SmartStream Technologies says its TLM application is now certified for the Omgeo Central Trade Manager (Omgeo CTM) central matching solution for domestic and cross-border trades.
Completion of the certification process means SmartStream’s clients can now use the CTM.
“Achieving certification for Omgeo CTM is testament to the continued development of our STP Control Architecture,” says Lee Adams, UK Principal Consultant, SmartStream. “We believe in providing access to all key market infrastructures and service providers and with the addition of Omgeo CTM, TLM now delivers a complete post trade automation solution capability for our clients. TLM empowers them to process trade confirmations and settlement instructions irrespective of service provider or originating format. As the financial markets have started to see rising transaction volumes, institutions and outsourcers are addressing the challenge of building automated, volume insensitive middle and back office processes. With certification achieved we believe we are well positioned to provide a compelling solution to this challenge.”
Kathy Ball-Toncic, Executive Director, Global STP Partners at Omgeo, describes SmartStream as an important STP partner for Omgeo. “TLM’s certified interface to Omgeo CTM strengthens both organisations’ commitment to delivering flexible, scalable and robust STP solutions to the global financial services markets,” she says.