Canadian manager automates trade processing with Omgeo

The Omgeo CTM platform allows matching of Canadian and international trades executed by CC&L; trade data can then be sent to the Canadian Depository for Securities for settlement.

According to officials at CC&L, the Omgeo CTM implementation will also enable the manager to comply with Canada's new rule targeting institutional trade matching and settlement, National Instrument 24-101 Institutional Trade Matching Mandate.

CC&L chief administration officer Andrew Lefevre explains that issues of bo

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