Northern Trust’s Global Fund Services unit has added its 15th Investment Operations Outsourcing (IOO) client to Omgeo Central Trade Manager (Omgeo CTM).
The use of Omgeo’s services offers significant efficiency and cost savings to Northern Trust’s IOO clients while reducing risk within the trade communication process.
“The complementary nature of Omgeo’s solutions provides true end-to-end STP of the entire trade process for our investment manager clients and their trading counterparties,” says Peter Cherecwich, head of institutional strategy and product development at Northern Trust.