Omgeo adds TransactTools' FIX interface to CTM

Source: TransactTools

TransactTools, the industry leader in enterprise messaging solutions for the financial industry, announced today that it has partnered with Omgeo to provide a FIX interface to Omgeo Central Trade Manager (Omgeo CTM), a state-of-the-art STP solution for processing trades from execution through to settlement.

With the FIX interface to Omgeo CTM, investment manager clients are able to utilize FIX 4.4 for both equity and fixed income trade processing, linking front and back offices.

Steve Matthews, Managing Director, Product and Business Development at Omgeo, noted, "TransactTools' TCM provides a reliable, robust and scaleable platform for Omgeo. Their professional services team understands our business and, using their FIX and technical expertise, delivered a solution that can be adopted easily by our customers and partners. TransactTools worked closely with us to ensure a successful implementation, supporting us in our ongoing effort to embrace industry protocols."

TransactTools, an Omgeo Certified STP Partner, built the solution on top of its TCM (Transactional Connectivity Management) platform, seamlessly integrating the Omgeo CTM protocol as a pluggable protocol within TransactTools' TCM architecture. Thus, all features and functions of the TCM platform are available to all Omgeo CTM message flows, including the ability to monitor the transactions. TransactTools has also provided monitoring tools that provide real-time business state views into both the FIX and Omgeo CTM message flow.
TransactTools VP of Professional Services and Customer Support, Cydney Berry commented, "We are very pleased to bring this solution to market. Our services team has worked very closely with Omgeo and it has been a great partnership. Our TCM platform is ideally suited for seamless multi-protocol interoperability."

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