Beauchamp's portfolio management software system can now connect directly to Omgeo's automated back-office trade processing solution.
Omgeo provides several flexible interface options allowing portfolio management systems to connect to its Central Trade Manager (CTM) system, including the Message Translation Interface (MTI) employed by Beauchamp's FundManager. Through this connection, client files are mapped to and from Omgeo CTM XML, and trade details are processed in "batch" mode.
Clients can use FundManager to leverage existing file formats, including Omgeo AutoMatch files, to send and receive data to and from Omgeo CTM, minimizing the cost, effort and resources required to implement Omgeo CTM functionality.
Kathy Ball-Toncic, Executive Director, Omgeo Global STP Partners Program, commented; "We are pleased to be able to offer our clients increased value through our STP Partnership with Beauchamp. By offering a certified interface between Omgeo CTM and BFT FundManager, clients are able to increase their straight through processes and maximize efficiencies without having to spend time and money building their own links."
Clare Flynn, Beauchamp's President, said, "We look forward to providing Beauchamp's clients with additional means to achieve superior operational efficiency and accuracy in trade reporting. The user will be able to feed substantial volumes of trades into Omgeo CTM, match them with broker execution and trade details, manage exceptions and automatically update the status of trades in the FundManager portfolio management system prior to reporting them to their prime brokers and administrators. Automated trade matching and reconciliation is bringing the hedge fund industry that much closer to full straight through processing, maximizing operational efficiency and maximizing investment returns."
Omgeo is a provider of post-trade pre-settlement trade management solutions, processing over one million trades per day and serving 6,000 investment managers, broker/dealers and custodians in more than 40 countries. Omgeo partners closely with service providers, infrastructure suppliers, industry standards organizations and clients, and aims to increase operational efficiency and reduce risk for the investment management community through STP solutions. With 27 combined years of experience, Omgeo is the result of a global joint venture between The Depository Trust & Clearing Corporation (DTCC) and Thomson Financial.