Crest, Omgeo Partner for STP In the UK

STRAIGHT THROUGH PROCESSING

LONDON--Crest, the securities settlement system, has partnered with trade management solution Omgeo to provide a cheaper settlement service for domestic and cross-border trades in UK securities that combines straight through trading and a settlement service.

Iain Saville, chief executive of Crest, says the system will bring down costs by having parties connect to Omgeo, which will centrally handle all trade agreement and settlement aspects of a trade, cutting out most of the various messages

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