Northern Trust’s IOO trade volumes passing through Omgeo CTM for settlement have increased nearly 500 percent since 2006, due to an expanding client base at Northern Trust and all existing clients converting to Northern Trust’s strategic platform, which includes connectivity to Omgeo CTM.
Working with Omgeo for the last six years, through global processing centres in the United States and United Kingdom, Northern Trust has seen trade volumes and number of clients increase steadily.
“By leveraging Omgeo’s matching services, Northern Trust is able to afford its outsourcing clients access to a global brokerage community connected to their products,” says Peter Cherecwich, head of institutional strategy and product development at Northern Trust.
Jeff Potter, vice president, Northern Trust, adds: “Our clients expect reliable, flexible, cost-efficient services, and Omgeo consistently exceeds those expectations.”