Middleware vendor Mercator has released InsideOmgeo CTM, an out-of-the-box solution for investment managers and broker dealers converting to the post-trade processing utility.
The solution can integrate multiple back office systems to Omgeo CTM without the need for coding or changes to the applications themselves, says the vendor. Different business areas, such as equities and fixed income, can share the same connectivity to the central matching utility, automating trade processing across the whole enterprise.
The package includes an intuitive interface that makes it possible to create, edit, repair and verify transactions in real time and send those transactions to Omgeo CTM. Full exception management capabilities are supplied, and the same exception management interface can be used for all confirmation types, including Oasys Global, FIX and Swift. The frequency of status updates from the CTM can be pre-set according to the needs of a specific business.
The middleware currently provides support for messages generated by investment managers/outsourcers, with broker/dealer needs to be supported in the next release.
Mercator is demonstrating the product running on a Sun Solaris platform at the SIA Technology Conference in New York this week.
Also at the show, Financial Fusion similarly announced Omgeo CTM certification for its TradeForce message transformation system. TradeForce for Omgeo offers clients a Java-based solution for post-trade processing, with full conformance to Omgeo, FIX and Swift standards.