Beauchamp Financial Technology (BFT) says it has built into its FundManager application an interface with Omgeo Central Trade Manager (Omgeo CTM).
“We are pleased to be able to offer our clients increased value through our STP Partnership with Beauchamp,” says Kathy Ball-Toncic, Executive Director, Omgeo Global STP Partners Programme. “By offering a certified interface between Omgeo CTM and BFT FundManager, clients are able to increase their straight through processes and maximize efficiencies without having to spend time and money building their own links.”
Omgeo provides several interface options that enable portfolio management systems to connect to Omgeo CTM, including the Message Translation Interface (MTI) employed by BFT’s portfolio management system. Through this connection, client files are mapped to and from Omgeo CTM XML, and trade details are processed in batch mode. Clients can use BFT FundManager to leverage existing file formats, including Omgeo AutoMatch files, to send and receive data to and from Omgeo CTM, with the aim of minimizing the cost, effort and resources required to implement Omgeo CTM functionality.
“We look forward to providing Beauchamp’s clients with additional means to achieve superior operational efficiency and accuracy in trade reporting,” says Clare Flynn, Beauchamp’s President. “The user will be able to feed substantial volumes of trades into Omgeo CTM, match them with broker execution and trade details, manage exceptions and automatically update the status of trades in the FundManager portfolio management system prior to reporting them to their prime brokers and administrators. Automated trade matching and reconciliation is bringing the hedge fund industry that much closer to full straight through processing, maximizing operational efficiency and maximizing investment returns.”