Omgeo Looks to Repo Support
NEW YORK—Affirmation and allocation utility Omgeo is looking to expand support for repos in a future release of its Oasys allocation and acceptance service for fixed-income trades, DWT has learned.
"We do have big repos being processed today, but we need to enhance it to really get the full benefit, get more order flow going through there, and get the efficiencies that some of our customers want with the repo," says John Burchenal, managing director of market growth for Omgeo.
Repo is challenging
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