View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 19, 2008updated 06 Sep 2016 2:13pm

Omgeo and NSE.IT partner to streamline India’s post-trade infrastructure

Omgeo, a provider of post-trade, pre-settlement trade management software, and NSE.IT, a provider of IT applications to the capital markets industry, have announced the availability of Omgeo Oasys Global and Omgeo Central Trade Manager to process trades via NSE.IT XpressSTP.

By CBR Staff Writer

According to Omgeo, its Oasys Global is an electronic trade allocation and confirmation system for brokers and dealers, investment managers and custodian banks and Omgeo Central Trade Manager (CTM) is a global platform for the central matching of fixed income and equity transaction for investment managers. NSE.IT XpressSTP is a messaging network for straight-through processing (STP).

Omgeo said that the links between NSE.IT’s XpressSTP and Omgeo’s Oasys Global and CTM provide increased STP for cross-border Indian trades, thus providing greater risk management, reduced costs and significantly fewer errors with trade processing.

Omgeo Oasys Global and Omgeo CTM messages are compliant with local SEBI requirements and trade details are either accepted or rejected through the Omgeo services so that only accepted messages are sent through NSE.IT XpressSTP for settlement, added Omgeo.

Ramesh Padmanabhan, CEO of NSE.IT, said: By partnering with Omgeo, we are pleased to bring further efficiency by reducing the need for clients to send two similar, yet separate, messages. By receiving messages that are already agreed between counterparties, we are confident that fewer failed trades will result and operational risk will be significantly reduced.

Content from our partners
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester
Infosecurity Europe 2024: Rethink the power of infosecurity

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.