Omgeo CTM
Omgeo Central Trade Manager (Omgeo CTM) is Omgeo’s strategic platform for the central matching of fixed income and equity transactions to further streamline trade flows, decrease operational risk and increase efficiency. Omgeo CTM processes both cross-border and non-U.S. domestic trades, and offers exception-only processing, real-time settlement instruction enrichment, and automated settlement notification to custodians and
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Editorial Team
- May 12, 2021
- 2 minutes
Omgeo Central Trade Manager (Omgeo CTM) is Omgeo’s strategic platform for the central matching of fixed income and equity transactions to further streamline trade flows, decrease operational risk and increase efficiency. Omgeo CTM processes both cross-border and non-U.S. domestic trades, and offers exception-only processing, real-time settlement instruction enrichment, and automated settlement notification to custodians and interested third parties.
Key Benefits
- Improve your SDA rates which are consistently above 94% on T and 98% on T+1
- Realize a quick and clear return on your investment by utilizing one of our many flexible implementation options and selecting flexible, secure connectivity methods, including leased lines, private network connections, and the internet
- Increase your productivity and reduce trade fails with follow the sun processing capabilities plus enhanced ability to achieve same or next-day settlement for cross-border and non-US domestic trades
- Utilize end-to-end automation via a single platform, thereby, reducing the processing steps and maintenance costs of multiple applications
- Simplified exception only processing allows you to only worry about the small instances of mismatched trade and instantly lets you modify and repair those exceptions to facilitate matching
Key Features
- Omgeo ALERT enrichment available on the contract – not just on the block, and re-enrichment on amends
- Customizable matching profiles that identify mandatory and optional fields eligible for matching and allow tolerances to be set
- View and reject blocks alleged against you and reject mismatched blocks and contracts
- Bilateral cancellation after trade is Match Agreed can be initiated by either party and accepted or rejected by the counterparty
- Automated settlement notification via SWIFT or CSV, including third parties
- Adherence to industry messaging standards (SWIFT MT54x, ISITC, etc.)
- Links to the Canadian Depository for Securities (CDS) and EuroCCP for submission of matched trades for settlement
- Direct, FIX or Message Translation Interfaces available (MTI is currently available to Investment Manager’s only, Omgeo is currently developing an Omgeo CTM Broker/Dealer MTI solution)
- A robust browser-based user interface (UI) enables you to instantly modify and repair trade exceptions to facilitate matching
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