Omgeo's Trade Matching Foray Approved by Chilean Regulator
Chilean regulator Securities and Insurance Supervisor (Superintendencia de Valores y Seguros, or SVS) has authorized the implementation of a joint trade matching service between Omgeo and the Chilean central depository, Depósito Central de Valores (DCV). The solution, which is currently in the testing stage, connects Omgeo Central Trade Manager (CTM) to DCV, enabling brokers to access the central matching capability of Omgeo CTM via DCV's institutional delivery system, SADE.
Omgeo CTM is a platform for the central matching of cross-border and domestic equity, fixed income, exchange-traded derivative and contract for difference transactions. The goal of Omgeo and DCV's joint matching solution is to automate the matching process in the Chilean markets, reducing the risk of trade failure.
"The SVS's approval of this solution will help DCV market participants reduce settlement risk by enabling automated communication with trade counterparts globally," says Fernando Yanez, CEO of DCV. "By improving the efficiency of our markets, Latin America's role in the global marketplace will only continue to increase."
Omgeo also offers links from its services to the Depository Trust & Clearing Corporation (DTCC), Canadian Securities Depository (CSD), Korean Securities Depository (KSD) and Japanese Securities Depository (Jasdec).
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Is exchange tech ready for 24/7 markets?
Overnight trading is coming to equities markets. Venues and vendors, both new and old, are preparing for it.
The industry is not ready for what’s around the corner
Waters Wrap: As cloud usage and AI capabilities continue to evolve (and costs go up), Anthony believes the fintech industry may face a similar predicament to the one facing journalism today.
Overbond’s demise hints at cloud-cost complexities
The fixed-income analytics platform provider shuttered after failing to find new funding or a merger partner as costs for its serverless cloud infrastructure “ballooned.”
Pico’s IntelliVUE brings observability to its networks
Leveraging its 2019 acquisition of Corvil Analytics, Pico is providing users with real-time oversight and monitoring of their connectivity.
Technical and regulatory questions surround Europe’s T+1 move
The EU roadmap mirrors the UK’s goal of an October 2027 move. With more than two years to prepare, firms must consider how to implement the non-prescriptive guidelines and weigh where to automate.
Academic warns of systemic risk from AI-powered trading
Strategies generated by LLMs exhibit “very strange, correlated trading behavior”, says Lopez Lira.
The Model Context Protocol brings agents to life—along with risk
Waters Wrap: From chat to infrastructure modernization, Anthropic’s MCP offers a ‘bridge’ to agentic AI, but its early days may prove disillusioning.
NZX outlines plans to bolster fast-growing dark pool
Since launching one year ago, NZX’s dark book has 5.5% of the exchange’s total turnover, and price improvement per trade on average is 11 basis points, but the exchange has more in store.
