Omgeo ALERT - New Markets/Validations
Throughout 2008, we released several product information bulletins on new ALERT functionality being delivered in Q1 2009. These modifications include expanded instrument coverage, depositories and market rules and enforcement for tighter controls on existing instructions. Clients will benefit by being able to communicate a wider range of settlement instructions that will help to streamline processes, increase data integrity and reduce potential failed trades. It is also important for partners to note that current interfaces will require updates on a variety of levels across the product sets, as this is not an optional release. To learn more, please explore the links below or contact Robert Levangie at robert.levangie@omgeo.com.
ALERT Direct Partner Impact - click here
Central Trade Manager FIX, MTI & XML Partner Impact - click here
Omgeo Central Trade Manager: Update on Broker/Dealer Availability
Omgeo Central Trade Manager is now available to the broker community. Adopting Omgeo CTM on the sell side allows clients to upgrade from legacy OASYS Global systems to begin to take advantage of the increasing functionality we continue to build into our newest cross-border transaction platform. Omgeo CTM for Brokers supports Equity, Fixed Income and Phase 1 of Exchange Traded Derivatives (ETD) asset classes (January 2009), with future support for the giveup process with ETD Phase 2 and Foreign Exchange arriving later in 2009/early 2010. Counterparties seeking to tap into the demand for post-trade automation associated with these new asset classes will need to adopt Omgeo CTM. For more information, please contact Simon Powell at simon.powell@omgeo.com.
Omgeo CTM for Broker/Dealers – click here
TradeSuite: SEC Mandated Fields, Confirm Disclosure Service and Omgeo inSITE
Omgeo’s recent release of TradeSuite 7.1 includes two important enhancements to our post-trade processing service. To maintain compliance, the SEC requires that TradeSuite users implement new 10b-10 discrete fields included on the revised TradeSuite 7.1 confirm by June 30, 2009. In addition, Omgeo recently launched the TradeSuite Confirm Disclosure service, that works in conjunction with a web-based central repository (Omgeo inSITE), to allow users to view disclosures electronically. Use of this service eliminates the need to print, store and manage paper disclosures, resulting in significant cost savings. In order for mutual clients to take advantage of the new discrete fields and the TradeSuite Confirm Disclosure Service, Omgeo Partners will need to make changes to select fields within their TradeSuite interface. Any Omgeo partner who has a TradeSuite interface should click here to learn more or contact Brad Buccini at brad.buccini@omgeo.com.
Counterparty Risk Management – New offerings
Counterparty risk management is one of the largest areas of concern today for banks and other investment management firms. Omgeo recently introduced two new solutions designed to proactively manage client counterparty risk with particular regard to collateral management and derivative reconciliation. Introducing…
Omgeo ProtoCollSM- End-to-end, event-driven collateral and margin management workflow solution that automates the complex collateral process
Omgeo CrossCheckSM- Centrally-hosted, exception management solution that automates the comparison of portfolios of derivatives between counterparties
To learn more about how we can partner to deliver counterparty risk management solutions, please contact Peter Blaine at peter.blaine@omgeo.com.
To learn more about Omgeo’s services, please contact the Global Alliances team here!
