Global vendor Omgeo has announced that it has completed the migration of clients from its legacy Oasys platform to Omgeo Central Trade Manager (CTM), as it also touted the addition of 220 investment and broker-dealer clients in 2013 to date.
The migration, which has taken four years to complete, reached fruition in June this year, with over 500 broker-dealers successfully transitioning to the service. CTM clients are able to utilize automatic settlement and account instruction enrichment via the vendor's Alert service.
"We now have around 1,500 clients on our CTM platform, our modern alternative to Oasys global" says Tony Freeman, global head of industry relations at Omgeo. "The includes, approximately, 655 investment managers and 800 broker-dealers. It's been a long haul, a lot of hard work, and I'd like to say thank you to our clients for a successful project done on time."
In addition to the client migration, several vendors have developed interfaces between their products and Omgeo CTM, including Athena Systems, Eze Software Group and Enfusion.
Latest news from Sell Side Technology
Updating your subscription status
Winner's Announced: Sell-Side Technology Awards 2015
The winners of the 3rd annual Sell-Side Technology Awards 2015 were announced in New York on April 21, recognizing the leading third-party vendors serving the sell side in their area of expertise, through an auditable and transparent methodology. To view the winners across the 28 categories click here.
The catalyst for change in client reporting is a more empowered, digitally aware consumer. Excellence of service delivery will be key to investment managers...
Without a consistent source of data and limited functionalities in existing systems, firms are unable to perform tasks that are becoming increasingly important...