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Omgeo Reveals Two-Phase Approach to Trade Management

MIDDLEWARE AND STP

NEW YORK--Omgeo, the Thomson ESG-DTCC global joint venture aimed at facilitating straight through processing and T+1 securities settlement, offered a progress report and timetable for its organizational and trade management system development efforts to industry participants here last week.

Omgeo is taking a two-phase approach to development of its suite of post-trade, pre-settlement messaging and processing systems that will enable investment managers, broker/dealers, custodians and clearing

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