Murex, a provider of integrated trading, risk, collateral and processing solutions, has partnered with Omgeo, a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC).
With real-time certified connectivity to Omgeo Central Trade ManagerSM (Omgeo CTM), the Murex MX.3 platform provides increased automation and straight through processing (STP).
Buy- and sell-side clients will benefit from a single platform to support their investment process, seamlessly integrated from the order management system (OMS) to post-trade operations and settlement, including exceptions management with brokers directly from a centralized end-user dashboard.
Simon Powell (pictured), Regional Manager of Global Partners at DTCC’s Omgeo, says: "In today's risk adverse global markets, the minimization of operational risk and the associated time and cost savings are critical factors for instilling confidence in operational processes and capabilities, and the community as a whole. Partnering with Murex allows our mutual clients to easily realize the benefits of Omgeo CTM through a streamlined post-trade environment. With Murex, many additional asset managers, banks and brokers are benefiting from increased efficiencies."
Randa Saghieh, Head of the Operations & Finance Solution at Murex, says: "Murex puts a lot of focus on assisting clients in reducing operational risks and costs leveraging our integrated front-to-back risk platform. The certification of the Omgeo CTM interface further streamlines operational processes in line with the market standards."
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