18 October 2017
Find out more

Five investment firms join Omgeo CTM tests

20 November 2003  |  4861 views  |  0 Five investment firms join Omgeo CTM tests

Trade matching venture Omgeo has released a new version of its straight-through processing (STP) platform, Omgeo Central Trade Manager (Omgeo CTM), which includes functions that can help reduce implementation time to 6-8 weeks.

Version 1.3 of the central matching utility features a Web interface, allowing clients to connect to the Omgeo CTM host via the Internet, while eliminating the cost and set-up time associated with leased lines. Omgeo says access via the Internet lowers barriers to entry by providing all types of clients with a simple and cost-effective way to connect.

The new release also includes message mapping tools that simplify the coding effort to provide baseline functionality, enabling investment managers to reduce the time required to upgrade to Omgeo CTM as well as simplifying integration with order management/portfolio management systems.

An enhanced interface provides access to new features for viewing current and past trade status and amending or rejecting trade level and detail information.

Jim Casey, MD, global product management and marketing, Omgeo, says: "By offering this new functionality, we have responded directly to our clients' need for a reduction and simplification of the integration effort required to implement Omgeo CTM."

Casey adds: "By reducing the barriers to increased automation, we aim to expand the reach of STP to all securities firms, regardless of their size."

In addition to the existing CTM clients, five new firms - including AXA Rosenberg Investment Management, Fisher Investments and LSV Asset Management - have partnered with Omgeo to pilot the new release and are currently going through Beta testing.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Asia making progress in STP

Asia making progress in STP

21 October 2003  |  3575 views  |  0 comments
Brief: Trace Financial to offer Omgeo CTM connectivity

Brief: Trace Financial to offer Omgeo CTM connectivity

20 October 2003  |  3363 views  |  0 comments
Omgeo CTM attracts JPMorgan as first custodian

Omgeo CTM attracts JPMorgan as first custodian

19 September 2003  |  4926 views  |  0 comments
Omgeo applies Cameron FIX

Omgeo applies Cameron FIX

07 July 2003  |  4125 views  |  0 comments
SunGard to provide automatic updates to Omgeo Oasys and Alert

SunGard to provide automatic updates to Omgeo Oasys and Alert

17 June 2003  |  6685 views  |  0 comments
Omgeo in a FIX, says CityIQ; corporate actions coming good

Omgeo in a FIX, says CityIQ; corporate actions coming good

19 May 2003  |  6730 views  |  0 comments
Omgeo devises multi-broker automated allocation portal

Omgeo devises multi-broker automated allocation portal

27 March 2003  |  3368 views  |  0 comments
Omgeo proposes 'Deal Time STP'

Omgeo proposes 'Deal Time STP'

20 March 2003  |  3588 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.sibos.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15111 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8333 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7821 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7227 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6389 views comments | 8 tweets | 16 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job