22 August 2017
visit www.avoka.com

Omgeo returns $20 million dividend

06 January 2003  |  3270 views  |  0 Omgeo returns $20 million dividend

Post-trade processing joint venture Omgeo has returned a $20 million dividend to its parent companies, Depository Trust and Clearing Corporation and Thomson Financial, after reporting a 20% increase in daily trade processing volumes over the past year.

The company, which has emerged as the sole standard bearer for the virtual matching concept after the demise of rival outfit GSTPA, says it signed 730 new clients last year, ensuring the financial success of the company.

In the VMU arena, Royal London Asset Management and Deutsche Bank Global Fund Services are the first two live clients from 55 firms that have signed up for Omgeo's central trade management system.

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

Deutsche Bank GFS goes live on Omgeo CTM

Deutsche Bank GFS goes live on Omgeo CTM

10 December 2002  |  4978 views  |  0 comments
GSTP failure pushes SIS Financial Services into the red

GSTP failure pushes SIS Financial Services into the red

04 December 2002  |  3400 views  |  0 comments
CheckFree joins Omgeo STP Partners Program for reconciliation

CheckFree joins Omgeo STP Partners Program for reconciliation

04 December 2002  |  3112 views  |  0 comments
GSTP fall out begins as Northern Trust writes off $4.8 million

GSTP fall out begins as Northern Trust writes off $4.8 million

26 November 2002  |  4272 views  |  0 comments
GSTP winds up operations

GSTP winds up operations

22 November 2002  |  3886 views  |  0 comments
Omgeo selects BEA WebLogic platform for securities settlement

Omgeo selects BEA WebLogic platform for securities settlement

12 November 2002  |  3572 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.vasco.comvisit www.worldpaymentsreport.com

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12234 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10755 views comments | 22 tweets | 33 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10103 views 0 | 6 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9995 views comments | 10 tweets | 8 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
9888 views comments | 21 tweets | 34 linkedin

Featured job

Find your next job