GBST Adds Connectivity to Omgeo Post-Trade Tools

GBST, a provider of securities transaction and fund administration software has partnered with Omgeo to add connectivity to Omgeo’s Central Trade Manager (CTM) through GBST’s Syn~ application.

GBST Syn~ is a suite of post-trade processing solutions that are rules-based and workflow driven, and now it has connectivity to Omgeo CTM, which provides an automated solution for the central matching of cross-border and domestic transactions.

“The integration of Syn~ and CTM is timely as settlement cycles in major markets e.g. Europe and US are being shortened, requiring market participants to have the most efficient post trade processes and technologies,” says Denis Orrock, chief executive of capital markets, GBST.

GBST says that by partnering with Omgeo, clients can increase same-day affirmation rates, reduce manual intervention, and minimize exceptions and user intervention.

“Our strategic partnership with GBST will enable seamless connectivity to Omgeo CTM and a more streamlined post-trade environment for our mutual, global clientele. Increasing regulation and cost pressures on middle office operations are driving the need for greater automation and efficiency,” says Andrew Hughes, executive director, Omgeo. “GBST’s link to Omgeo CTM offers broker dealers a more integrated post trade, pre settlement workflow so that the benefits of central trade management can be quickly realized.”

In addition to CTM, GBST Syn~ also interfaces to Omgeo Oasys Direct, a U.S. domestic trade allocation and acceptance service, and Omgeo Alert, a database of account and standing settlement instructions