The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Omgeo Continues Momentum in Japan

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.”

Related content

WEBINAR

Recorded Webinar: The UK’s New Prudential Regime for Investment Firms – Time to Prepare!

With the implementation of the new Investment Firms Prudential Regime (IFPR), the FCA is aiming to streamline and simplify the prudential requirements for solo-regulated investment firms in the UK. Under the new regime, all MiFID authorized, Collective Portfolio Management Investment Firms (i.e. UK UCITS ManCo and Alternative Investment Fund Management Firms permitted to undertake Additional Activities)...

BLOG

Bank of England Progresses Data Standards Plan to Improve Data Collection at Lower Cost to Industry

The Bank of England is pressing ahead with plans to deliver data standards for data collection based on its vision that ‘the bank gets the data it needs to fulfil its mission, at the lowest possible cost to industry’. It acknowledges the challenges of setting standards, such as coordinating collective action, and says it will...

EVENT

RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...