â¢ Organization also receives awards for âBest Automated Solution for Reconciliations & Exception Managementâ and âBest Data Management Initiativeâ.
Omgeo, the global standard for post-trade efficiency, today announced that it has won four awards in the first annual FTF News â2011 Technology Innovation Awardsâ. Winners of FTF News were selected by the more than 3,800 survey respondents, including industry participants and readers of FTF News, an online financial services publication focused on trends and initiatives in securities trading and operations.
Omgeo won the FTF News awards in the following categories:
â¢ âService Provider of the Yearâ
â¢ âPerson of the Yearâ
Marianne Brown, President & CEO of Omgeo, tied with Cris Conde, CEO of Sungard
â¢ âReconciliations & Exceptions Management â Best Automated Solutionâ
Omgeo won the award for its full suite of exceptions and reconciliation management products that enable market participants to efficiently process and reconcile trades across multiple asset classes. These products include Omgeo ALERTSM for accurate and compliant standing settlement and account instruction (SSI) enrichment, Omgeo Central Trade ManagerSM (Omgeo CTM) & OASYS-TradeMatchSM for the central matching of equity and fixed income trades, and Omgeo CrossCheckÂ® for portfolio reconciliation.
â¢ âBest Data Management Initiativeâ
With this award, Omgeo and Markit were recognized for their partnership to standardize and enhance the way investment manager and broker/dealer firms manage the documents required to open and maintain accounts. The partnership enables clients to leverage Omgeo ALERT, a web-based global database for the maintenance and communication of standing settlement and account instructions (SSI), to access account opening documentation in Markit Document Exchange (MDE) from their ALERT user interface.
Lee Cutrone, Managing Director of Industry Relations at Omgeo, states, âWe are extremely pleased to have been recognized by our community in the 2011 FTF News Technology Innovation Awards. Being named the âService Provider of the Yearâ, having our CEO voted as âPerson of the Yearâ, and receiving several accolades for our services truly demonstrates our position within the industry. We recognize the confidence and trust our community places in us, and we remain highly committed to continuing to drive market efficiency and deliver true value to market participants worldwide.â