SmartStream Technologies certified for Omgeo Central Trade Manager
September 16, 2004
SmartStream Technologies today announced that TLM, the market leading suite of Transaction Lifecycle Management solutions, is now certified for Omgeo Central Trade Manager (Omgeo CTM), the global central matching solution for domestic and cross-border trades.
Completion of the stringent certification process provides SmartStream’s 1,100 clients with the enabling technology to take advantage of Omgeo’s Central Trade Manager service. Together Omgeo CTM and SmartStream’s TLM provide an inclusive and comprehensive Trade Process Management solution for investment managers that eliminates the need for manual processes.
Lee Adams, UK Principal Consultant, SmartStream said, “Achieving certification for Omgeo CTM is testament to the continued development of our STP Control Architecture. We believe in providing access to all key market infrastructures and service providers and with the addition of Omgeo CTM, TLM now delivers a complete post trade automation solution capability for our clients. TLM® empowers them to process trade confirmations and settlement instructions irrespective of service provider or originating format.”
Commenting on the certification Kathy Ball-Toncic, Executive Director, Global STP Partners at Omgeo, stated, “SmartStream is an important STP Partner for Omgeo. TLM’s certified interface to Omgeo CTM strengthens both organisations’ commitment to delivering flexible, scalable and robust STP solutions to the global financial services markets.”
Concluding the announcement, Adams stated, “As the financial markets have started to see rising transaction volumes, institutions and outsourcers are addressing the challenge of building automated, volume insensitive middle and back office processes. With certification achieved we believe we are well positioned to provide a compelling solution to this challenge.”