Latest Refinitiv News: Finextra Research

Lombard integrates fund accounting systems with Tibco BusinessWorks

Lombard International Assurance has contracted with Reuters to integrate applications and databases at its Luxembourg headquarters using Tibco Software's BusinessWorks solution.

12 December 2002

/Sibos

Revenues slip at Thomson Financial

Thomson Financial third quarter revenues declined three per cent to $380 million over the comparable period in 2001, reflecting continued weaknesses in the global financial markets.

05 November 2002

/Sibos

Reuters to develop EAI software for intelligent message processing

Reuters is developing an intelligent message transformation rules engine to support bank correspondence with third party market utilities such as Swift, CLS and GSTPA.

01 October 2002

/Sibos

Thomson launches fixed income price discovery service

Thomson Financial has launched an aggregation service to establish a consolidated pool of liquidity in fixed income markets for discovery of prices and trading partners.

15 October 2001

/Sibos

Omgeo releases central trade management software code

Straight-through processing joint venture Omgeo has released the complete working software code for its Central Trade Manager product (Omgeo CTM) and the production version of its Oasys-TradeMatch solution. The company, set up by The Depository Trust & Clearing Corporation (DTCC) and Thomson Financial, has also published early adopter pricing examples for Omgeo CTM.

15 October 2001

/Sibos

Data management hurdle to STP

Four out of five financial institutions see badly managed reference data as a major cause of internal straight-through processing (STP) failure, according to a report from TowerGroup, Reuters and Capco.

15 October 2001

/Sibos

Reuters and Capco forge STP joint venture

Reuters and Capco have formed a multi-million pound joint venture to develop a range of software data management services for increased operational efficiency and straight-through processing (STP) of financial transactions.

09 October 2001

/Sibos

Omgeo to begin beta tests in August

Straight-through processing joint venture company Omgeo has released the messaging component and API for its Central Trade Manager software. The company, set up by Thomson Financial and New York's Depository Trust and Clearing Corporation (DTCC) to deliver trade management solutions for cross-border securities settlement, says it is on track to begin beta testing in August with commercial roll-out scheduled for year-end.

20 June 2001

/Sibos

Omgeo selects Sun for trade management hub

Omgeo, the straight-through processing joint venture established by the DTCC and Thomson Financial, has committed to the use of Sun hardware as the production basis for its global trade management hub.

19 June 2001

/Sibos

Omgeo approval has sting in the tail

The Depository Trust & Clearing Corporation and Thomson Financial have set 1 May as the launch date for Omgeo, their joint venture for global straight-through processing. Approval for the initiative was granted by US regulators on condition that the two vendors provide fair and reasonable linkages to competing utilities.

23 April 2001

/Sibos

DTCC and Thomson firm up Omgeo STP bid

The Depository Trust & Clearing Corporation (DTCC) and Thomson Financial have appointed five banking board members to serve on the board of straight-through processing joint venture company Omgeo. In addition, Adam Bryan has been named the new president and CEO, replacing Howard Edelstein, who has stepped down.

19 March 2001

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