Omgeo today announced significant milestones achieved in Japan in terms of facilitating operational efficiency, reducing costs and increasing risk mitigation for clients in the region. Further demonstrating the firm’s commitment to Japan, Omgeo has also re-launched the Japanese-language version of its website.
Omgeo wrapped up 2009 with significant growth in Japan, with 27% growth in business in the past three years. Trade volumes processed through Omgeo Central Trade Manager (Omgeo CTM), the central matching engine, in Japan also hit over 1 million transactions in 2009. This success underscores Omgeo’s increased focus on Japan over the past three years as a key market for long term growth.
Additionally in 2009, Omgeo achieved the following milestones: new Japanese domestic investment manager clients on Omgeo CTM increased by 43% since the end of 2008; 11% of Japanese broker clients signed to Omgeo CTM for broker-dealers, which was introduced in 2008; and Omgeo’s JASDEC link, which is a direct connection between JASDEC PSMS and Omgeo CTM/OASYS Global became available on a full scale.
Further demonstrating Omgeo’s commitment to Japan, the company re-launched the Japanese language version of its website. The new site provides Japanese clients with the most up to date information pertaining to Omgeo in the Japanese language.
“While the Omgeo business has been established in Japan for over decade, we are absolutely thrilled with our most recent surge in momentum,” said Tim Keady, managing director, global sales and relationship management, Omgeo. “Despite the recent economic turmoil around the globe, it is clear that the financial community in Japan is dedicated to reducing operational risk and the costs associated with trade processing. We are pleased to play such a role in incorporating automation into the post-trade environment and we look forward to continuing to strengthen our offerings to the Japanese community.”