PARIS--(BUSINESS WIRE)--Murex, the leading provider of integrated trading, risk, collateral and processing solutions, announced today a strategic partnership with Omgeo, a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC) and the global standard for institutional post-trade efficiency. With real-time certified connectivity to Omgeo Central Trade ManagerSM (Omgeo CTM), the Murex MX.3 platform provides increased automation and straight through processing (STP).
Buy- and sell-side clients will benefit from a single platform to support their investment process, seamlessly integrated from the order management system (OMS) to post-trade operations and settlement, including exceptions management with brokers directly from a centralized end-user dashboard.
Simon Powell, Regional Manager of Global Partners at DTCC’s Omgeo, said: "In today's risk adverse global markets, the minimization of operational risk and the associated time and cost savings are critical factors for instilling confidence in operational processes and capabilities, and the community as a whole. Partnering with Murex allows our mutual clients to easily realize the benefits of Omgeo CTM through a streamlined post-trade environment. With Murex, many additional asset managers, banks and brokers are benefiting from increased efficiencies."
Randa Saghieh, Head of the Operations & Finance Solution at Murex, said: "Murex puts a lot of focus on assisting clients in reducing operational risks and costs leveraging our integrated front-to-back risk platform. The certification of the Omgeo CTM interface further streamlines operational processes in line with the market standards."
About Omgeo
Formed in 2001, Omgeo automates trade lifecycle
events between investment managers, broker/dealers and custodian banks,
enabling 6,500 clients and 80 technology partners in 52 countries around
the world to seamlessly connect and interoperate. By automating and
streamlining post-trade operations, Omgeo enables clients to accelerate
the clearing and settlement of trades, and better manage and reduce
their counterparty and credit risk. Omgeo’s strength lies within its
global community and its ability to create solutions to enable clients
to realize clear returns on their investment strategies, while
responding to changing market and regulatory conditions. Across borders,
asset classes, and trade lifecycles, Omgeo is the global standard for
operational efficiency across the investment industry. Omgeo is a
subsidiary of The Depository Trust & Clearing Corporation (DTCC). For
more information, follow us on Twitter @Omgeo.
About DTCC
With over 40 years of experience, DTCC is the
premier post-trade market infrastructure for the global financial
services industry. From operating facilities, data centers and offices
in 16 countries, DTCC, through its subsidiaries, automates, centralizes,
and standardizes the post-trade processing of financial transactions,
mitigating risk, increasing transparency and driving efficiency for
thousands of broker/dealers, custodian banks and asset managers
worldwide. User owned and industry governed, the firm simplifies the
complexities of clearing, settlement, asset servicing, data management
and information services across asset classes, bringing increased
security and soundness to the financial markets. In 2014, DTCC’s
subsidiaries processed securities transactions valued at approximately
US$1.6 quadrillion. Its depository provides custody and asset servicing
for securities issues from over 130 countries and territories valued at
US$64 trillion. DTCC’s global trade repository maintains approximately
40 million open OTC positions and processes roughly 280 million messages
a week. To learn more, please visit www.dtcc.com
or follow us on Twitter @The_DTCC.
About Murex
Since its creation in 1986, Murex has played a
key role in proposing effective technology as a catalyst for growth and
innovation in capital markets, through the design and implementation of
integrated trading, portfolio management, risk management, processing
and post-trade platforms.
Driven by innovation, Murex’s MX.3
Front-to-Back-to-Risk platform leverages the firm’s collective
experience and expertise, accumulated through its strategic client
partnerships, to offer an unrivalled asset class coverage and
best-of-breed business solutions at every step of the financial trade
lifecycle.
Clients worldwide benefit from the MX.3 platform’s
modular set of business solutions, specifically designed to solve the
multi-faceted challenges of a transforming financial industry, while
relying on the strength of 2,000 dedicated specialists. To learn more,
please visit https://www.murex.com/
or follow us on Twitter @Murex_Group.
