Hedge fund software specialists Beauchamp say users can now connect its FundManager and Equity FundManager portfolio management systems directly to Omgeo Central Trade Manager (Omgeo CTM) for automated trade matching.
Omgeo CTM is Omgeo’s straight-through processing solution for automating back-office trade processing, offering immediate access to Omgeo’s global community of 6,000 brokers for central trade matching and settlement notification. FundManager (or Equity FundManager) connects to Omgeo CTM via the Message Translation Interface (MTI). Through this connection, client files are mapped to and from Omgeo CTM XML, and trade details are processed in “batch” mode.
Users can feed trades into Omgeo CTM via FundManager (or Equity FundManager), match them automatically with broker execution and trade details, manage exceptions and automatically update the status of trades in FundManager (or Equity FundManager) prior to reporting them to their prime brokers and administrators.