Omgeo enables firms to get connected

Electronic trading company Omgeo has launched a straight-through processing system that will manage trades centrally.

The Omgeo Central Trade Manager (CTM) moves from local application to a central hub, enabling all areas of a company and its partners to become connected.

For example, an asset management firm with offices in Hong Kong and London and a prime broker in New York was previously tied by local time zones, which created inefficiencies in the operation of trades. With Omgeo CTM all the