Dion Global Solutions middle and back office solution for trade processing clients has been successfully validated with Omgeo Central Trade Managers and certified by Omgeo.
The announcement means that Dion, as a certified Omgeo partner, now offers its NOVA, its back office solution supporting the trade processing clients access to CTM, a platform for the central matching of cross-border and non-US domestic equities, fixed income, exchange traded derivatives and CFD transactions.
CTM offers exception-only processing and improved same-day affirmation rates. By linking the two services, NOVA clients will also gain instant access to over 1,000 Omgeo CTM clients globally.
Investment managers using Omgeo OASYS GlobalSM are seeking to complete a migration to Omgeo CTM by June, 2013, as required by Omgeo.
(JDC)