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State Street utilizes CheckFree RECON Securities; U.S. Clearing launches E-Documents, an Internet-delivery and storage service; Omgeo announces new client adoption of Omgeo OASYS-TradeMatch.

CheckFree Corporation announced that State Street Research & Management Company, an investment manager, is utilizing CheckFree RECON Securities to streamline its cash and securities-transaction-reconciliation processes. Prior to going live with CheckFree's automated solution, State Street parallel tested RECON Securities over an eight-week period against its own manual process. At State Street, RECON Securities interfaces to Thomson Financial's investment-accounting solution, Portia. Portia receives files then matches the files to State Street's custodians, via a DTC hub into RECON Securities.

U.S. Clearing, a clearing and execution firm, announced that it has launched E-Documents, an Internet-delivery and storage service for the clients and account executives of its broker/dealer correspondents. E-Documents is a suite of account and investor information. The U.S. Clearing E-Document product includes electronic delivery and storage of account statements and trade confirms, 1099 statements, proxies, prospectuses, annual reports and other relevant documents.

Omgeo, a provider of global trade-management services, announced new client adoption of Omgeo OASYS-TradeMatch, the company's central-matching service for U.S.-domestic securities. As of today, 81 Omgeo investment managers have adopted OASYS-TradeMatch, of which 47 are live. This is up from the 19 signed on as of January 2002, of which 13 were live. A move to OASYS-TradeMatch is a step for U.S. investment managers migrating to Omgeo Central Trade Manager, which provides real-time matching of trade allocations to confirmations.

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