Omgeo has entered a partnership agreement with Chinese technology provider Shenzen YSS Tech Info-tech to bring increased levels of automation to international equity and fixed income processing for Chinese investment managers.
The two companies will jointly provide seamless, automated processes from execution to settlement by building interfaces linking Omgeo Central Trade Manager with YSS Techs GoldenFinger, a financial valuation management product, and SPOMS, an investment transaction management solution.
With this solution, investment managers in China will be able to increase settlement efficiency and reduce the operational risk associated with cross-border investment transactions, from execution and straight through to settlement.
Users will be able to access Omgeos platform for the central matching of domestic equity and fixed income transactions directly from the YSS Techs GoldenFinger and SPOMS user interfaces in their local language. The joint offering is fully integrated and will further enable Chinese investment managers to seamlessly connect with Omgeos existing global community of 6,500 brokers and investment managers worldwide.
Omgeo entered the Chinese market in 2009 and as of April, this year, the company has eight out of the top 10 QDII funds, as ranked by chinafund.cn as users of CTM to centrally match With Omgeo CTM, clients are able to access and match trades with a group of central matching trade counterparties.
(JDC)