SEI Investments signs up to Omgeo STP Partner programme
27 March 2002 | 3043 views | 0
SEI Investments is to integrate its investment processing platform with Omgeo's TradeHub for real-time securities settlement, under the utility's STP Partners programme.
Omgeo TradeHub is a virtual matching utility that links and provides standard messaging between investment managers, brokers, custodians, clearing agencies and depositories. Only one party need input trade details and the system automatically routes them to other participants.
SEI is beta testing the TradeHub integration with one of its large national bank clients and expects it to be available to all investment processing clients, which include 5500 financial institutions and advisors, later this year.
Kevin Barr, SEI senior vice president, investment processing solutions, comments: "This integration is an essential component to our comprehensive solution for straight-through processing for our clients."