Omgeo, a provider of management services, has launched the Omgeo ALERT Plus for high-volume investment managers (IMs) and investment manager outsourcers (IMOs). Omgeo ALERT Plus is a new feature set within Omgeo ALERTSM, Omgeo’s Web-based global database for the maintenance and communication of standing settlement and account instructions, which allows clients the ability to create and manage their high-volume account and settlement data more efficiently.
“One of the largest challenges in the post-trade, pre-settlement environment is ensuring accurate and reliable data is delivered to all counterparties of a trade,” says Steve Matthews, the managing director of product at Omgeo. “The issue is too often complicated by the lack of consistency around data maintenance. Omgeo ALERT Plus marks our commitment to help lead the industry in overcoming these challenges and further improve overall data integrity.”
Omgeo is a joint-venture of The Depository Trust & Clearing Corporation (DTCC) and Thomson Financial.