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DZ PrivatBank migrates from SSEOMS to Itiviti multi-asset OMS platform

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DZ PrivatBank, the cooperative private bank of DZ BANK Group, has successfully installed Itiviti’s multi-asset OMS.

Through Itiviti’s technology, DZ PrivatBank has been able to support an increase in customer demand relating to performance, speed and connectivity to different markets and brokers. Additionally, regulations such as MIFID II/MiFIR provided further reporting requirements which required Itiviti’s support and expertise to implement. 
 
The key challenge was to build an OMS/EMS that would provide DZ PrivatBank with standardised order handling functionalities for multiple asset classes (Cash Equities, Bonds, Futures & Options, Mutual Funds) and the ability to combine with the established business workflow. Itiviti’s technology, seamlessly integrated with the bank’s existing infrastructure, providing a highly scalable platform; which means DZ PrivatBank can more comprehensively support their clients. 
 
“This is another successful milestone for Itiviti in moving customers from legacy providers in the execution market,” says Vincent Lemaire, President EMEA for Agency Trading. “We have become the default migration path for SSEOMS clients following the announcement from Bloomberg, and we see this as a great opportunity to help our customers who now find themselves looking for an alternative solution.”
 
“Having previously worked with Itiviti, the main advantage we have seen is the decreased number of systems we use which in turn has reduced system fragmentation. The speed of order execution especially in the case of DMA orders has increased considerably,” says Frank Tüffers, Head of Integrated Execution Services of DZ PrivatBank. “We welcome the opportunity to build on our relationship with Itiviti as their solution provides the full customisation, performance and global outreach we value as an opportunity for growth.”

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