SimCorp joins Omgeo STP Partners programme
19 March 2002 | 3101 views | 0
SimCorp is to create an interface from its TMS2000 investment management system to Omgeo's Central Trade Manager for real-time settlement, under the utility's STP Partners programme.
Omgeo CTM facilitates straight-through processing between the fund manager and counter parties to the trade – the broker and the custodian - both for domestic and cross border trades.
Kjell Nordgard, managing director of SimCorp, says: “Omgeo Central Trade Manager will bring great efficiency and automation for our clients post trade. By joining the STP Partners programme we will be able to work with all vendors on STP processes and set strategic business objectives for the benefits of all of our clients.”
With SimCorp’s client base being primarily based in Europe, the partnership will bring US-based Omgeo closer to some key European markets, including Germany and Scandinavia as well as the UK.