Regulatory change could drive greater efficiency, according to a leading IT provider.
The chief executive of Omgeo predicted demand from clients for faster and more efficient settlement would increase, particularly in Europe, as new regulations came into force.
It came as the company revealed a 38% year-on-year increase in the number of investment managers and broker/dealers using the company's platform for the central matching of cross-border transactions. The firm also revealed it is stepping up investment in emerging markets including China, Chile and India.
Steve Matthews, chief...