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The post-trade service provider has added a feature to Alert that automates the collection and sharing of settlement instructions between custodians and their clients.
Post-trade service provider Omgeo is attempting to automate more of the back-and-forth between custodians, brokers and their clients in the latest release of its Omgeo Alert solution, version 5.0. Alert 5.0 adds the Global Custodian Direct feature, which enables global custodians and prime brokers to electronically maintain “timely and accurate standing settlement instructions (SSI) on...
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