Omgeo CTM is fast becoming the standard for efficiency via central matching!
We’ve seen a large shift in our community toward Omgeo’s newest, most innovative technology: Omgeo CTM. In fact, Omgeo CTM volumes have increased over 256% since 2006, far outpacing Omgeo OASYS Global growth. To continue this momentum, Omgeo is focused on increasing your value from Omgeo CTM by adding new asset class support (such as Exchange Traded Derivatives and Foreign Exchange), providing access to emerging markets and enhancing functionality.
18-month product plan recently updated.
Omgeo remains committed to providing insight into our upcoming product deliverables to ensure you’re equipped to adequately budget and plan for upcoming product enhancements. To review the updated plan on the Omgeo.com Client Center, please click here.
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Welcome to the first edition of the 2009 Omgeo Straight Talk Americas e-newsletter. In each edition, we’ll bring you relevant and important news on Omgeo solutions and our growing community, as well as how we can partner with you to drive operational efficiency and reduce risk.
Message from Omgeo CEO Marianne Brown on expansion into portfolio reconciliation and collateral management
On behalf of everyone at Omgeo, I am pleased to announce that we’ve embarked on an exciting path to set a new standard in derivatives portfolio reconciliation and collateral management. You may have seen that we recently acquired Allustra and a software license from Global Electronic Markets (GEM). By combining GEM’s portfolio reconciliation capabilities with Allustra’s collateral management service, Omgeo brings a unique offering to the financial services industry that allows us to extend our back office capabilities, while enabling our client community to more effectively manage operational risk within their firms. Click here to read Marianne’s message in its entirety.
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Omgeo Central Trade ManagerSM (Omgeo CTM) Broker XML & FIX 4.4: Deployed to Production
Omgeo is pleased to introduce the first phase of Omgeo CTM for broker/dealers, providing XML and FIX 4.4 connectivity for the sell-side. The Omgeo CTM broker/dealer solution provides one common platform where buy-side and sell-side participants can interact in both domestic and cross-border markets. This is the first step in realizing our vision of providing broker/dealers access to the central matching capabilities and overall efficiencies of Omgeo CTM. If you are interested in learning more about this project or becoming an early adopter, please contact Sheldon Warrick, Executive Director of Relationship Management. To learn more, please click here.
Omgeo TradeSuiteSM: Confirm Disclosure Service
The Omgeo TradeSuite Confirm Disclosure Service is an optional new component available in TradeSuite 7.1, currently in production. The service will provide an electronic alternative to cumbersome paper disclosures by enriching electronic confirms with a link to an online repository where broker/dealers can store disclosure information. Omgeo was granted a “No Action Letter” by the SEC essentially stating that, from a 10b-10 compliance standpoint, access to disclosures equals delivery and use of the Confirm Disclosure Service would not result in enforcement action. For more information, please click here.
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Omgeo is committed to providing highly reliable and available solutions to our clients. One of the ways in which we support this commitment is through a comprehensive Business Continuity Management (BCM) program that enables Omgeo to quickly respond to and recover from a business disruption. Our mission is to resume normal business and client support operations with minimal service impact to our clients, in the shortest time possible. We continue to focus on embedding best BCM practices within the organization through several initiatives including a business impact analysis (BIA), pandemic planning and a new business continuity planning tool, among others. Click here to learn more.
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Marianne Brown: The regulators need you…
This blog by Marianne Brown addresses the burning issue around regulation and how far-reaching it should be. She argues that regulation should go far enough to protect investors and correct any misalignments in the industry but it mustn’t inhibit a firm’s ability to participate in the global marketplace. She adds that the most effective way of devising rules for the capital markets is for the industry to work in partnership with the regulators to establish a robust framework.
Tim Lind: Hedge funds are not the root of all evil
Tim Lind’s blog asserts that it is wrong that hedge funds are put in the line of fire for the recent unraveling of the financial markets. The write-down of sub-prime assets and credit portfolios is a result of failed valuation, failed ratings models, excess leverage, and poor business practice on the part of investment and commercial banks. He adds that liquidity is the lifeblood of our industry and the root of all evil is not hedge funds but a marketplace that lacks liquidity.
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Omgeo Adds Leader in Relationship Management to Board of Managers, October 27
Over $12 Million Benchmarked as Cost of Manual Processing of Separately Managed Account Trade-Aways, October 14
Omgeo Acquires Allustra and Announces Collateral Management and Derivatives Reconciliation Solution, September 14
Omgeo Makes Significant Enhancements to Omgeo ALERT, Further Improving Data Integrity, September 8
Omgeo Demonstrates Significant Momentum in Hedge Fund Operations Arena, September 2
Omgeo Welcomes Scott Hillyer as Managing Director, Client Operations, August 27
Omgeo Enhances Omgeo Central Trade Manager Settlement Notification Functionality, August 4
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