Omgeo announces pricing changes 14 February 2013New York Reporter: Jenna Jones
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Omgeo has introduced pricing changes to reduce costs and overall risk in the financial markets by incentivising industry best practice.
The firm is able to offer these pricing changes as a direct result of cost efficiencies gained from ongoing investments in infrastructure and technology. Omgeo has extended these changes to its clients through targeted price adjusting across a number of services.
Previous price adjustments have included reductions to the firms US securities post-trade processing service, Omgeo TradeSuite ID, with savings ranging between 20 and 35 percent.
Tim Keady, managing director of sales and solution delivery at Omgeo, said: “By delivering targeted price reductions, introducing best practice cost incentives and streamlining middle office processes, Omgeo has taken, and continues to take, tangible steps to bring increased efficiency to the global markets at a compelling total cost of ownership.”
“As local markets continue to introduce shorter settlement cycles around the world, we will look to do everything we can to support our clients in this effort.”
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