The partnership will allow RLAM to trade across multi-asset classes within its £130 billion portfolio via one centralised platform, offering greater operational efficiencies and therefore more time to focus on execution quality.
RLAM will also benefit from access to the recently launched transaction cost analysis (TCA) solution via TradingScreen’s EMS platform, TradeSmart to enhance its best execution and reporting capabilities.
The partnership comes as investor pressure to cut costs, combined with a regulatory drive for greater transparency, means that asset managers are seeking ways to execute trades more efficiently while simultaneously reducing costs and operational risk across the business.
Cathy Gibson, head of dealing at RLAM, said: “As the need for trading desk expertise to collaborate across asset-classes grows, creating an environment where we can share execution strategies is a must. By streamlining different execution platforms down to a single, multi-asset solution, TradeSmart gives us the agility and flexibility we need to navigate cross-asset market complexities.”
Chris Hollands, head of European and US sales and account management at TradingScreen, added: “In a world of intense investor and regulatory scrutiny, the consolidation of front-office trading systems and TCA is paramount for asset managers. RLAM’s decision to partner with TS reinforces our unrivaled capability to help clients meet external demands, as well as achieve greater efficiencies for its clients.”
Operating in the cloud for nearly two decades, TS is a leading expert on SaaS trading technology. TradeSmart OEMS offers workflow efficiency, and seamless integration with the buy-side and connecting with markets globally and providing traders the access and information they need to optimize their trading performance.
About Royal London Asset Management (RLAM):
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £130 billion of assets and employs 98 investment professionals as at end-March 2019. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade, and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued September 2019 by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.
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Lucy Field 02032 725432
Press Officer 07919 170647