Overview
Omgeo is a leading post-trade operations firm, specializing in trade allocation, confirmation, and settlement, and it is wholly owned by the Depository Trust & Clearing Corporation (DTCC). The company is headquartered in London and New York and is focused on mitigating operational, counterparty, and compliance risks in the financial market, aiming to automate the trade lifecycle for investment managers, broker/dealers, and custodian banks.
Historical Development
Founded in 2000 as a joint venture between DTCC and Thomson Financial, Omgeo became a fully owned subsidiary of DTCC in October 2013. Omgeo has developed several significant products over its history, with Omgeo Connect launching in 2005 as a global access portal for post-trade services. ProtoColl, initiated in 2009, strengthened Omgeo’s position in collateral management. The company further expanded its capabilities with Allustra's acquisition in 2008, enhancing its offerings in this domain.
Products and Services
Omgeo offers a comprehensive suite of trade management software services, including:
- Allocation
- Confirmation/Affirmation
- Settlement Notification
- Enrichment
- Operational Analytics
- Collateral Management/Reconciliation
These services cater to a broad client base of 6,500 and maintain partnerships with 80 technology partners to improve the automation and efficiency of their post-trade processes.
Key Personnel
Omgeo's leadership team is pivotal to its strategic vision and operational execution:
- Paula Sausville Arthus: President & CEO of Omgeo and Head of Data Services at DTCC.
- Michael Bodson: President and CEO of DTCC.
- Clare Fraser: Managing Director of Strategy.
- Tim Keady: Chief Client Officer.
- Randy Guy: Managing Director of Technology.
- Jeannie Shanahan: Managing Director of Governance and Risk Management/Compliance.
- Ted Leveroni: Executive Director of Derivatives Strategy and External Relations.
Strategic Initiatives
Omgeo continues to drive initiatives optimizing collateral advantage and fulfilling regulatory obligations, particularly focusing on collateral requirements under legislations like Dodd-Frank. Collaborations with key industry players exemplify Omgeo's dedication to enhancing post-trade efficiency and risk management automation.
Industry Position and Competitors
Omgeo operates within a dynamic financial services landscape, maintaining a competitive edge through innovation and strategic partnerships, leveraging its parent company DTCC’s market infrastructure. The company faces competition from firms like CoreLogic, Simility, OpenGamma, Traiana, Information Mosaic, and Charles River Systems. Each competitor brings unique analytic and automation solutions to the financial technology market, shaping a continuously evolving competitive environment:
- CoreLogic: Specializes in property information and data-enabled analytics focused on real estate and financial sectors.
- Simility (PayPal Subsidiary): Provides real-time risk and fraud prevention solutions powered by machine learning and big data analytics.
- OpenGamma: Offers derivatives margin analytics that benefit firms dealing with trading capital requirements.
- Traiana: Delivers market infrastructure solutions for risk and asset class management as part of the ICAP Group.
- Information Mosaic: Delivers financial services technology solutions emphasizing corporate actions and post-trade services.
- Charles River Systems: Offers software solutions that streamline front- and middle-office operations.
Amid challenges from entrants like Bloomberg and SS&C Technologies venturing into post-trade matching, Omgeo's robust client network and technological integrations are crucial for maintaining its lead. Sustaining its market leadership requires ongoing adaptation to emerging technologies and evolving client needs.
Contact Information
- Website: [www.omgeo.com](http://www.omgeo.com)
- LinkedIn Profile: [Omgeo LinkedIn](https://www.linkedin.com/company/omgeo)
Omgeo stands as a vital player in the post-trade services sector, driven by a commitment to enhancing operational efficiency and minimizing risks in the ever-changing financial world.
