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Omgeo offers free educational webinars on our solutions.
Did you know you can put your cross border instructions in ALERT?
Did you know you can customise Omgeo CTM‘s trade blotter?
Make a new resolution to update your knowledge of your Omgeo Product. It’s quick and easy to visit www.omgeo.com/training
and register for free webinars.
The latest update to Omgeo 18-month Product Plan available.
Omgeo provides a quarterly update on our on-going product roadmap. The latest edition is now available. Please click here to review the plan. Please note that you will be asked for your username and password to access the plan.
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The Omgeo STP Partners Program encompasses software, network and infrastructure service providers who have achieved certified interfaces to Omgeo.
For more information on the STP Partners Program, please click here. |
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| A DTCC | Thomson Reuters Company |
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Welcome to the first edition of the 2009 Omgeo’s StraightTalk e-newsletter. Each quarter, we’ll bring you relevant and important news on Omgeo solutions and our growing community, as well as how we can work together with you – our clients and partners - to drive operational stability and increased efficiency.
What can we expect for the rest of 2009? Perhaps a return to basics.
2008 was an incredibly turbulent year that brought a great deal of challenges. We have seen brokers collapse, government bailouts, the nationalisation of banks and lenders, massive asset write-downs, layoffs and huge financial losses for nearly all investors. No one will question that it was a year that reshaped the entire global financial services industry. So what can we expect for the rest of 2009?
Click here to read Matt Nelson’s blog. Omgeo’s Market Intelligence Director shares his thoughts on where we think the industry is headed this year.
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Omgeo ALERT - New Markets/Validations coming soon
In Q1 ALERT will be updated with expanded coverage of instruments, depositories and market rules and will enforce tighter controls on existing instructions within the system. This will enable clients to communicate a wider range of settlement instructions and streamline processes. It will also increase data integrity and reduce potential failed trades. This release will also leverage the latest market practice rules (ISITC). To learn more, please click here.
Omgeo CTM Settlement Notification (SN) Adds New Functionality
Omgeo is pleased to introduce new Omgeo CTM functionality for non-SWIFT enabled third parties. The new functionality allows you to receive settlement notifications via secure ftp as well as in a CSV format. With the new release, you can also send settlement notifications prior to a trade reaching a “Match Agreed” state in Omgeo CTM, which is critical in short settlement-cycle markets. This project builds on the previous Omgeo CTM Settlement Notification release that enables clients to send a SWIFT message to up to 15 third parties. To find out more, click here.
What’s New
Collateral Management and Reconciliation – New Offerings
Omgeo is working with the financial services community to create robust solutions to proactively control counterparty risk, specifically around collateral management and reconciliation. Introducing…
Omgeo CrossCheckSM- Centrally-hosted, exception management solution that automates the comparison of portfolios of derivatives between counterparties. To read more, click here.
Omgeo ProtoCollSM- End-to-end, event-driven collateral and margin management workflow solution that automates the complex collateral process. To read more, click here.
Dutch Pension Fund Mn Services live on Omgeo ProtoColl
We are proud to announce that Mn Services are now live on Omgeo ProtoColl. By using this system, Mn Services gains tremendous insight into its exposures and risk profiles.
Omgeo ProtoColl client Mn Services manages assets totaling EUR 65 billion (August 2008) and looks after pensions of more than 1.1 million individuals and more than 33,000 employers, making it one of Europe’s leading groups in the field of asset management and pension administration.
“After reviewing some of the available solutions for collateral management, we determined Omgeo ProtoColl would best suit our needs,” said Muhittin Elvan, head of risk control at Mn Services. “Not only is the technology and functionality the most comprehensive, but because the product was designed specifically with investment management and hedge fund communities in mind, it was the solution that best met our specific needs. Additionally, Omgeo ProtoColl not only identifies any collateral discrepancies, but also gives transparency into those exceptions to highlight which details need to be resolved between counterparties.”
To find out more about how you can benefit from these solutions contact us on askomgeoeurope@omgeo.com. Or click here to read the full press release.
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| Spotlight: Flight to Safety |
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Flight to Safety: In today’s market, with government bailouts and the collapse of a number of major players in the global financial services industry - it is no wonder that there is hype about a ‘flight to safety’ in the securities industry.
This flight to safety has caused many in the industry to take extreme actions. We have seen hedge funds turn to the diversified banks instead of using an independent broker/dealer. Also, many institutional investors are returning to equities, fixed income and cash in their portfolios instead of holding hedge funds. Acquisitions are becoming more frequent in the financial services industry in order to survive, there is greater government intervention and many big names have already gone into administration.
The reason for this shift in mentality is the lack confidence from all sides of the market. It is unknown how long “crisis” will actually last and in this hugely volatile market there is a great deal of uncertainty. Many economists, analysts and industry experts have made predictions that the crisis will end in one, two or even five years, but the truth is no one knows. Investors have little confidence in “risky” investments (i.e. complex derivatives, hedge funds, private equity) and are seeking “safe-havens” in more secure ones (i.e. cash and highly liquid government bonds).
With that said, it is important to note that this ‘flight to safety’ is not a universal opinion. Many organisations are still seeking high returns and therefore will to continue to manage diverse portfolios in order to generate higher returns – still mindful, but regardless of the level of risk involved.
Omgeo understands the need to diversify and the importance of managing risk in these volatile and uncertain market conditions. Our solutions support a broad range of asset classes regardless of your investment strategies or market including equity, fixed income and derivatives.
If you would like to learn more or receive a copy of our asset class coverage, email us at askomgeoeurope@omgeo.com
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