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Omgeo Continues Momentum in Japan
Expands Solutions for Financial Firms in Japan and Relaunches Japanese-Language Website
Tokyo and Boston, -- January 27, 2010 -- Omgeo, the global standard for post-trade efficiency, today announced significant milestones achieved in Japan in terms of facilitating operational efficiency, reduced costs and increased risk mitigation for clients in the region. Further demonstrating the firm’s commitment to Japan, Omgeo has also relaunched the Japanese-language version of its website, www.omgeo.com/japan.
Omgeo wrapped up 2009 with significant growth in Japan, with 27 percent growth in business in the past 3 years. Trade volumes processed through Omgeo Central Trade ManagerSM (Omgeo CTM), the central matching engine, in Japan also hit over 1 million transactions in 2009. This success underscores Omgeo’s increased focus on Japan over the past 3 years as a key market for long-term growth.
Additionally in 2009, Omgeo achieved the following milestones:
• New Japanese domestic investment manager clients on Omgeo CTM increased by 43% since the end of 2008;
• 11% of Japanese broker clients signed to Omgeo CTM for broker/dealers, which was introduced in 2008;
• Omgeo’s JASDEC link, which is a direct connection between JASDEC PSMS and Omgeo CTM/OASYS Global became available on a full scale.
Further demonstrating Omgeo’s commitment to Japan, the company relaunched the Japanese-language version of its website. The new site provides Japanese clients with the most up-to-date information pertaining to Omgeo in the Japanese language.
“While the Omgeo business has been established in Japan for over decade, we are absolutely thrilled with our most recent surge in momentum,” said Tim Keady, managing director, global sales and relationship management, Omgeo. “Despite the recent economic turmoil around the globe, it is clear that the financial community in Japan is dedicated to reducing operational risk and the costs associated with trade processing. We are pleased to play such a role in incorporating automation into the post-trade environment and we look forward to continuing to strengthen our offerings to the Japanese community.”
About OmgeoSM
Omgeo creates certainty in post-trade operations through the automation and timely confirmation of the economic details of trades executed between investment managers and broker dealers. Every day Omgeo enables an efficient community of more than 6,000 financial services clients in 46 countries to manage matching and exception handling of trade allocations, confirmations, and settlement instructions. Omgeo has also extended its trade lifecycle coverage to include counterparty risk management, which supports end-to-end collateralization and reconciliation across multiple asset classes. Leading organizations rely on Omgeo to help manage an increasingly complex investment industry by providing operational stability and solutions that complement the focus on profitability in an era of escalating trade volumes. Across borders, asset classes, and trade lifecycles, Omgeo is the global standard for operational efficiency across the investment industry. Formed in 2001, Omgeo is jointly owned by the DTCC and Thomson Reuters.
For more information about Omgeo, please visit www.omgeo.com.
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