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Linedata and Omgeo expand partnership

Author: Joanne Harris

Source: Hedge Funds Review | 02 Sep 2009

Categories: Post-trade

Topics: Technology, Platform, Settlement, LineData, Trade processing, Post-trade environment, Trade order management

Investment software company Linedata Services today (September 2, 2009) announced an expansion of its partnership with post-trade services provider Omgeo.

The agreement will enable investment managers using Linedata's 'long view' trading order management system to access Omgeo's strategic platform for the central matching of transactions across multiple asset classes directly through the FIX protocol.

The solution allows investment managers to send trade allocations from 'long view' directly to Omgeo central trade manager, automatically generating affirmations for matched trades.

Omgeo's system informs users of exceptions and automating settlement notification to custodians and settlement agents.

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