SmartStream and Omgeo agree on STP interface


NEW YORK -- Software provider SmartStream Technologies said in January that it had agreed with Omgeo on an interface to SmartStream’s reconciliation software for mid-tier investment managers.

STP increase

SmartStream said the agreement would increase straight-through processing of investment trading and reduce settlement cycles for custodians and investment managers. Omgeo provides global trade management services.

Omgeo’s TradeHub product provides settlement notification and reconciliation

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