Omgeo returns $20 million dividend
06 January 2003 | 3304 views | 0
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.