08:27 AM
OPERATIONS
Omgeo, a provider of global trade-management services, announced that 10 new organizations have signed on to use Omgeo Central Trade Manager (Omgeo CTM), its global straight-through-processing (STP) platform. New clients include Brown Brothers Harriman, BNP Paribas Securities Services, JPMorgan Chase, Societe Generale Global Securities Services, ABN AMRO Asset Management Limited, Lloyd George Management (Hong Kong) Limited, CLSA Emerging Markets, Financial Technologies (India) Limited (FTIL), Linedata's LongView Trading System and one new investment manager in Asia/Pacific. JPMorgan Chase and Investors Bank & Trust also signed as outsourcers. The new additions bring Omgeo CTM's current client base to over 50, including 14 custodian banks.
SunGard eProcess Intelligence, an operating unit of SunGard, announced that Swiss bank, Bank Wegelin & Co. Privatbankiers, has selected its intelliMATCH for automatic processing, matching and reconciliation of cash nostro accounts, trades and holdings, and FX and money-market confirmations.