut Pornrojnangkool, Chief Investment Officer at BCAP. “With the CTM platform, we can accept more trade volumes from our clients, including domestic and cross-border transactions, while improving our processing capabilities.”
Matthew Stauffer, Managing Director and Head of Institutional Trade Processing at DTCC, said, “Having BCAP on the CTM platform is a win for the Thailand market. With the market moving to a shorter settlement cycle in early 2018, the importance of automation and standardization cannot be stressed at a better time than now. CTM delivers straight-through-processing, resulting in greater operational efficiency and reduced risk for our clients.”
A key attribute of CTM is its ability to provide seamless connectivity from trade execution to settlement. This is done by leveraging direct connectivity to multiple order management systems (OMS) via FIX and other protocols, flexible central trade matching and connection via the SWIFT network to a full community of custodian banks for the purposes of settlement instruction.
By adopting CTM, BCAP can now further automate its post -trade process with an existing community of almost 2,000 counterparties in 52 countries.
About Bangkok Capital Asset Management Co., Ltd. (BCAP)
Bangkok Capital Asset Management Company Limited was originally Private Client Investment Management Group of Bualuang Securities Plc. with extensive experience in managing private funds and provident funds. To manage the company’s business continuity and according to the rules of the SEC, it has established a subsidiary company incorporated on May 12, 2014 under the name "Bangkok Capital Asset Management Company Limited: BCAP". BCAP begin operations on January 1,2015 onwards. BCAP now has licenses to manage mutual funds, provident funds, and private funds and plan to have new products covering these areas in the next three years. They currently have around Bt30 billion in AUM.
With 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to financial markets. In 2017, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $1.61 quadrillion. Its depository provides custody and asset servicing for securities issues from 131 countries and territories valued at U.S. $57.4 trillion. DTCC’s Global Trade Repository maintains approximately 40 million open OTC positions per week and processes over one billion messages per month.