Cost savings. Broker/dealers using version 7.1 can subscribe to the TradeSuite Confirm Disclosure Service. This optional service works in conjunction with Omgeo inSITE® , a Web repository to provide counterparties access to electronic confirm disclosures. Eliminating the print, mail and storage costs associated with paper disclosures results in industry-wide cost savings.
Risk mitigation. Confirm disclosures are maintained in Omgeo inSITE for seven years. This provides both buy- and sell-side parties easy on-demand access in the event of a dispute.
Compliance. Ensure SEC compliance by populating required discrete 10b-10 fields.