Omgeo Acquires Allustra and GEM Recs Platform, Steps up Efforts in OTC Derivatives Market

Omgeo has stepped up its push into the OTC derivatives space with the acquisition of Allustra, a London-based provider of collateral management solutions, and the license for a derivatives portfolio reconciliation platform from Global Electronic Markets (GEM). Allustra’s suite of products are aimed at providing customers the ability to consolidate trade positions across asset classes,...

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