SimCorpâs TMS2000 provides true straight through processing to the internal investment management process to encompass the front, middle and back office functions. Omgeo CTM will enable this automation to be continued after the trade has been placed by enabling central matching â straight through processing between the fund manager and counter parties to the trade â the broker and the custodian - both for domestic and cross border trades. With SimCorpâs client base being primarily based in Europe, this strategic partnership will enable Omgeo to bring the benefits of STP to some key European markets, including Germany and Scandinavia as well as the UK.
In addition, the partnership will enable Omgeoâs clients to benefit from SimCorpâs investment management system, TMS2000, which combines true straight through processing with broad instrument coverage and risk management.
With a single integrated database and the ability to handle financial instruments in a consistent way, TMS2000 significantly improves the efficiency of investment management organisations, while enabling fund managers to use an increased number of instruments at reduced risk.
âNow, with SimCorp joining the Omgeo STP Partners Program we can provide our and their clients with seamless integrated services across Continental Europe,â said Richard Hughes, Managing Director Europe/ Middle East and Africa, Omgeo. âThis announcement will enable asset managers to achieve straight through processing right through from the front to the back office, thereby truly delivering the benefits of total automation. Omgeo is committed to ongoing strategic collaboration for the benefit of our clients through the STP Partner Program.â
Kjell Nordgard, managing director of SimCorp Limited added, âWe are committed to providing our clients with access to Omgeo Central Trade Manager, which will bring great efficiency and automation for our clients post trade. By joining the STP Partners Program we will be able to work with all vendors on STP processes and set strategic business objectives for the benefits of all of our clients.â