Omgeo Alert, an online global database of account information and standing settlement instructions (SSIs), has hit a milestone with more than six million settlement instructions — a major step forward in its push to become the dominant SSI utility, say officials of the post-trade market infrastructure services provider the DTCC, which owns Omgeo. SSIs hold… Read More >>
Omgeo Offers SSI Support for Custodians, Prime Brokers
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… Read More >>
Omgeo Aims for a Global SSI Utility as DTCC Builds Client Data Service with A-List Firms
Omgeo & DTCC Ready ‘Global Utility’ for SSIs Post-trade solutions provider Omgeo and the DTCC are combining forces to build a repository that would effectively serve as a global utility for standing settlement instructions, intended to lower operational costs and bolster efficiency, say Omgeo and DTCC officials.SSI data such as account number, currency code, security… Read More >>
