HSBC Trustee joins the latest round of institutions to sign up for Omgeo's straight through trade processing system. The Hong Kong bank is one of 12 global financial firms to adopt the system. Many of these firms have operations in Asia including Goldman Sachs Prime Brokerage, Deutsche Bank and JPMorgan Chase.
The announcement brings the number of investment managers and brokerdealers that have agreed to implement the central matching system to 29 following the launch of CTM in February this year. Omgeo CTM is a workflow-oriented trade management solution for domestic and cross-border trades that provides real-time settlement instruction enrichment and settlement notification messaging.
The investment managers are migrating from...
