Omgeo Automates SSI Data Management for Custodians & Brokers

State Street one of five custodians due to go live with the new capabilities.

Bill Meenaghan, global product manager for ALERT, Omgeo

Bill Meenaghan, executive director of Alert product management for Omgeo, tells WatersTechnology that traditionally investment managers have maintained SSI data manually, but they're increasingly turning to their prime brokers and global custodians to help them reduce risk.

In the worst case, by doing this manually there can be data entry errors that result in cash being moved into an incorrect account with the inability to get it back.

"The biggest risk is that you are relying on a user to add

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