An India-based financial tech firm has launched a new securities trading and asset services tool for fund managers and custodians.

The OneMARKETS system, built by Intellect Design Arena, has been designed to improve trading speed and straight through processing across post-trade.

Securities lending and collateral management services are also part of the system as well as multi-lingual reporting.

The first module, iPMS, is targeted at asset managers and covers all asset classes, including traditional investments, alternative investments and insurance.

A second custody module helps improve operational efficiency by “eliminating redundant processes” across custody, fund accounting and transfer agency, the firm said in a statement.

Kedarnath Udiyavar, business head - OneMARKETS, Intellect Design Arena said market participants are compelled to keep pace with increasing digitization of an evolving 'customer centric' market.

“Current investment imperatives have accelerated the need for a robust and scalable technology to address the competitive market and changing regulatory requirements.

"The only way for investment advisors and portfolio management firms to increase their share of the investors' wallets and their own market share is to run the business on an end-to-end  integrated digital platform that is scalable and enables access to real-time information on investments and markets."