CGS-CIMB Securities adopts Bloomberg TOMS and data licence for expansion

Dan Barnes

Asia-based financial services provider, CGS-CIMB Securities International, has adopted Bloomberg’s Trade Order Management System (TOMS) and data via Bloomberg Data License (DL) to scale up its regional fixed income strategy and expand into new markets including South Korea, Taiwan and Hong Kong.

The principal activities of CGS-CIMB’s Fixed Income Department include trading and execution, development of fixed income products and portfolio solutions for retail, corporate, and institutional clients. With a large Asian footprint, CGS-CIMB Securities has been investing in infrastructure and digital transformation efforts to create a differentiated operating model.

”We take an on-the-ground approach to identifying efficient technology to build an architecture that promotes product superiority and scalability. Our order taking workflow has transitioned from voice to real-time FIX connectivity for our buy-side and CFD bond businesses. This is a culmination of development and design work we’ve been focusing on, to deliver value to customers and shareholders,” said Dino Tan, regional head of fixed income, at CGS-CIMB.

Tan added, “With Bloomberg’s partnership, we are able to centralise and optimise workflows across the pre-to-post trade cycle, which includes syncing-up execution, risk reporting, and settlement bookings functions. Technology transformation continues to be a priority to ensure we stay at the forefront of digital innovation in the Asia credit markets.”

Phil McCabe, Bloomberg
Phil McCabe, Bloomberg

Phil McCabe, global head of sell-side solutions at Bloomberg, said, “We are excited to support CGS-CIMB as they expand their fixed income franchise in a dynamic region. Our fixed income heritage and deep technology expertise will support their growth and help them advance fixed income investment in Asia-Pacific.”

Bloomberg’s TOMS helps sell-side firms to manage inventory, risk, P&L, compliance, and straight-through-processing (STP) across various asset classes. The suite of solutions includes electronic trading tools and market connectivity to help firms synchronise their front office risk and trading with middle-office, operations, and enterprise applications in real time.

The firm’s suite of solutions for the sell-side is reportedly accessed by 16,300 users across the world manage positions, trade orders, multi-asset risk, execution. It also supports salesperson efficiency, based on an algorithm that helps relationship managers to know which clients to call and when.