How to Increase Efficiency in Middle Office with Bloomberg AIM

Trends show that firms with scaled operations can achieve higher margins. With operational excellence, you can add new asset classes and access new markets to capture the next big investment opportunity. Bloomberg AIM’s global operations community enables firms to improve operational efficiency, reduce costs and increase investor satisfaction through centralized multi-asset settlement capabilities and exceptional data quality. As asset managers continue to outsource their middle and back office capabilities, they need more robust oversight, including trust and verification of their outsourced processes. As a result, AIM has seen a growing trend in the implementation of the operation extensions discussed below: 

Matching & Settlement (OMGEO/SWIFT) After a trade is made, firms need to ensure a smooth transfer of information from their order management system to the major settlement agencies. Bloomberg’s STP extension delivers post-trade connectivity capabilities that optimize your workflow. Our STP package also provides access to a wide network of matching and settlement parties, manages scalability and provides the most secure method of financial transaction communication with guaranteed delivery to your recipients.

Reconciliation (REC) Investment managers frequently operate disparate and costly solutions outside of their order management systems to maintain control over the quality and accuracy of their investment positions. Since Bloomberg’s Reconciliation tool is incorporated into the AIM OMS system, clients can easily compare position and transaction data from multiple sources, identify exceptions and manage their resolution, reconcile security and cash positions between any two sources and fully integrate cash handling.

Failstation (FSTN) FailStation is an industry utility that aggregates, in real time, pre- and post-settlement exceptions from custodian banks and broker/dealers. FailStation offers in-depth metrics analysis and an efficient communication tool to reduce the manual processes currently used in reconciliation. It also allows the user to easily identify the same exception from both the custodian and the broker in order to resolve exceptions and fails quickly and efficiently.