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Omgeo CTM celebrates worldwide expansion


25 February 2013 New York
Reporter: Jenna Jones

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Image: Shutterstock
Twenty-eight investment manager and broker/dealer firms have signed to adopt the new exchange-traded derivatives functionality in Omgeo Central Trade Manager (Omgeo CTM).

Omgeo CTM is the firm’s new central matching service for equity, fixed income, exchange-traded derivative and contracts-for-difference trades.

Omgeo recently increased asset class coverage on Omgeo CTM by adding central trade matching workflows for ETDs, building on the existing cross-asset class functionality.

The development of Omgeo CTM, including the addition of new ETD capabilities as well as the migration of broker/dealer clients from Omgeo’s legacy local matching solution, Omgeo OASYS Global, to Omgeo CTM by 30 June 2013, have contributed to a 35 percent increase in Omgeo CTM clients in the past year.

Ted Leveroni, executive director of derivatives strategy and external reactions at Omgeo, said: “Many of our clients want to operationally standardise their ETD post-trade processing with their equity and fixed income transactions, which are usually matched on the same day as trade date.”

“We added ETD functionality to Omgeo CTM because we recognised that there was a need for a community-based solution that addressed the emerging regulatory framework around transparency and risk mitigation in the processing of derivatives. We are pleased to see our community embrace automation in this asset class.”
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