22 October 2017
visit www.response.ncr.com

OM demos central clearing and settlement system

07 March 2002  |  2806 views  |  0 OM demos central clearing and settlement system

OM is showcasing its new central securities depository and settlement system, Exigo CSD, at the FOW International Derivatives Exhibition in Frankfurt this week.

The system covers both domestic and cross border settlement and other CSD financial services in a real-time environment.

Its architecture can be configured to mirror any CSD operating structure, allowing easy addition of new functionality and instruments, says the vendor, along with easy link-ups with other CSD organisaitons and settlement systems worldwide.

Magnus Böcker, chief operating officer at OM, comments: “We estimate that over the next five years CSDs worldwide will move from in-house technology development to total outsourcing."

SFE will be the first exchange to implement Exigo CSD, creating one common infrastructure for the clearing and settlement of all SFE-listed derivatives and debt securities in the Australian market.

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

WestLB goes live with OM for securities processing

WestLB goes live with OM for securities processing

25 February 2002  |  3274 views  |  0 comments
OM expands global services business with Hostmark acquisition

OM expands global services business with Hostmark acquisition

17 January 2002  |  2292 views  |  0 comments
OM and BrokerTec strengthen technology ties

OM and BrokerTec strengthen technology ties

16 January 2002  |  3044 views  |  0 comments
SFE outsources clearing operations to OM

SFE outsources clearing operations to OM

14 January 2002  |  2882 views  |  0 comments
OM to build NASD trade quotation system

OM to build NASD trade quotation system

10 January 2002  |  3227 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.niceactimize.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10484 views comments | 22 tweets | 26 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
10006 views comments | 17 tweets | 24 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9062 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8133 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7917 views comments | 10 tweets | 22 linkedin

Featured job

circa £250K total package
London

Find your next job