Omgeo

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Omgeo
Omgeo.gif
Founded Apr. 26, 2000
Headquarters London, New York
Key People Paula Sausville Arthus, President & CEO
Products Financial Services
Twitter @Omgeo
LinkedIn Profile
Website www.omgeo.com
Releases Company News

Omgeo is a financial services global joint venture wholly owned by the Depository Trust & Clearing Corporation (DTCC). It was established in 2001 between the DTCC and Thomson Reuters and specialized in post-trade operations[1] such as trade allocation, confirmation and settlement for investment managers, broker/dealers and custodians. DTCC acquired 100% of Omgeo in October of 2013.[2] [3]

Omgeo focuses on mitigating clients' operational, counterparty and compliance risk in the marketplace.[4]

Products and Services

Omgeo offers products in the following areas: allocation, confirmation/affirmation, settlement notification, enrichment, operational analytics and collateral management/reconciliation.

History

  • In 2000, DTCC and Thomson Financial announced an agreement to form a post-trade processing joint venture.
  • In 2005, Omgeo achieved 1 million fixed income allocations in a single year.
  • Also in 2005, Omgeo launched Omgeo Connect, its global access portal for post-trade services and settlements.
  • In 2008, the company acquired the collateral management provider Allustra.
  • In 2009, Omgeo launched ProtoColl, its collateral management solution, and CrossCheck, its portfolio reconciliation tool.
  • In October 2013, DTCC acquired 100 percent of Omgeo

John Lothian News Interviews

In a follow-up to a May 2012 interview in which we discussed innovation in collateral efficiency, former John Lothian News Editor-at-Large Doug Ashburn asked Leveroni about collateral shortages, futurization, and post-trade efficiency and the “buy vs. build” dilemma. He also discussed the results from a recent survey conducted by Omgeo and Celent on maximizing collateral advantage.


Ted Leveroni of Omgeo Discusses Collateral Requirements Under Dodd-Frank
Former John Lothian News Editor-at-Large Doug Ashburn spoke with Leveroni about collateral requirements under new regulations, and how firms are responding with innovation in collateral efficiency. Published May 30, 2012. Watch at JohnLothianNews.com[5]

Key People[6]

References

  1. About. www.Omgeo.com.
  2. DTCC Acquires 100% of Omgeo. Omgeo.
  3. DTCC To Acquire Full Ownership of Omgeo. BusinessWire, via Yahoo! News.
  4. products. http://www.dtcc.com/products/omgeo/.
  5. Ted Leveroni of Omgeo Discusses Collateral Requirements Under Dodd-Frank. John Lothian News.
  6. Leadership. www.omgeo.com/leadership_team.