Omgeo selects Sun for trade management hub

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.

Under the agreement, Sun will provide performance and stress testing for Omgeo's workflow hub, optimise the hardware and configuration for performance and availability, train and certify Omgeo's production personnel, and provide round-the-clock on-site technical support.

Omgeo and Sun say they will work together to promote the platform and solution to the global securities industry.

David Littlewood, senior director, world-wide financial services for Sun Microsystems, comments: "This relationship gives companies the opportunity to utilise a trade management solution that is highly reliable and available throughout the entire post-trade environment, which is another major milestone towards achieving global STP."

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