07.09.2013

Omgeo and Eze Software Partner on Trade Lifecycle System

07.09.2013
Terry Flanagan

With futures and listed options playing an increasingly important role in buy-side trading strategies, it’s necessary to automate matching of equities, fixed income and exchange-traded derivatives trades from a single platform, in order to improve efficiencies across the trade lifecycle.

Omgeo, a provider of post-trade automation, and Eze Software Group, a provider of global investment technology, have launch a system to fully automate futures and options matching between the Eze OMS and Omgeo Central Trade Manager (Omgeo CTM), a central matching solution for domestic and cross-border exchange-traded derivatives (ETDs), equities and fixed-income transactions.

This new interface, which has been developed using Omgeo CTM’s native XML messaging format, greatly improves both the speed and capacity with which trades and trade statuses can be delivered between the two systems.

“Futures and listed options have become integral parts of buy-side trading strategies, and firms need to ensure their trade processing capabilities can keep up,” said Ted Leveroni, executive director of derivative strategy and external relations at Omgeo. “This link will help users eliminate unnecessary risk while improving efficiencies across the trade lifecycle, with equities, fixed income and ETD trades processed from a single platform.”

By enabling Eze OMS buy-side users and their broker counterparties to match ETD, fixed income and equity trades in real time, the new Omgeo CTM link will increase operational efficiency, lower settlement risk and enhance straight-through processing for Eze OMS users.

“Our clients increasingly demand fully integrated workflows across their trading and post-trade operations,” said Chris Corvi, director of product management for the Eze OMS at Eze Software Group. “Omgeo CTM enables us to offer the benefits of Omgeo’s central matching solution directly through the Eze OMS, increasing the overall efficiency of their workflows and bringing scalability to the confirmation, allocation and matching processes.”

Eze OMS is a global multi-asset class order management system that streamlines the investment cycle from idea generation through settlement. Users also benefit from Omgeo CTM’s capacity to efficiently process the significant volumes of trades required by large institutional hedge funds and traditional asset managers.

In addition to Omgeo CTM, the Eze OMS also links to Omgeo OASYSS, an allocation and confirmation service for U.S. securities. Together, Eze Software Group and Omgeo have more than 175 clients live on their joint offerings.

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