Omgeo and Eze Software Group are launching a high-performance interface to fully automate futures and options matching between the Eze OMS and Omgeo Central Trade Manager (Omgeo CTM), a central matching solution for domestic and cross-border exchange-traded derivatives (ETDs), equities and fixed-income transactions.
This new interface has been developed using Omgeo CTM’s native XML messaging format and greatly improves both the speed and capacity with which trades and trade statuses can be delivered between the two systems.
The Eze OMS is a global multi-asset class order management system that streamlines the investment cycle from idea generation through settlement. The new Omgeo CTM link will increase operational efficiency, lower settlement risk and enhance straight-through processing for Eze OMS users. The interface enables Eze OMS buy-side users and their broker counterparties to match ETD, fixed income and equity trades in real time. Users also benefit from Omgeo CTM’s capacity to efficiently process the significant volumes of trades required by large institutional hedge funds and traditional asset managers.
Chris Corvi, director of product management for the Eze OMS at Eze Software Group, says: “Our clients increasingly demand fully integrated workflows across their trading and post-trade operations. Omgeo CTM enables us to offer the benefits of Omgeo’s central matching solution directly through the Eze OMS, increasing the overall efficiency of their workflows and bringing scalability to the confirmation, allocation and matching processes.”
Ted Leveroni, executive director of derivative strategy and external relations at Omgeo, says: “Futures and listed options have become integral parts of buy-side trading strategies, and firms need to ensure their trade processing capabilities can keep up. This link will help users eliminate unnecessary risk while improving efficiencies across the trade lifecycle, with equities, fixed income and ETD trades processed from a single platform.”
In addition to Omgeo CTM, the Eze OMS also links to Omgeo OASYSSM, an allocation and confirmation service for US securities. Together, Eze Software Group and Omgeo have more than 175 clients live on their joint offerings.