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Security Services: News & Analysis - Trade Processing - Omgeo reveals big demand for fixed income trades.(Omgeo)(Brief article)
Financial Times Mandate, December, 2005 by Aitken, Roger
Byline: Roger Aitken
As Omgeo, a provider of post-trade, pre-settlement trade management services, surpassed the $10,000bn mark in processed US fixed income trades via the Oasys trade allocation and acceptance service in the first three quarters of 2005, an increased appetite for automation and efficiency in fixed-income back offices seems to be emerging.
"The achievement of our millionth allocation at this point in the year signals significantly-heightened awareness among the fixed income community of the cost savings and risk reduction brought about by post-trade automation," stated John Burchenal, managing director, asset class expansion, Omgeo.
European fixed-income trade processing still lags behind the US in terms of efficiency. While...
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